@LineMarker well, your reasoning though sound overall, dismisses...

@LineMarker well, your reasoning though sound overall, dismisses the fact that POG is currently as I type at 1831. This means that Gold has made a momentum based breakout; check out Michael Oliver (olivermsa.com). Momentum based breakout is an early trigger to help us realise that a new bull market in Gold has started, which might not be confirmed on the price chart for a while yet. But I think by the time POG gets to 1910 and higher, RML will be trading higher too, most likely above 2c.

Yes, RML trend is pointing down, but POG trend is showing up. And POG is very important. Plus Dr.Copper wants to head higher too.

So personally, I think, we are at an inflection point, and all the majors, mediums, and small guys, including all penny dreadfuls, will start their march upwards, slowly at first, and then it will accelerate. Just like the Uranium sector, we will see Gold become the hot ticket soon enough. New all time high Gold prices are just around the corner. All we need is patience.