The NEM Lead Indicator = +0.08% Vs The XAU Today

The NEM Lead Indicator = -0.03% vs the XAU yesterday, was a bullish +0.80% vs the XAU on 4-5, was a bullish +0.39% on 4-4, a very bearish -2.26% on 4-3, and a bearish -0.87% vs the XAU on 3-31. HUI/XAU are in the Wave 4 short term downcycle since yesterday's wave 3 cycle high, and, NEM is in the Wave 5 short term upcycle. A very sharp decline has probably begun which will correct the big Wave 3.

There's been a lot of NEM sell interest at Lycos Thomson I Watch the past few days: http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NEM&range=7&mgp=0&i=3&hdate=&x=13&y=5 Also, the Gold Commercial Traders were aggressive shorters last week and sold a significant % of their long position, which points to substantial weakness next week. See 5 day chart: http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= .......... http://www.JoeFRocks.com/