......................This Week's Charts Are Available

At http://www.joefrocks.com/GoldStockCharts.html . See NEM's 5 day chart found dated 12-30 that shows it's short term and minor int term upcycle may have peaked. There's also a relative 5 day chart for SPX, HUI, NEM, and the XAU. Notice in the 5 day chart that shows SPX, HUI, NEM, XAU relative performance that NEM outperforming (SPX index funds buying NEM) the XAU leads to strength and underperforming (SPX index funds selling NEM) leads to weakness. Notice that NEM tends to outperform when SPX trends up and underperform when SPX trends down. This is because SPX leads most indices and drives index fund trading because it's the 800 lb gorilla of indices. HUI and the XAU's latest 1 year charts are found toward the bottom. In HUI's 1 year chart dated 12-30 found near the bottom, notice how similar this minor int term cycle is to the prior one, though more post sell signal strength occurred after the latest sell signal because the major int term upcycle is increasing in strength. Ciao.