Trade the Cycles

Monday, August 14, 2006

NEM Lead Indicator = +0.05% Versus The XAU Today

After being a bearish -0.50% vs the XAU early in the session, and, it appears that HUI/NEM/XAU will start to bounce toward the top of their monthly downcycle channels the next few sessions. The NEM Lead Indicator has been positive the past four sessions at +0.05% versus the XAU today, +0.28% versus the XAU on Friday, +0.59% versus the XAU on Thursday, and +0.69% versus the XAU on Wednesday. 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/