$Gold:$CDW Weekly

Today's action in the $CAD gold price closes the gap up and touches base on the 13-week EMA. All gap ups and downs are covered over the last year, and the breakout is very much intact.

http://scharts.co/1zM7Njc

The Bank Of Canada may yet have to lower rates further, as rates have stabilized below the policy rate, and the housing bubble is in retreat:

http://www.cnbc.com/id/100013943

http://business.financialpost.com/2015/02/17/canadian-home-sales-drop-3-1-as-sense-of-panic-sweeps-western-markets/

There are still people with untapped equity in their homes, despite the housing rout, and can back up the truck with the lowest borrowing rates in history. That means GBN.V better be ready with a yield, if they want to be a success. As an example, nobody is putting money into Continental Gold, despite an extraordinary deposit. No production, no yield, nobody backs up the truck.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aCNL-2247392&symbol=CNL&region=C

- F6