unhedged newmont in downtrend vs physical gold, page-4

It has been going down vs gold for 2 years now stolwyk that is at least an intermediate downtrend, no? Of course you will reply that it is up since 2001 which is true, while I can go back to 1996 and say it is down, you will then point to a rising 200dma on the weekly while I point to it falling on the daily, and on and on. The point being the gold shares have not been able to break convincingly to new highs while gold has risen $140, why.