.......NEM Outperformed The XAU By +0.64% Today

Early weakness followed by strength appears likely next Tuesday. NEM may have finally hit a minor int term cycle high today and has downside gaps at 51.59, 50.45, and at 48.75 that should get filled in the near future. Once again SPX was a major factor today and appears to be a lead indicator for gold/silver stocks and is probably the reason why NEM is such a reliable lead indicator for HUI/XAU. Ciao