The NEM Lead Indicator = -0.44% Vs The XAU Today

The extremely bearish NEM Lead Indicator this week (The NEM Lead Indicator turned very bearish on Monday at -2.26% vs the XAU, remained so on Tuesday at -1.69% and was also very bearish at -1.50% vs the XAU yesterday, so a substantial 10-15%+ decline is likely in the next few days.) and in this Wave B very short term upcycle since early Tuesday points to a substantial decline once Wave C 's Wave C very short term downcycle begins. It may have late today. The fact that the XAU came very close to it's upside gap from Monday at 140.51, with a session high today at 140.19, and failed to fill that upside gap, combined with a bearish NEM Lead Indicator again today, may mean that Wave C's Wave C began late today. Note that the NEM Lead Indicator was a bullish +0.75% Vs the XAU early today, correctly portending strength, as did the very sharp +5.55% rise in the XAU Put/Call Ratio, and XAU Implied Volatility, which revealed a significant rise in fear today.

See http://finance.yahoo.com/q/ta?t=5d&l=off&z=m&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=&s=%5Exau ........... http://www.JoeFRocks.com/