GDXJ Daily

GBN.V appears to be bouncing back behind the GDXJ daily chart, by about four months.

supersize:

http://www.flickr.com/photos/11747277@N07/8081475929/sizes/l/in/photostream/

http://scharts.co/X33xet

GBN.V Daily

On the daily linear scale chart, the recent breakout of a down channel was backtested. This is to be confirmed by the weekly chart:

supersize:

http://www.flickr.com/photos/11747277@N07/8081485194/sizes/l/in/photostream/

http://scharts.co/SqZwln

via Safehaven.com Jordan Roy-Byrne

This article says that there is a strong probability of gold advancing against stocks, and suggesting that a downturn in stocks could be accompanied with a decline in bond prices.

"Gold is nearly a full 13 years into its bull market while the gold stocks are close to a full 12 years into the bull market. The public participation and bubble phase in a bull market develops as the bull market begins to outperform all asset classes. Over the long-term, Gold has crushed and stocks and bonds. Yet, those conventional assets have performed quite well in the last 18 months. Over the coming months, Gold is likely to challenge its all-time highs while equities continue a topping process. Furthermore, as Gold breaks out to new highs and inflationary fears emerge, capital will move out of fixed income and into Gold and gold shares."

SafeHaven

via Bloomberg - Robert Cohen, Dynamic Mutual Funds

Mr. Cohen points out the difficulty of owing bullion for mutual fund purposes, and suggests that investors place their money in gold mining mutual funds. Should gold prices become fixed due to policy changes and necessity(as has been suggested), then gold mining stocks will be able to assume a fixed price for production.

Bloomberg Video

http://scharts.co/QSo1FI

via INO.com

Brock Salier says that gold miners accessed their higher grade prospect first to get into production, then resorted to lower grades once that was completed:

http://www.ino.com/blog/2012/10/brock-salier-unlocks-the-secrets-of-gold-miner-valuations/

via Financial Post

Barry Critchley says that TSX corporate governance rule changes are being contested:

"Under the new governance amendments, which become effective at year end, companies are required to elect directors annually, individually, to publicly disclose the votes received for each director, to disclose whether they have adopted a majority voting policy for uncontested director elections and to disclose to the TSX if a director receives a majority of withhold votes if they don’t have majority voting."

http://business.financialpost.com/2012/10/10/continental-divide-over-tsx-rules/

-F6