RE:needle movementI think the needle is really starting to move. For the past two weeks, even in the face of gold and silver getting beaten up yet again plus the headwind of tax loss selling, the miners have been putting on this Elmer Fudd ( " be vewwy quiet, we hunting wabbits" ) rally, and most of them are showing some serious accumulation. The sentiment is almost as bad as the bottom in December 2015, and you'll surely recall the rally that started in Jan '16 and ran to the middle of summer that year.
This could be even better because of the growing spectre of 70's-style stagflation, or worse!