I don't know if anyone actually trades this, but I've been holding some bags on this piece of crap for a couple of years (don't ask) and check in on it from time to time.
It's been trading in a decent range for the past 6 months (give or take) and recently put in a new low at $0.66, creating a very mild Bullish Divergence. Its Correlation Coefficient to gold is currently near 0, but historically oscillates closer to 1 (as you'd probably guess).
This is not a prediction, and certainly not a trade recommendation, but if inflation keeps running hot and gold advances over the coming months, maybe this can catch a bid and head back up near $1 or higher. Alternatively, if there's follow through with the selling, I'd guess it will be trading sub $0.50 in short order.
Take all this with a massive grain of salt, and proceed with caution.
It's been trading in a decent range for the past 6 months (give or take) and recently put in a new low at $0.66, creating a very mild Bullish Divergence. Its Correlation Coefficient to gold is currently near 0, but historically oscillates closer to 1 (as you'd probably guess).
This is not a prediction, and certainly not a trade recommendation, but if inflation keeps running hot and gold advances over the coming months, maybe this can catch a bid and head back up near $1 or higher. Alternatively, if there's follow through with the selling, I'd guess it will be trading sub $0.50 in short order.
Take all this with a massive grain of salt, and proceed with caution.