...............................Some Thoughts

After the brief spike today HUI/NEM/XAU did a Wave A down followed by a B up and are in C down now, in which they should fill the downside gaps created at today's open: 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 Today's spike was the last gasp of the rebound following last Thursday's 5-7% mini crash, and, it's the monthly downcycle beginning relatively flat.

There's big time NEM sell interest today and there's been a lot of sell interest the past two weeks:
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NEM&range=0&mgp=0&i=2&hdate=&x=10&y=7

This should still be the monthly downcycle's Wave A down.