SGR hit a high of $4.13 on December 2nd

Gold high on that day was ~$1214 USD

Now:

SGR @ $3.68 (down ~11%)

Gold @ $1133 (down ~7%)

Leverage to POG works, until it doesn't. I agree that 2.75 (range from 2.75 to 2.85) needs to hold if this leg up is going to continue. It does look like we may be completing some sort of corrective bounce off of a first wave down correction, which, if correct, implies more downside to come.