The NEM Lead Indicator = -1.53% Vs The XAU Today
The NEM Lead Indicator = -1.46% vs the XAU yesterday. The NEM Lead Indicator = -1.20% vs the XAU on Monday. The NEM Lead Indicator = -1.10% vs the XAU on Friday. So, a sharp decline in HUI/NEM/XAU is likely tomorrow. The NEM Lead Indicator has been very bearish the past 4 sessions which points to a very sharp decline during the next few days.
The monthly cycle probably peaked today for HUI/XAU and on Monday for NEM. HUI/NEM/XAU are probably in a Wave A short term downcycle. Fed Credit fell -$3.555 Billion in the WE 4-26 which portends a sharp decline this week: 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/
The monthly cycle probably peaked today for HUI/XAU and on Monday for NEM. HUI/NEM/XAU are probably in a Wave A short term downcycle. Fed Credit fell -$3.555 Billion in the WE 4-26 which portends a sharp decline this week: 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
1:08 PM
