The NEM Lead Indicator Was A Bullish +0.84% Vs The XAU Today

The NEM Lead Indicator was a bullish +0.84% versus the XAU today, which jives with the likely short lived rebound I discussed earlier today (may peak on Monday), was a neutral/slightly bullish +0.08% versus the XAU yesterday, was a very bearish -0.91% versus the XAU on Wednesday, was a very bearish -1.30% versus the XAU Tuesday, was a bearish -0.60% versus the XAU on Friday 9-1, and, was a very bearish -1.90% versus the XAU on Thursday 8-31, see the 5 day NEM Lead Indicator chart http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=m&q=l&p=&a=&c=%5Ehui,nem.

The past twelve weeks the NEM Lead Indicator is a very bearish -14.18% versus the XAU. A vicious multi week decline, similar to the one that occurred from 5-11-06 until 6-13-06 for HUI/NEM/XAU, probably began on Wednesday for HUI/XAU and on Tuesday for reliable lead indicator NEM. ....... http://www.JoeFRocks.com/

HUI NEM XAU