The NEM Lead Indicator Was A Bearish -0.59% Vs The XAU Today

So, there should be more weakness tomorrow, which makes sense since this is the Wave A short term downcycle of the monthly cycle. HUI and the XAU's sharp rebound today (preceded by a Wave C down) had Elliot Wave 12345 patterns that were followed by an A down and a B up, but were in C down at session's end, which points to weakness at Tuesday's open (see http://finance.yahoo.com/q/ta?t=5d&l=off&z=m&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=&s=%5Exau). The Fed spiked the punch as they always do on Thursday, but not as much as they normally do, and Friday's & today's were relatively modest, see http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE. ....... http://www.JoeFRocks.com/