NEM Underperformed The XAU By -0.31% Today

The major upcycle's (since 5-16-05) Wave 5 (see latest 1 year charts, http://www.joefrocks.com/GoldStockCharts.html ) may have begun today shortly after the XAU filled it's downside gap at 122.49 from 12-22. HUI/NEM/XAU are probably heading for a test of today's early cycle lows (in the next session or two) that might be the major upcycle's (since 5-16-05) Wave 4 cycle lows. HUI/NEM/XAU will put in higher cycle lows in the next few sessions if Wave 5 began today, but a 2% follow through buy signal is what Trade the Cycles uses for a Wave 5 minor intermediate term cycle buy signal and remember that many stocks cycles lag. See 5 day XAU chart: http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=m&q=b&p=&a=m26-12-9,p12,fs,w14&c= ....... http://www.JoeFRocks.com/