Gold is down some $16 today and NEM is hardly down holding the break of the downtrend channel. The most recent impulse leg took out two important prior peaks and I see this to just under $42 on next move. Volume picking up and 20 day coming up through 50 day and 100 day. Looks like 50 day wants to cross back above the 100 day as well. Still has room in MACD and RSI. NEM has been in a very tight consolidation. I expect this to lead the next leg higher.