Looking at the SP behavior, it seems to have hit that 200 day moving average and then come off a bit. This may happen a few times through the spring and summer. If its to happen, I would not expect a move to indicate a break out until the late summer early fall.

The PDAC is over the drills are on targets and drilling for the spring/summer so a quiet or consolidation period is expected as usaul. This could be part of the Syaing "Sell in May and go away". I do not fully subscribe to this but for the gold and minning sectors, it does seem to hold some water.

Cheers

Fish

P.S. One could consider using the dips to add to their position and lower their average cost.