Another lackluster trading session to begin the week as the Dow rose 17 points on light volume.  the advance/declines were slightly negative.  The overall market was stronger than the Dow though.  The summation index is trending sideways.  Just marking time it seems before the Fed announcement next week.  I'm leaning towards the SPY August puts if we see a light volume levitation from here.  GE was up over 1/8 on light volume.  Gold didn't do much today and neither did the US dollar.  The XAU and GDX had fractional gains on light volume.  Mentally I'm feeling OK.  We've rolled into the August option cycle.  Really no hurry to do anything at the moment.  It is times like these that you've got to stay patient.  Gold and the gold shares remain short term overbought.  The major stock indices did see the technical indicators roll over.  The small stock indicators have turned back up.  If the large caps follow we could see a rally.  The volume and movement of that rally will let you know if it worth going the other way.  Hasn't happened yet but that is the scenario that I'm looking for.  I do still like the September gold share calls if we see a pullback.  Straight up there cannot last indefinitely.  Asia lower and Europe higher to begin the week overseas.  It's summertime and the trading is slow.