GBN.V Weekly - Broadening Pattern

A broadening pattern has emerged on the weekly GBN.V weekly log scale chart, where you take the extremes of inverse correlation with the gold/silver ratio and connect the dots at both the highs and lows. That was done last week, and those lines were left in blue.

Further to this suggestion, you can assume a long term broadening pattern going back years, so this broadening pattern of prices is now quite plainly visible.

We won't know exactly how this technical analysis will look until it gets filled out, but if you take 10¢ as the low, then the climb out from this pattern is a very long term affair, with some very clearly mapped out pivot points.

At one time, the Komis deposit was referred to as having a million ounces in the notes on news releases, so I would assume if I had a million ounces in one deposit for a gold producing company, that would price the stock at roughly $1.

But the company is being run as if it were merely a shell with no major interests involved, and the investment case has been thoroughly and actively discouraged every step of the way.

supersize:

http://www.flickr.com/photos/11747277@N07/8389209981/sizes/l/in/photostream/

http://scharts.co/WysBqz

-F6