The NEM Lead Indicator = ~ -1.00% Vs The XAU Today
The XAU's closing value isn't available, but the NEM Lead Indicator was probably -1.00%+ vs the XAU today, -1.53% vs the XAU yesterday, -1.46% vs the XAU on Tuesday, -1.20% vs the XAU on Monday, and -1.10% vs the XAU on Friday 4-28. So, a sharp decline in HUI/NEM/XAU is likely tomorrow. The NEM Lead Indicator has been very bearish the past 5 sessions which points to a very sharp decline during the next few days.The monthly cycle probably peaked today for XAU, yesterday for HUI, and on Monday for NEM. HUI/NEM/XAU are probably 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/
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/
posted by Joe Ferrazzano at
1:40 PM
