Trade the Cycles

Tuesday, September 05, 2006

The NEM Lead Indicator Was A Very Bearish -1.30% Vs The XAU Today

The NEM Lead Indicator was a very bearish -1.30% versus the XAU today, was a bearish -0.60% versus the XAU on Friday, and, was a very bearish -1.90% versus the XAU on Thursday, 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 eleven weeks and one day the NEM Lead Indicator is a very bearish -14.19% versus the XAU. I feel sorry for the Bulls because a vicious decline is likely in the very near future, similar to the one that occurred from 5-11-06 until 6-13-06 for HUI/NEM/XAU. ....... http://www.JoeFRocks.com/