The NEM Lead Indicator = +1.10% Vs The XAU Today

HUI/XAU may have hit a short term cycle low mid session today (reliable lead indicator NEM late yesterday) since HUI did an ABC down up down pattern since hitting a short term cycle high yesterday, see http://finance.yahoo.com/q/ta?s=%5Ehui&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=, and, the XAU put in a double bottom today with yesterday's cycle low, 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. Given the very bullish NEM Lead Indicator = +1.10% vs the XAU today it's likely that HUI/XAU hit a short term cycle low mid session today (reliable lead indicator NEM late yesterday).

The Monthly Upcycle began early on Monday 7-24 and a 2% buy signal occurred on Tuesday 7-25. ....... http://www.JoeFRocks.com/