............A Monthly Cycle High Appears Imminent

For HUI/NEM/XAU and probably gold. The past few weeks COT data revealed that the gold Commercial Traders appeared to be anticipating a monthly cycle high, but, correctly anticipated strength last week and today. There was a lot of NEM sell interest at Thomson Lycos I Watch the past week+: http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NEM&range=7&mgp=0&i=3&hdate=&x=11&y=11, the 3 month NEM Lead Indicator is extremely bearish: http://finance.yahoo.com/q/ta?s=%5EXAU&t=3m&l=on&z=m&q=l&p=&a=&c=%5Ehui,nem, and Williams %R for HUI/NEM/XAU is at an overbought extreme near 0. But, the NEM Lead Indicator at +1.76% today points to more upside in HUI/XAU tomorrow, maybe after early weakness. It's very risky to be long on a monthly cycle basis. http://www.JoeFRocks.com/