Trade the Cycles

Thursday, March 16, 2006

NEM Underperformed The XAU Late In The Session

But outperformed by +0.56% today, so some strength is likely tomorrow, which could come after a gap down and early weakness.

The Monthly Upcycle's (Since 3-10) Wave 1 has probably peaked and the XAU has a downside gap at 130.25 created at yesterday's open that will probably be filled tomorrow. Fed Credit for the week ending 3-15 will be released at about 4:30 EST http://www.federalreserve.gov/releases/h41/ See latest charts:
http://www.joefrocks.com/GoldStockCharts.html . ...................... http://www.JoeFRocks.com/

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