The NEM Lead Indicator Was A Very Bullish +0.96% Vs The XAU Today
So, there should be a very sharp rebound (probably early) tomorrow. HUI, NEM, and the XAU's 5-7% mini-crash today had Elliot Wave ABC patterns (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), which also points to early strength tomorrow, and, the Fed spiked the punch as they always do on Thursday, but not as much as they normally do, see http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE. ....... http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
1:29 PM
2 Comments:
GDP is a backward calculation. It will go up because inflation is understated, and real GDP = nominal GDP minus STATED (read BS) inflation. If actual inflation is 5% more than stated inflation, it will make stated "real" GPD figures look 5% higher than they are. This is what has been going on the last two years, while we have been in a recession that nobody recognizes.
By
Jeff, at 7:24 PM
NEM earnings were a non event. The expected rebound is occurring.
By
Joe Ferrazzano, at 6:58 AM
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