GBN.V:$Gold Monthly

There hasn't been much movement in GBN.V stock since the lows were in during the summer.

Golden Band share prices in $CAD divdided by the $US dollar gold price has two interesting aspects, which depict that gold prices are at their inflation-adjusted average over the very long term, and that secondly, a waiting crossover in the ADX is still to occur.

A similar crossover is still pending in the weekly gold price chart, but also in long dated treasury bond prices on the weekly chart.

http://scharts.co/163GcQG

$USB Monthly

Announcements for QE in the United States usually result in lower bond prices, but the market interprets QE as being asset price positive.

GBN.V shares should have moved smartly in the interim, during the bond price decline, but the stampede into DUST precluded any possibility for gold mining shares to advance as their share prices are heavily burdened with equity swap activity in the sector.

http://scharts.co/14IaQML