The $CAD gold price would appear a layup for a breakout, perhaps before the end of the calendar year. I say this because major derivatives held against bullion futures need to be settled prior to the end of the calendar year. This might be legally extended for tax purposes to February. February is the most actively traded futures contract:

http://scharts.co/1p2ktTC

The $U.S. gold price weekly chart demonstrates both competing derivatives formulae of 'Volatility Smile' and 'Volatility Skew' presumably these performance contracts are due at the close of the calendar year, as they were opened at the close of the 2011 calendar year:

http://scharts.co/1vwVyGL

The oil price decline has hurt gold prices, but not the earnings prospects of gold mines. There is extraordinary volume in GDXJ, perhaps this means that equity swaps are being settled in the sector. Note that GBN.V share prices indicate the path of GDXJ. The insanity of the rout is not to be questioned any longer, though you might note that the $CAD is @1.16. Companies being sold recklessly are domiciled in Canada:

http://scharts.co/1p4yhgY

GBN.V shares are probably the most heavily shorted gold stocks on the planet, through equity swaps. I am assuming what the company has in store will trigger massive volume at the end of the year. A strong 'buy signal' has been generated by the inverse correlation with the gold/silver ratio. The crosshairs through which I have been watching the share price are the following charts:

http://scharts.co/1bZ1HW5

http://scharts.co/16dStif

You are equipped with with duelling flintlock while securities firms have the highest tech radar controlled Gatling guns, except that negative rates will become a reality, where any gold investment will do. Gold miners have a trump card that they may employ, which are dividends in a long term yield trough:

http://online.wsj.com/mdc/public/page/2_3020-treasury.html#treasuryB

http://ow.ly/Gpzp

-F6