via BNN.ca - Market Call - Rick Rule

You only need to listen to Market Call to get an idea of Sprott's position when it comes to holding precious metals stocks, especially as regards deposit or project size.

Market Call BNN.ca

The business profile for GBN.V shares shows that Sprott is the only remaining large shareholder position aside from management:

http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=GBN:CVE

Rick Rule is a pink elephant if this is not the market bottom for gold stocks

$Gold Weekly

The gold price correction as July turned into August merely fits within a volatility smile configuration of the gold market. As gold prices are sold off, premiums on gold derivatives positions rise, preventing further capitulation.

So any time Wall St. bullion banks surreptitiously dump gold contracts or physical bullion on the market, they actually have no hope of plunging the price, since derivatives traders will be waiting to sell their positions, reaping the rewards instead. Wall St. bullion banks are then saddled with losses. JP Morgan Securities is in an especially difficult position for having dumped their elligible gold from COMEX warehouses.

The irony this time in the gold market is that the market is cornered through the use of a large derivatives contract, rather than solely by bidding up the price.

I presume the next stop would be the 34-week EMA.

http://scharts.co/19Z24MI

GBN.V:$Gold /w $USB:GBN.V Weekly

The way to look at the company news release regarding the resumption of production on the La Ronge Gold project, it should be seen as a post Q1 fiscal 2014 update, which refers to the start of the quarter, not the end of the quarter. Quarterly results are pending for the end of September.

By that time, production rates will probably be better than stated.

The stockpiles alone are can probably satisfy two full years' worth of production, though they are not counted in inventory. This is the first time that stockpiles are mentioned directly.

http://scharts.co/1bDCSi5

BCA Research

The Canadian economic outlook is not as rosy as people claim:

http://blog.bcaresearch.com/berezin-gives-even-odds-on-recession-in-canada

-F6