Agoracom: Small Cap Investment - Golden Band Resources - Re: Charts & Comments

Welcome To The Golden Band Resources HUB On AGORACOM

Saskatchewan's SECRET Gold Mining Development.

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Fran Six

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Re: Charts & Comments - Today's Action

in response to

Re: Charts & Comments - Brent Cook

Fran Six

posted on Jul 24, 2012 01:45PM

Today's Action

GBN.V is back at the previous 17¢ low for now. Any time some new low or decline in the stock occurs, its time to look up U.S. government bond yields. Yields in government bonds are at historical lows, thus GBN.V share price declines.

The inverse correlation with TLT is near perfect. Have a very close look at the trades on Stockwatch. 17¢ per share means the market is trading the stock for the total margin over costs, or below its asset value, or with no gold in the ground.