Continuing to move higher as the Dow gained 179 points on light volume. The advance/declines were positive. The summation index is trying to turn back up. Once again the NASDAQ led the way higher. The S&P 500 had a nice gain and the short term technical indicators are turning back up. Option expiration week is on tap so perhaps we'll head back to new all time highs again. We are still pretty far removed from the 50 day moving average though. Gold added a few bucks as the US dollar had a slight drop. Interest rates finished little changed. The XAU and GDX had fractional gains on light volume. GDX remains short term overbought. Any drop in GDX would be a chance to get some of the longer term options for January or March. All signs point to gold starting a multi-week move higher in my opinion. Still hoping for a back test of the neckline breakout in the inverse head and shoulders pattern for GDX. That's the most we can hope for as this move in the gold shares has been missed. Mentally I'm feeling OK. The VIX continued lower and that fits with todays rally. Indicators here have turned back down which suggests that we'll see higher stock prices next week. We'll see. Not much else to add today as it was a lower week for the S&P on light volume. A pause was needed after the extended run up that we've seen since the beginning of October. I'd expect us to be higher again by the end of next week. Plenty of charts to go over this weekend as usual. We'll be looking to get aboard the gold train next week if we see some weakness. May not happen though. Europe was higher with the exception of the FTSE. Asia was up. It's Friday afternoon and time for a break.