A waiting game today as the Dow fell 64 points on light volume.  The advance/declines were negative.  The economic data was a little better than expected but it doesn't matter in this environment.  It's all about the Fed.  I doubt that they will announce any changes tomorrow but I could be wrong.  It's possible that we get no new news from the Fed and the ECB.  The stock indices probably won't like that but who knows?  There's always Fridays employment report to move things.  So we'll see.  GE was flat on the day and the volume was light.  Gold dropped almost $10 on the futures and the US dollar was a bit lower as well.  The XAU fell almost 3 points.  ABX, GG and NEM all had fractional losses today on light volume.  My ABX October calls remain mired in the red.  No news from the Fed and the ECB won't be bullish for gold.  The technicals for the gold shares here are mid-range.  A case could be made for either direction.  Mentally I'm feeling a bit tired, did not sleep well.  We ended the month on a down note for the stock indices.  I still think that we are digesting the gains from late last week.  Not completely short term overbought on the stock indexes just yet.  The gold shares look like they could be rolling over here once again.  Tomorrows action will tell the story there.  I still plan on holding the ABX calls for a while though.  Beginning of August tomorrow and we'll see if we get some of the usual positive money flows.  We'll keep an eye on things overnight and take it from there.