Trade the Cycles

Thursday, March 23, 2006

The NEM Lead Indicator = +0.89% Vs The XAU Today

Which is a great sign. There was an early scare, with NEM and the XAU putting in a double bottom with their early Tuesday cycle lows (made slightly lower cycle lows today), but HUI, NEM, and the XAU should all be in a Wave 3 short term upcycle now, that may peak at about the time the Fed rate decision occurs next Tuesday. There tends to be a sell the news effect after Fed rate decisions. Yes they will raise another 0.25%. .......... http://www.JoeFRocks.com/

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