The NEM Lead Indicator = -0.34% Vs The XAU Today

The NEM Lead Indicator = +0.10% vs the XAU on 5-5, was -1.00% vs the XAU on 5-4, -1.53% vs the XAU on 5-3, -1.46% vs the XAU on 5-2, -1.20% vs the XAU on 5-1, and -1.10% vs the XAU on Friday 4-28. The NEM Lead Indicator has been very bearish recently which points to a very sharp decline this week.The monthly cycle probably peaked Friday 5-5 for the XAU, Wednesday 5-3 for HUI, and on Monday 5-1 for NEM. HUI/NEM/XAU are in a Wave A short term downcycle. Fed Credit rose +$2.991 Billion in the WE 5-3 which is probably factored in to HUI/NEM/XAU since their monthly cycles have probably peaked: http://www.federalreserve.gov/releases/h41/Current/ See 5 day chart for recent action: 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= . ....... http://www.JoeFRocks.com/