.............Big Picture Trade The Cycles Charts

See http://www.joefrocks.com/GoldStockCharts.html. The first chart from February shows that the Wave 5 long term upcycle was peaking, and, peaked on 5-11-06, which was a Wave 1 Cyclical Bull Market cycle high for the XAU and HUI. The second chart shows the US Dollar putting in a major cycle low and the third chart is the NEM Lead Indicator chart that reveals NEM dramatically leading to the downside months before the Wave 1 Cyclical Bull Market cycle highs for HUI/XAU. There are also annotated Trade The Cycles charts for HUI/NEM/XAU dated June 2 which show that Trade The Cycles nailed the very important Wave 1 Cyclical Bull Market cycle highs for HUI/XAU.

There shouldn't be much relief for longs until Wave A down of the Wave 2 Cyclical Bear Market (since 5-11-06 for HUI/XAU and since 1-31-06 for reliable lead indicator NEM) bottoms in the 100-110 range (XAU) in the next few weeks. For recent action see http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=. ....... http://www.JoeFRocks.com/