This is a classic example of a magnetic anomaly.
Magnetic Anomaly
Image courtesy of the Search for the Lost French Fleet of 1565 Expedition, NOAA-OER/St. Augustine Lighthouse & Museum. Download larger version (jpg, 432 KB).

This is a classic example of a magnetic anomaly. The flatline suddenly dips, dropping more than 30 gammas below ambient magnetism, and then shoots upwards before returning to normal magnetism.

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