The NEM Lead Indicator = -1.06% Vs The XAU Today

After being an extremely bearish -6.12% last week. NEM filled downside gaps at 51.59 from 12-28 and at 50.45 from 12-22 today and the XAU filled it's downside gap at 133.35 from 3-1 today. NEM has downside gaps to fill at 48.75 from 12-7, and, the XAU has downside gaps to fill at 128.03 from 1-3, at 124.36 from 12-28, and at 122.49 from 12-22. Shortly after NEM fills it's downside gap at 48.75 from 12-7 and the XAU fills it's downside gap at 122.49 from 12-22 Wave 4 should bottom. Based on that and the latest major upcycle trendlines (see latest 1 year charts, http://www.joefrocks.com/GoldStockCharts.html ) my Wave 4 cycle low target ranges are 255-265 for HUI, 47-49 for NEM, and 117-122 for the XAU.

............See 5 day XAU chart for this today's action: 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/