$USB Monthly

This one chart explains pricing in GBN.V shares best, since money going into the stock is actually being used to bet on treasury futures, via equity swaps.

I have gone according to this chart at length, and bought according to technicals such as inverse correlation, seasonal buying and MACD crossover. If anything, the imminent MACD crossover in the $USB Monthly chart is a layup for a rally in GBN.V share prices, rather than gold price advances.

Perhaps we have finally seen an end to company shenanigans, where a gold mine with costs no greater than $700/oz. is operating in penury through amortized loans and production curtailments.

Just the fact that they have announced formally that their news release for Q2 should come on this Friday, which is the day before options expiry on Canadian markets, which is Saturday, 22nd December might say perhaps that the company is finally released from their conflict of interest.

QE 3 had a devastating effect on GBN.V stock pricing, but QE 4 is looking like a miss.

The company may wait until after hours to release the news.

supersize: http://www.flickr.com/photos/11747277@N07/8294674268/sizes/l/in/photostream/

http://scharts.co/YRwPBp

$Gold Weekly

Derivatives contracts expire at the end of the month, probably because treasuries options expire on the last day of December. So on options expiry for precious metals, an impressive rout in prices precedes an even bigger obligation to settle by the end of the month for derivatives.

So in the last week of trading in the year, gold and treasuries should be moving in opposite directions. One thing that price management failed to accomplish is a bearish crossover of the 13-week and the 34-week EMA.

There was also a significant backwardation in spot prices over futures prices several months out, so if backwardation returns during a rising gold price this time, prices could go haywire.

supersize: http://www.flickr.com/photos/11747277@N07/8293665865/sizes/l/in/photostream/

http://scharts.co/Ovxxud

-F6