The NEM Lead Indicator = -0.33% Vs The XAU Today

After being -0.56% vs the XAU yesterday. Much of today's strength occurred during the gap up at the open, thanks to the Fed's usual Thursday punch spiking: http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE.

The Wave 4 Short Term Downcycle appears to have begun less than an hour into today's session (see 5 day chart below). In the Wave 4 short term downcycle the NEM and XAU will probably fill some of their recently created downside gaps: The XAU has downside gaps created at today's open at 138.84, at 134.17 from 3-29, at Monday 3-27's open at 133.40 and one at 3-24's open at 130.03, and, NEM has one at 51.49 from today's open, at 49.46 from 3-27 and one at 49.24 from 3-24. See 5 day chart: http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= .......... http://www.JoeFRocks.com/