NEM Underperformed The XAU Late In The Session

Leading to the downside, as can be seen at http://finance.yahoo.com/q/ta?s=^XAU&t=1d&l=on&z=m&q=l&p=&a=&c=^hui,nem NEM outperformed the XAU by a miniscule +0.01% today. -15-20% declines in HUI/NEM/XAU may occur next week if my Wave 4 cycle low target ranges are accurate. When NEM outperforms the XAU by over +1.00% in a session or two's time that will be a sign that an important Wave 4 cycle low is probably imminent, meaning that it'll probably occur in a day or two. The more substantial the correction the more the lag time between the NEM Lead Indicator and the cycle low would tend to be, but the lag time shouldn't be much more than a session or two. The COT data points to strength and weakness next week, with most of the metals strength probably occurring during yesterday's Wave B up, because the data is three days old when released. http://www.JoeFRocks.com/