GBN.V Weekly Reciprocated

I could not imagine how useful the weekly reciprocated chart would turn out to be when first looking at it. But by now, we are seeing it fulfill technical conditions that could only be imagined months ago.

I mean, it will have fully priced in a steady bond price, where a bursting bubble would have seen much higher interest rates and sudden buying pressure in GBN.V shares. What I can see happening now is that bond prices really have nowhere to go. They will remain neutral indefinitely now.

Something to look for might be negative rates on long-dated 30-year TIPS in the U.S., or perhaps a negative nominal rate on real return bonds in Canada. In Canada, the bail-in prodedure has been adopted with the 2013 budget.

Canadian banks are heavily exposed to covered bonds. If you will remember, taxpayers bailed out everyone in the ABCP fiasco, the first derivatives failure in the Western Banking Sector. This added $50b. to the Canadian federal government deficit, and bankrupted the province of Ontario. Taxpayers will not be bailing out covered bonds.

Covered bonds might translate into equity swaps held against gold mining companies. I'm satisfied the government won't be bailing out brokers who naked short sold producing gold companies in a gold bull market.

The irony is that in Cypress, savers were cash and bond holders, on high interest rate accounts, so this is really a government bond failure, where bond holders are automatically taking the haircut. No suprise, they were all exposed to Greek government bonds. Canadian government bonds are rated 'AAA'

If there ever was a time for gold miners to pay out dividends, it would be now.

As for GBN.V, no offense to Mr. Paul Saxton, but he really aught to have familiarized himself more closely with company news releases over the past years.(esp. the Dec 14 news release) How money was raised and spent and deployed into the project. He should put on a pair of boots, don a hardhat and visit the worksite. Daily. Pilatus PC-6. Piper Cub with tundra tires.

As for me, there is only one person left from the previous board who has been overruling any advance of the company with a minority shareholder position for years who is solely responsible for bad business decisions. Its plainly obvious now.

For shareholders, I would read the disclaimer first, before taking in the latest preposterously absurd news release.

Considering the impulsiveness, haste and irrationality of this last news release, I have to assume that I'm correct in all points. I'm satisfied with my interpretation.

RITUALISTIC CLOBBERING OF THE BABY SEALS STILL TO COME.

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