GBN.V Daily Ichimoku Study

The GBN.V daily chart clearly shows that while DUST is in a rebound, GBN.V shares are in decline, almost tick for tick:

http://scharts.co/15uPn7k

$Gold Weekly

I sought to include the Gold weekly chart, because it shows in a very simple way that the operating derivative over the market is probably still in vogue and that bearish sentiment is misplaced.

In a voliatility smile like this, no matter how good of a trader you are, you are going to conform with the probability curve outlined in the volatility smile. The only options you have that might appeal to you are buying options on the derivative for incremental price moves on a monthy basis.

In case you might not have noticed, fundamentals are compelling for bullion, while technicals are atrocious. See if you don't agree that we have also had a small '1' up wave for the last '5' wave, and an a-b-c correction:

http://scharts.co/15uPn7k

Conclusion: I speculate that tapering at this juncture will result in lower bond yields, a market sell-off and higher gold prices.

-F6