Trade the Cycles

Monday, March 27, 2006

The NEM Lead Indicator = -0.73% Vs The XAU Today

After being a very bearish -2.14% vs the XAU on Friday. The NEM Lead Indicator suggests that the XAU could fill it's downside gap at 133.40 from today's open in the next day or two and NEM has a downside gap at 49.46 from today's open. HUI, NEM, XAU's Wave 3 short term upcycle may have peaked today: 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/

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