$Gold:!PRII Weekly

We are probably front and centre to a very strict lesson in market timing. The day this particular set of indicators reverses, would be the day GBN.V shares are reverse split. I think it's going to be 10:1, since the gold price has not advanced aggressively as most people would like. But the reverse corollary for gold prices since they are obviously not advancing is not a precipitous collapse. As far as the reverse split for GBN.V shares is concerned, it aught to be accompanied by very high volume.

The outlook for gold prices is invariably good, should the fundamentals begin to assert themselves once again. We are in the zone for a reversal on both Monthly and Weekly chart. A spike upwards is perhaps de rigeur, but I still happen to think that gold prices technically bottomed in 2013 and that derivativeves players are getting wound up in the tape.

http://schrts.co/lGs2TZ

via Wall St. Journal - Greek Depositors Turn To Sovereigns

The implosion of Greece has weighed on markets since MF Global days. I'm wondering at the exposure of futures and forex markets to a collapse of bond markets in Europe once again, and just who made massively leveraged bets on the wrong side of the equation.

European rates are in the negative. This is not sustaining gold prices in any way?

The Wall St. Journal maintains that Greek depositor's money is simply not enough to sustain the gold price in their eyes. Or hasn't it? Or maybe they mean Greek depositors are not big enough to upset the derivatives apple art.

Or is it that derivatives bets against gold have become so huge that there is no way to avoid a major collapse of credit on Wall St?

http://blogs.wsj.com/moneybeat/2015/06/30/greeks-turn-to-the-u-k-s-royal-mint-for-gold/

via Mining & Energy.ca - The Calling Of The Earth

Is it Netolitzky, or perhaps Rodney Orr, or some other puffed up grandiose figure in the mining space that you want to talk to about what's going on at the Star Lake Mine? No, it's Klaus Lehnert-Thiel.

From 2011:

http://www.miningandexploration.ca/saskatchewan/article/the_calling_of_the_earth/

-F6