Charts & Comments
posted on
Feb 12, 2015 12:13PM
Saskatchewan's SECRET Gold Mining Development.
GBN.V Daily
It looks as if the short sale of gold mining shares have done their worst, and that there's no leverage in gold equity declines any longer.
TLT Weekly
I would say that yet another co-ordinated top in the TLT Weekly chart at the end of QE says that declines and an interim rise in long dated interest rates is in the cards. But if you had been watching the discount rate, dollars to doughnuts there is going to be a volatility band applied to short term treasury bill prices on the secondary market, meaning that interest ratess as policy will include negative rates.
But the lagging gold price in U.S. Dollar terms is more than a curiosity.
Gold/Silver Weekly
The 'buy-point' was picked out by the inverse correlation to the gold/silver ratio. But we are still being offered shares @0.005 cents, with no bid under them. You would think that this management would catch on and provide a nominal yield of the same amount every month until they're ready to drop the bomb.
We are on Q4 fiscal 2015, and about to transition into Q1 fiscal 2016, when supposedly they will be mining the Komis deposit. Or is it that the Phantom deposit is actually part of the Tower Lake complex, and that the immense waste rock stockpile near the EP Zone has beeen used to build an internal haul road to the mill from Tower Lake?
Did they offer information on the Decade deposit, and Rod Zone, which is thoroughly obsolete and which was a foregone conclusion to distract from the two large sources of ore which they happen to be working on unannounced?
Phantom Zone/Tower Lake
Massive Waste Rock Stockpile, The Dome-like Komis Deposit
- F6