The NEM Lead Indicator = -0.28% Vs The XAU Today
And became negative near session's end, 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. It looks like NEM and the XAU will fill the upside gaps they created at today's open at 52.15 and 142.60 early tomorrow, then some brief weakness should set in.
Wave B's Wave 2 down for HUI/XAU probably bottomed today, so Wave B's Wave 3 up is probably in effect. 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. ....... http://www.JoeFRocks.com/
Wave B's Wave 2 down for HUI/XAU probably bottomed today, so Wave B's Wave 3 up is probably in effect. 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. ....... http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
1:14 PM
