A mixed bag today as the Dow gained 12 points on average volume.  The advance/declines were negative though and the S&P 500 showed a loss.  The small stock indices were mixed.  The summation index continues higher.  Waiting on the Fed seems to be the general theme but there isn't anything new expected there.  My November OEX puts are losers.  I should get rid of them this week, either getting stopped out or dumping them.  I'm going to hold them until the Fed on Wednesday.  Short term overbought on the stock indexes but we are not seeing any pullback.  GE was off 1/8 and the volume was light.  Holding off on the March calls for now.  Gold was off a couple bucks on the futures and a bit more in the aftermarket.  The US dollar was off a bit today but gold did not move up.  The XAU fell 1/3.  The gold shares are low and they just keep going lower.  ABX, GG and NEM were all down 1/4 or more on light volume.  Earnings due for these three starting after the close on Wednesday.  As much as I'd like to try the near term calls for the gold shares here, I am going to try and fight myself to just not do anything.  However these stocks are due for at least a bounce at some point.  Oversold and staying there but a case can be made on the daily charts for a positive RSI divergence.  Mentally I'm feeling OK.  We had a nice bounce in the stock indexes and the Fibanocci retracement levels have all been taken out.  The trend is up.  There has been no pullback and no retest of the lows.  It appears that a V bottom is in place.  The weekly stock index candlestick charts are showing a bullish pattern.  Declines, if they occur, can be purchased in my opinion.  Gold continues to go nowhere and the gold shares are decimated.  When the carnage ends is the question that hasn't been answered for months.  It doesn't pay to try and guess in this game.  The technical indicators stopped working here a while ago.  I'll try my best to stay on the sidelines.  The fundamentals remain bearish for gold.  We'll keep an eye on the overnight action and see what happens on Tuesday.