The NEM Lead Indicator Was a Very Bullish +1.29% Vs The XAU Today

The NEM Lead Indicator was a very bullish +3.54% vs the XAU last week. So, a substantial rebound is likely over the next few weeks, and, cycle highs should occur for HUI/XAU such that their Cyclical Bear Market downtrend lines begin relatively flat, as NEM's did after it peaked on 1-31-06. Thursday 6-8 was probably the bottom for this ABC downcycle (probably Wave A down of the Wave 2 Cyclical Bear Market's Wave A down), that is also probably the start of an 18-24 month Cyclical Bear Market, so this isn't really a correction because it's probably the start of an 18-24 month downtrend/Wave 2 Cyclical Bear Market. For recent action 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. Notice how closely the XAU tracked SPX (S & P 500) recently: 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. ....... http://www.JoeFRocks.com/