The NEM Lead Indicator Was a Slightly Bullish +0.10% Vs The XAU Today

But the gap narrowed late in the session, with NEM peaking early in the session while the XAU peaked late, so early weakness is likely on Tuesday. Wave B up began on Monday 5-22 for HUI/XAU, see 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, with the XAU's cycle low on Monday 5-22 at 133.17 forming a near perfect double bottom with Wednesday's cycle low at 133.19, and, HUI also has a double bottom.

Notice how closely the XAU tracked SPX (S & P 500) again today: http://finance.yahoo.com/q/ta?t=5d&s=%5EXAU&l=off&z=m&q=c&a=m26-12-9&a=p12&a=fs&a=w14&c=&c=%5EGSPC. The NEM Lead Indicator was a slightly bullish +0.10% vs the XAU today, was a bullish +0.29% vs the XAU yesterday, was a bullish +0.79% vs the XAU on Wednesday, a bearish -1.04% vs the XAU on Tuesday, and, was a combined bullish +1.20% the prior two sessions. ....... http://www.JoeFRocks.com/