RE:IPTDEEP BREATH, BUDDY!......
There you are...... Look at the volume on this lately. Low volume means SP drifts lower, no matter the company or the industry.
Now if this was tanking on record volume, that's a different story. Drifting like this is just that,,, drifting. With low nominal prices, one penny means several % points. Still just a penny, my friend.
Don't look again until gold price is over $1300, heck hold out until $1400 and you'll give yourself one hell of a Christmas Eve surprise. (yes, that's where we're still headed. Gold bounced exactly off of multiple fibs and massive support levels at $1245-$1250 and just go back and look at the price action since last Friday.
Elliot Wave 3 was launched on October 7. Technicals like these never lie.
TundraScott