NEM Outperformed The XAU By A Bullish +0.38% Today
The NEM Lead Indicator is very bullish now at +1.46% yesterday vs the XAU and +0.38% today on top of +1.06% last week, which, combined with HUI and the XAU's very sharp volatility spikes that began yesterday and ended early today, points to a sharp rebound tomorrow and possibly even a test of yesterday's cycle highs in the next day or two. I didn't buy Call Options because trading long is very risky right now. The sharp rise could be a very brief spike followed by a plunge tomorrow. From a short term cycle perspective it's risky trading Puts, so I'm in cash now. One needs to wait for the monthly cycle high to clearly be established, and the NEM Lead Indicator is very bullish combined with the very sharp volatility spikes indicate that trading short is far too risky short term. Ciao.
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