via Bloomberg - CEF Looking To Make Gold-Based Investments

The recent correction in gold prices tested the potential downside correction within a Wave One Extension of an elliot wave paradigm, and should point the way to a higher gold price, but not exactly a mania. If you buy gold now, maybe you'll double your money, unless it's an investment for protection against bank failures.

Mining stocks prices are extraordinarily depressed by comparison. They would make a much more valuable investment than bullion should they provide a return.

Now that Netolitzky and Sprott are out of equity swaps, they no longer have a vested interest in share price declines. But they also cannot prevent an entity such as CEF from buying shares at market, except through the ruse of tabling preposterously absurd reserves and atrocious results.

Their legacy will befall them.

Bloomberg

Compare GBN.V with another company that basically has gotten everything right, attracted the largest investors, is partially owned by Goldcorp, and has been the favourite of sell-side interest:

http://scharts.co/15c3mCe

-F6