.....................Big Picture Elliot Wave Count

See the second chart at http://www.joefrocks.com/GoldStockCharts.html I see no other interpretation than the one on the chart which indicates that HUI/NEM/XAU are in a Wave 5 long term upcycle since 5-10-04, which is the last Wave of the first cyclical Bull Market of the secular Bull Market/Very Long Term Upcycle that began in October 2000 for NEM/XAU and in November 2000 for HUI. http://www.JoeFRocks.com/