NEM Outperformed The XAU By A Very Bullish +1.46% Today

The XAU closed up an "impressive" +0.033% today! It made an impression alright. There should be a sharp rebound tomorrow that, if lower cycle highs occur than today's, will potentially be a shorting opportunity, but it's very risky to trade in either direction now (long or short) since the monthly cycle is in the flat/sideways topping area, zig zagging like crazy. It's obviously better to let the monthly cycle (HUI, NEM, XAU) resolve itself to the downside before trading short or trading puts. NEM had enormous volume of 20.425 million shares today which is the most since early 2002 when NEM had a session with over 30 million shares, according to ASK Research's chart. Ciao