The NEM Lead Indicator = +0.80% Vs The XAU Today

After being a bullish +0.39% yesterday, a very bearish -2.26% on 4-3, and a bearish -0.87% vs the XAU on 3-31. HUI/NEM/XAU benefitted today from a higher gold price target by Credit Suisse First Boston. HUI/XAU's Wave 3 short term upcycle is still peaking and NEM has entered the Wave 5 short term upcycle OR the monthly upcycle is peaking for HUI/XAU and NEM's has peaked and I missed Wave 5. I believe that a big Wave 3 short term upcycle is peaking for HUI/XAU, but I need to spend more time looking at their charts and NEM's. Either way I expect a very sharp decline soon. There's been a lot of 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 sellers last week and added significantly to their short position, which points to weakness soon.

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/