$Gold:$CDW Daily

The Canadian dollar gold price chart on a daily basis shows that the average price over fiscal 2013 which completed on Tuesday this week would have been $1650/oz.

Given that GBN.V has the wherewithal to produce gold, since mill upgrades were implemented in 2010, and required no further work, you might assume that production could have been achieved at the minimum of 45,000 oz. If this were really the case, then they could have seen 10¢ per share after taxes in earnings. During this time, ore was being stockpiled which could have been directed into processing but wasn't. No attempt was made to provide for full production from ore sources, and below-cut-off or low grade development material was processed instead.

But we have seen a drastic curtailment of production solely at the whim of the managing director with minority control. Ore is being stockpiled from the EP Zone, or has been stockpiled, and no further result was obtained. Ore was stockpiled from the Komis mine, and no further result was obtained.

You will see that the red arrow points out when something drastic happened within the management of the company, where at first production was drastically curtailed in February, 2012 and the COO was fired. Again this year the entire board was 'resigned' and this after stellar results were obtained in the Komis deposit.

The fourth quarter of any fiscal year appears to be house clearing time. There is also a significant lag between the time decisions are actually made and implemented and when they are made known, meaning they were long contemplated in advance.

I strongly advise anyone interested in this company to do their due dilligence and read the article in the Link Library: "The Seven Habits Of Spectacularly Unsuccessful Executives" There are also historical links, both through news archives and provincial archives, and they compare very differently from what is being presented by the company.

As far as I'm concerned, the managing director is solely responsible here.

http://scharts.co/13REY7w

$SPTGD Weekly

The global gold mining index will have seen its bottom, based on the nominal price move during the gold price crash, but also because logically the index is almost at a point where the stong inverse correlation with the gold/silver ratio says that a bottom is in.

This can last for months, as the index would need to recover from the sell-off, but also many miners are exposed to base metals such as copper, and gold is merely the by-product of their mines.

It's preposterously absurd to assert that base metals are a by-product of the gold being mined, as they do on BNN.ca. Costs are rising because copper prices are declining:

http://watch.bnn.ca/#clip917889

http://scharts.co/13BL1wD

GDXJ Daily

The GDXJ hasn't been trading long enough to come to any major conclusions, except that it has been strongly inversely correlated with the gold/silver ratio throughout its existance, with brief intervals when price direction changed.

GBN.V is in blue in the background.

http://scharts.co/16yJrQy

BNN.CA

World Gold Council CEO Aram Shishmanian discusses gold, and that it should be moving into its place as a forex related asset.

http://watch.bnn.ca/headline/headline-may-2013/headline-may-2-2013/#clip917990

S&P market being discussed, analyzed on a technical basis:

http://www.bnn.ca/News/2013/4/24/SP-500-to-plunge-to-400-Analyst.aspx

S&P is peeking out over the top of a lengthy broadening pattern:

http://scharts.co/13RK5EG

FT Alphavile

http://ftalphaville.ft.com/2013/05/02/1485472/dr-copper-telling-us-the-partys-over/

-F6