$Gold Weekly

It could take a couple of more weeks before the 13-week EMA is overrun, and the 34-week EMA is tested. After that, if a Volatility Smile is in vogue, then volatility will return and remain within the probability curve. The black momentum line in the ADX is turning down, meaning downward momentum in the bear trend has been expended.

RSI indicates that a bottom is in on $1179 in June. This also conforms with a One-Wave extension in an Elliot Wave paradigm, where the recent down draft completed a '4' wave.

While some compelling comparisons with the 1970's bull market may seem appropriate, a multiple over the low will mean a very nasty correction to follow. It could happen, but more than likely the high will be just under $3000US/oz.

http://scharts.co/19Z24MI

$ONE:GBN.V Weekly

There's no mystery that regulatory changes in 2011, with the addition of the stampede into DUST has muted any possibility of a rally in GBN.V stock. Even gold properties with failed economics are trading at higher multiples per share.

GBN.V has basically seen a 'dry run' in the meanwhile of all of its economics for the possibility of an expansion, even though it's trading as a shell company with no value. GBN.V had a very short half-life after pre-feasibility, permitting and refurbishment were completed. The company appears to be operating in penury, even though every aspect of the La Ronge Gold Project has been meticulously and thoroughly tested.

One thing that has not occurred as a result is that GBN.V share prices have not responded to declines in U.S. Treasury bond prices. I was anticipating that this would start once the quarter ended in June, because of the sincere declines and interim rises in interest rates, but the stampede into DUST precluded any of that and bought some time for the sell-side, who have not yet rolled back their hugely leveraged short position.

What did the Gov't Of Saskatchewan have to say about Golden Heart in 2010, now delayed three years?

"The milling of Golden Heart ores at the Jolu mill will require no alterations to the Jolu mill, no additional buildings at the Jolu mill site,"

http://www.environment.gov.sk.ca/2010-066EISExecSummary

And yet the company would have you believe that mill refurbishment was required, in order to give you the impression that the mill was shut down. No reports of any kind regarding road-building, mill operations, mine site development, grade improvements, stockpiling, production, ore processing, reserves were tabled since bond markets topped out.

These are essential for the shareholder, but the managing director believes it's in his purview to withhold key information.

And yet, we see vehicles in operation on the stockpile in May, 2013:

http://www.flashearth.com/?lat=56.004908&lon=-104.27606&z=15.5&r=0&src=msa

The $Gold:$Silver ratio inverse correlation with GBN.V called out the bottom(again):

http://scharts.co/16dStif

-F6