NEM Is Trying To Fill It's Upside Gap At 58.85 From 1-18

and appears to have failed again with a peak so far at 58.77, but the Fed's massive $23 Billion in Repos today on top of a massive $50.50 Billion the week ending yesterday is fueling index fund traders, which has caused HUI and the XAU to make higher Wave 3 cycle highs today. NEM's peak above 60 on 1-17 appears safe even with the massive punch spiking by the Fed. Ciao http://www.JoeFRocks.com/