rabbitoh, the sentiment in the chart shown above got as low as...

rabbitoh, the sentiment in the chart shown above got as low as -25 three times in 2009 ... no lower. In 2010, it dropped to -67 twice. This year it's been to -115.

So gold metal prices going up and the stock prices going down is a three year divergence. It's not just the tsunami story and the Greece story this year.

John Hathaway published a good artcle last week called "A Golden Mulligan". In golf parlance, a ?mulligan? is a second chance to make good on a bad tee shot. It's a must read if you haven't already. In short he's saying mining equities represent the closest thing to an investment mulligan as we have seen. He discusses the factors that possibly/probably drove the divergence mentioned above.

Hathaway concludes it's poised 'on the cusp' as numerous threads on this board have discussed with HUI charts recently.