NEM Lead Indicator = Bullish +1.40% Versus The XAU Today

The NEM Lead Indicator was a very bullish +1.40% versus the XAU today, so, some strength is likely (probably) early tomorrow. The monthly downcycle's (since 8-9) declining peaks downtrend line appears to have turned down and increased in strength/become more sharply declining, so, 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.

The prior eight weeks the NEM Lead Indicator was a very bearish -8.18% vs the XAU, and, so far this week it's -0.69% vs the XAU, for a total of -8.87% vs the XAU the past eight weeks and four days. 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/