The Dow drifted higher today and gained 69 points on light volume.  The advance/declines were positive.  The summation index is moving up.  Not a lot to say about todays price action.  To me, it has the feel of sideways before moving higher for the Dow.  The S&P 500 set another new high today.  We did get a signal for a strong move in the McClellan oscillator last night.  However today doesn't fulfill that and tomorrow is a shortened session.  So it appears the signal is invalid this time around.  The VIX continued lower today and that means complacency is rampant.  It also can mean higher prices in the near term as well.  The Bollinger bands did not contain things here.  GE was flat and volume was light.  Gold gained back all that it lost yesterday.  The US dollar was slightly lower.  The XAU and GDX also rebounded to the extent of yesterdays losses.  Quite impressive I might add.  Volume was good.  Money is flowing into the precious metals complex.  Calls are in order if a chance comes up.  I see more money is flowing into the September GDX contracts, so that is probably where things are set up to be profitable.  Mentally I'm feeling OK.  Holiday mode is here and we're just waiting for the jobs number on Friday at this point.  I'm guessing that prices will rally regardless of the report unless it is something way out of the ordinary.  I do think that waiting until next week to do something is probably in order as well.  I am really a believer in the gold shares even more so after todays price action.  I may have to go higher on the strike price though because there seems to be no getting back to oversold territory.  I'll remain patient for this week at least.  Europe and Asia were higher overnight.  Short session tomorrow here in the US and then an off Thursday for the 4th.  Simply waiting for the employment report.