via- Bloomberg

Canada Profit Decline Seen In Worst Market Since 1998

"The Standard & Poor’s/TSX Composite Index (SPTSX) dropped 1 percent this year, compared with a 7.9 percent gain for the MSCI World Index. The gap is the biggest over similar periods since 1998, according to data compiled by Bloomberg. The performance in Canadian shares this year has trailed all of the world’s 24 developed markets, except for Greece, Italy, Spain and Portugal."

So, let me re-iterate what I have been saying for some time now, that stocks are in an equity bear market and long term generational inflationary depression since 2000. That means that stock returns will underperform inflation for the long term.

What is unnacceptable from the GBN.V management is that they continue to spout homilies about creating shareholder value from the bible of share price gains and that we should glibly be paid off in common platitudes as an acceptable return on our investment in their company.

I say they should be paying dividends because of their overwhelming free cash flow after costs due to the high gold price, and that this will be an acceptable return for shareholders.

Bloomberg News

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http://scharts.co/Oz8ZAz

-F6