HUI/NEM/XAU Are In A Wave 5 Long Term Upcycle

Discussion in 'Stocks' started by JoeF_Rocks, Feb 21, 2006.

  1. See the second chart at I see no other interpretation than the one on the chart which indicates that HUI/NEM/XAU are in a Wave 5 long term upcycle since 5-10-04, which is the last Wave of the first cyclical Bull Market of the secular Bull Market/Very Long Term Upcycle that began in October 2000 for NEM/XAU and in November 2000 for HUI.

    Elliot Wave indicates that there will be 3 cyclical Bulls (Waves 1, 3, and 5) and two cyclical Bears (Waves 2 and 4) in the 15-20+ year secular Bull that began in late 2000 for HUI/NEM/XAU. So far there have been two long term cycle highs, one in May 2002 and another on Dec 2, 2003 for HUI/NEM and on Jan 6, 2004 for the XAU. They were waves 1 and 3 of the first cyclical Bull, hence this long term upcycle is Wave 5 of the first cyclical Bull and a 12-18+ month cyclical Bear Market corresponding to Wave 2 down of the secular Bull looms after long term cycle highs occur later this year.