Gold stock sentiment indicator.
The sector is still reluctant to trust the current move in POG.
Relatively tentative moves in stock prices but least they are going in the right direction.
As far as sentiment goes this is not a bad thing because it will give the junior sector the opportunity to base and recover. Once juniors move sentiment will probably top out fairly quickly.
Resistance at around $1,850 is a significant obstacle and may take several attempts to break through. When this happens there will probably be a bit of selling until the breakout. A good opportunity that I will use for rebalancing.
Here is the indicator. Still treading water.
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