..................This Rebound Makes Sense Cyclewise

And all the indicators portended strength today, and, NEM and the XAU are filling upside gaps created at today's open. Assuming NEM hit a minor int term cycle high at 59.20ish yesterday, today's rebound after an early gap down/weakness makes sense because NEM's (and HUI's/XAU's) minor int term downcycle should start out relatively flat. HUI and the XAU probably hit minor int term cycle highs on Monday, which seems weird that they would peak before reliable lead indicator NEM, BUT, remember that NEM bottomed after they did on 11-4-05 vs 10-20-05, due to the PDG bid by ABX, which knocked NEM down very sharply after it appeared to bottom on 10-20-05, because it was seen as a likely bidder.