NEM Outperformed The XAU By +1.80% Today

On top of yesterday's +0.12% and Monday's +1.27% versus the XAU. So, the NEM Lead Indicator is very bullish which is a great sign once the Wave 4 minor int term downcycle since 1-31-06 bottoms, which probably isn't until there's another 10-20% of downside and HUI, NEM, and the XAU reach their major upcycle trendlines, currently at 250, 47, and 112. See http://www.joefrocks.com/GoldStockCharts.html for the latest 1 year charts that show the major upcycle trendline. It's possible that those trendlines will turn up, so Wave 4 may bottom above the current major upcycle trendlines. Wave C's Wave B peaked early today (of the major upcycle's (since 5-16-05) Wave 4 down) so Wave C's Wave C has begun. Wave C's Wave C is the sharply declining phase of the sharply declining phase, which means that a huge decline should occur during the next week or so. http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= http://www.JoeFRocks.com/