[pcabc]

Gold v Gold Miners:

This is an interesting one.  The gold price in GBP is much stronger than it is in USD owing to £/$ movement recently. The breadth sata is based on a set of miners in a number of exchanges, so priced in a number of different currencies. 

The price [1] is in a pullback.  Who knows where it will go next?  It looks like it may find support here?  But it might not.

New Highs minus New Lows [3] has recently dipped below zero, but the cummulative line [4] remains above its 100 day SMA, but has turned down as a result of [3].

The % stocks above the 20, 50 and 200 day EMAs [11, 12 & 13] has dipped dramtically, wohth hints it might be turning up, but only small hints.  However, the Silver Cross and Gold Cross Indicies [14 & 15] have both turned down and show no such sign of recovery.  They are both below their EMAs which are also slopped down.  This is a negative sign in both the medium and long terms.  I'd expect that we'd need to see a dramtic upswing in gold price followed by the miners for this to improve.