The Monthly/Minor Intermediate Term Downcycle's Elliot Wave B Short Term Upcycle Has Peaked

HUI, NEM, and the XAU have put in lower (and therefore are) Elliot Wave B short term cycle highs early today, which establishes that a monthly downcycle has been in effect since 12-12 as expected. The sharp declines today are a sign that the short term cycle has turned down. I'll wait for a rebound, and, assuming NEM is underperforming the XAU by a wide margin (> -0.50% or close to that at least), I'll look to buy XAU Puts today. Ciao