Conclusions -

A very aggressive bid is taking the place of the no bid scenario under the stock. They are calculating on the bearish wedge in the daily chart to accumulate millions of shares, should gold prices drop.

A volatile drop in gold prices is not in the cards because gold volatility is now trending lower.

But I would not rule out the possibility that the daily chart is showing a continuation pattern, rather than a bearish wedge, because the forward skew in the market may be making an ascending triangle look like something else. We could still be in the process of filling out a flag technical pattern, another form of continuation.

The top line aught to be exceeded once interest rates decline on a rally in bonds against stronger commodity prices.

-F6