The Bear Trap Has Just Snapped Shut

In concluding the deal with Waterton, GBN.V has signed on a buyer that will pay cash for bullion. This is much better than receiving receipts or i.o.u.s from the bullion banks. Should a market calamity occur now, Waterton will continue to pay for ounces produced, and market them aggressively for a premium. (In $CDN, please.)

When financials are finally released after more than a year of waiting, the true picture of GBN.V will emerge through the stultifying fog of IFRS accounting. Moreover, the bear trap has just snapped shut on sell-side brokers anxious to pummel the stock and make immediate gains in corporates or treasuries, or what-have-you.

Bear traps are awful vicious-looking. Gives me the willies just thinking about it.

http://ow.ly/cJ6Jx

-F6