The NEM Lead Indicator = -0.08% Vs The XAU Today

And became negative near session's end, with NEM leading to the downside, as evidenced by the narrowing of the performance gap between NEM and the XAU: http://finance.yahoo.com/q/ta?s=^XAU&t=1d&l=on&z=m&q=l&p=&a=&c=^hui,nem. Wave B's Wave 2 down for HUI/XAU began yesterday and should go parabolic tomorrow, with a sharp decline and downside gap filling action likely. See 5 day XAU chart: 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 XAU has downside gaps at 140.44 from 5-31 and at 135.54 from 5-25 that may get filled in the next few sessions and has a downside gap at 130.03 from 3-24 that shouldn't get filled until Wave C. NEM has downside gaps at 51.40 from 5-31 and at 49.53 from 5-25 that may get filled in the next few sessions. ....... http://www.JoeFRocks.com/