The Short Term Upcycle Since Last Thursday's 5-7% Mini Crash
Is rolling over flattening out, see
http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c= , so, it may have peaked today. The NEM Lead Indicator was +0.41% today vs the XAU today, but narrowed toward session's end, which points to weakness early tomorrow. This is/should be the monthly downcycle (since 4-19) for HUI/NEM/XAU beginning relatively flat. The gold/silver stock market is sucking in the dumb money and should shortly (next few weeks) crush them. ....... http://www.JoeFRocks.com/
http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c= , so, it may have peaked today. The NEM Lead Indicator was +0.41% today vs the XAU today, but narrowed toward session's end, which points to weakness early tomorrow. This is/should be the monthly downcycle (since 4-19) for HUI/NEM/XAU beginning relatively flat. The gold/silver stock market is sucking in the dumb money and should shortly (next few weeks) crush them. ....... http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
1:10 PM
1 Comments:
I deleted the first comment because she said that before and I answered it yesterday. My SYSTEM never turned bearish on the monthly cycle until LAST week. I was simply looking for a deeper Wave 4 short term downcycle.
By
Joe Ferrazzano, at 6:39 AM
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