See the second chart at http://www.joefrocks.com/GoldStockCharts.html I see no other interpretation than the one on the chart which indicates that...
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HUI, NEM, and the XAU appear to have put in Elliot Wave 3 minor intermediate term cycle highs this week for the major intermediate term upcycle...
Unless you understand what a market's cycle trendlines/channels are you can't consistently (key word) time it. For example, HUI, NEM, and the XAU...
HUI, NEM, XAU have been in Long Term Upcycles Since May 10, 2004. After May 16, 2005's major intermediate term cycle lows, where HUI, NEM, XAU all...
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