GBN.V vs. $Gold Weekly

In keeping with the monthly chart of GBN.V vs. Gold, the weekly chart of GBN.V vs. $Gold is fully annotated with Long Strangle equity swap derivative strategies, but also measures $USB prices vs. GBN.V share prices.

What this means is that GBN.V shares are being evaluated against USB prices, rather than as a gold project priced in Canadian dollars, with a certain reserve and Net Present Value of a project. (this is the reason why Netolitzky is not posting a reserve, or allowing any financial figures to come to light.)

What you see in blue is very similar to the inverse of the GBN.V chart. I believe this is the way derivative equity swap values work. This is a very one-sided market with no buyers and sell-side brokers trading amongst themselves the price of the equity swap, rather than in the shares.

So this chart aught to describe exactly how GBN.V share prices are being fixed by the banking sector through the equity swap derivative.

http://scharts.co/1599PxJ

-F6