The NEM Lead Indicator Was Bullish At +0.61% Today Vs The XAU

NEM outperformed by a wide margin of +0.61% today vs the XAU which portends significant and potentially substantial strength tomorrow. People have been asking me when I think this monthly upcycle Elliot Wave 5 short term upcycle will peak. I don't know any more than anyone else because at this point it's difficult to make an educated guess, but it doesn't appear like it will be tomorrow unless there's a very sharp spike move. NEM's previous monthly cycle high at 48.20 on 9-30-05 is well above it's close at 46.84 today, and, this monthly upcycle's cycle high should be well above the previous one at 48.20. You should be using cycle trendlines, and, when they flash sell (break down, 1% follow through for short term upcycles and 2% for monthly upcycles) you sell. I think there's at least 2 days left and maybe much more if NEM breaks above major resistance at 49.50ish. Ciao