It's a travesty.
It was slammed down below the 200-day moving average in the mid-December capitulation.
It stuck its head back up above the 200 - perhaps in sympathy to the bullion advance and "hello Santa".
Now, for the last week, it has submerged again.
There's poor market sentiment, for sure. But it's still a strange chart to me.
However, there's a dome pattern there on the MLI chart. It resembles the dome pattern described by Clive Maund in Q3 when calling an imminent breakout for gold.
this is a gold stock too, page-3
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