RE:RE:RE:RE:RE:Volume One thing that is different in this rally than the other two is that this rally has a 21 cent 20 day moving average and a 21 cent 50 day moving average. Neither of the other two rallies even had a 20 day MA of 21 cents. That puts a different characterization on this rally over the others. The one in 2014 was speculative fever and flamed out quickly. The rally in 2015 was a bit more sustained but didn't stay over .20 very long either. However, MXI has had a 20 day MA of over .20 for about two months now. That indicates a lot of strength in this rally that should be sustained as long as POG remains over $1200.
The other difference is the 200 day MA during each rally:
2014 .06
2015 .12
2016 .18
Now that's a powerful trend and remarkably symmetrical. I wouldn't want to fight against it on the sell side and seeing another 50% rise would simply be part of the trend. Drill by drill, it pushes that trend upward.
MXI should breach .24 in the next few days and no doubt will attract technical traders who like breakouts. New 52 week highs always get lookie-loos.
You're right that this is largely a fundamental play. Find the gold and sell it. Simple business plan. However, trading will always be influenced by technicals which are really just the quantifying of investors' sentiments. If MXI does breach .24, we may very well see a big burst in volume and price.