Very Important, Reliable Lead Indicator NEM Breakaway Gap Watch!

Reliable lead indicator NEM may have experienced a major breakout today, if it's large gap up at the open from 45.27 to 46.25 is a long term breakaway gap. The implications of this, if true, are huge. IF reliable lead indicator NEM has broken away from 45.27 long term (meaning that it shouldn't fall to 45.27 for many years if ever, since a 15-20 year Secular Bull/very long term upcycle is in effect since October 2000 and a 5 yearish Wave 3 Cyclical Bull Market is in effect since 10-4-06, see chart 4 at http://www.joefrocks.com/GoldStockCharts.html) then HUI and the XAU have probably begun a 5 yearish Wave 3 Cyclical Bull Market on 6-13-06 for HUI and on 10-4-06 for the XAU. They both put in potentially bullish double bottoms on those dates, which is another good indication that, if reliable lead indicator NEM has broken away from 45.27 long term as opposed to short term (days/weeks), then HUI/XAU are very likely to be in a 5 yearish Wave 3 Cyclical Bull Market.

If reliable lead indicator NEM fills today's downside gap at 45.27 in the next few days/weeks, then all bets are off/I have to remain bearish and assume that HUI/XAU are still in a Wave 2 Cyclical Bear Market since 5-11-06, see the first chart at http://www.joefrocks.com/GoldStockCharts.html. NEM's Wave 2 Cyclical Bear Market that began on 1-31-06 ended on 10-4-06 at 39.84, so, reliable lead indicator NEM is probably in a 5 yearish Wave 3 Cyclical Bull Market since 10-4-06, see chart 4 at http://www.joefrocks.com/GoldStockCharts.html. ....... http://www.JoeFRocks.com/

HUI NEM XAU