..................Elliot Wave

HUI, NEM, and the XAU appear to have completed short term cycles late yesterday (began early on Friday 11-4, see 5 day Yahoo chart below), and, did an Elliot Wave A, B, C down, up down correction, which means that a short term upcycle probably began just before yesterday's close. 5 day Yahoo charts by the way are a highly useful tool I use daily to gauge short term and some times, nearing turning points, monthly cycles.

http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=