Gold Stock Charts

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Joe F. Rocks!
Growth Stock Investor & Market Strategist

Joe F. Rocks! Gold/Silver Stock, Gold, USD, NDX, and SPX Trade the Cycles Charts updated 9-21-09 (added first chart)

One must have a good grasp of cycle channels/trendlines, used in concert with Elliott Wave patterns and gaps, in order to assess a market's timeliness. See the Trade the Cycles charts below. Cycle channels/trendlines, used in concert with Elliott Wave patterns and gaps, are the basis/crux of my "Trade the Cycles" market timing system (candlestick charts are a very important tool). Please see the annotated charts below. See the Trade the Cycles Blog for the latest HUI/NEM/XAU assessment, it's usually updated each trading day.

Long term cycle highs occurred for the XAU and HUI on May 11, 2006 at 171.71 and 401.69 respectively. Long term and a Wave 1 Cyclical Bull Market cycle high occurred for reliable lead indicator NEM at 62.72 on 1-31-06. Reliable lead indicator NEM is probably in a Secular Bull Market/very long term upcycle (probably 15-20 years) since October 2000. HUI began a Secular Bull Market/very long term upcycle (probably 15-20 years) in November 2000 (the chart's about 10 charts down), and, the XAU began a Secular Bull Market/very long term upcycle (probably 15-20 years) in October 2000.

The NEM lead indicator chart acts as an early warning system. Reliable lead indicator NEM dramatically underperformed HUI and the XAU for a few months before the Wave 5 long term upcycle peaked on 5-11-06, correctly indicating that the Wave 5 long term upcycle that began on 5-10-04 was in trouble. During the last few months of the prior Wave 3 long term upcycle (from July 26, 2002 until 12-2-03 for HUI/NEM and until 1-6-04 for the XAU) NEM underperformed HUI/the XAU, correctly portending that the previous long term cycle would turn down.