Trade the Cycles

Saturday, February 23, 2008

Check Out The Extremely Bearish NEM Lead Indicator

Check out the extremely bearish NEM Lead Indicator in the three month chart, see http://finance.yahoo.com/q/ta?s=%5EXAU&t=3m&l=off&z=l&q=l&p=&a=&c=%5Ehui,nem.

The NEM Lead Indicator is extremely bearish in February, at -0.84% on 2-22, -1.53% on 2-21, -0.53% on 2-20, +0.46% on 2-19, -1.65% on 2-15, -0.03% on 2-14, +0.08% on 2-13, -1.79% on 2-12, -1.18% on 2-11, -1.51% on 2-8, +0.75% on 2-7, -0.21% on 2-6, +1.08% on 2-5, -1.99% on 2-4, -0.97% on 2-1.

The mindless gold cheerleaders, gold pumper nitwits, and babbling senile gold pimps are about to be put out of their misery.

The NEM Lead Indicator was a bearish -0.84% versus the XAU on Friday 2-22, and, the five day NEM Lead Indicator is extremely bearish, see http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=l&q=l&p=&a=&c=%5Ehui,nem.

....... http://www.JoeFRocks.com/ .

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