NEM Lead Indicator = -0.11% Vs The XAU Today
And became bearish in the last two hours: http://finance.yahoo.com/q/ta?s=^XAU&t=1d&l=on&z=m&q=l&p=&a=&c=^hui,nem HUI, NEM, and the XAU may have hit very short term cycle highs near session's end or one is probably imminent, so, a good buying opportunity should present itself in the next day or two.
HUI, NEM, and the XAU hit 2% follow through Wave 5 minor intermediate term cycle buy signals today, thanks in large part to a firm S & P 500 (SPX) which led to index fund buying. ....... http://www.JoeFRocks.com/
HUI, NEM, and the XAU hit 2% follow through Wave 5 minor intermediate term cycle buy signals today, thanks in large part to a firm S & P 500 (SPX) which led to index fund buying. ....... http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
1:18 PM
4 Comments:
Looks like the TIC report speculation is trumping the short term cycle -- for now.
By
Jeff, at 7:26 AM
Jeff,
Monthly upcycle Wave 1 spike peaks probably occurred shortly after the open.
By
Joe Ferrazzano, at 7:36 AM
Not sure about today, but NEM looks technically very ill right now, and RGLD jumped all the way out of its channel creating a gap that won't last forever.
By
Jeff, at 7:51 AM
Jeff, just the monthly upcycle's Wave 2 down for NEM.
By
Joe Ferrazzano, at 9:41 AM
Post a Comment
<< Home