Charts & Comments
posted on
Jul 12, 2015 11:07AM
Saskatchewan's SECRET Gold Mining Development.
$TNX:!PRII Weekly
We are further 'into the zone' in terms of RSI, and ready for a reversal of this indicator. The gold price was below $1000/oz. U.S. the last time interest rates vs. inflation were reading at these levels. That would mean that gold prices are exactly in line with inflation.
I am looking to draw analogies between post-correctional gold prices when they rallied and the state of the gold price now. Of course you can always say that on the previous occasion where interest rates vs. inflation were at the same level gold prices were much lower than that.
For the sake of argument, we have not yet seen a deflationary down trend where gold prices appreciate along with the dollar. We have only witnessed an inflationary trend. Central banks have only been successful in 'defeating inflation' because the trend has been inflationary all the while.
via Mining.com - Hallgarten & Co.
If GBN.V management insists on giving people the business instead of running a business, then they could lose the permitting of their properties and have them simply handed over to a more competent developer.
What makes the minority shareholder with a stranglehold on one of the best mining properties in the world fill his depends' (speaking parenthetically) while making self-aggrandized speeches to the investor crowd, is actually having savvy investors place their confidence in the project.
This explains why you are getting ludicrous news releases on the preposterously absurd like we're seeing.
They have locked up the prospective ground in the gold belt, but in the meanwhile are confiscating the project out of the shareholder's hands.
In a massive downturn you need production and yield. The alternative to the alternative of throwing open locked up properties is paying a dividend.
http://www.mining.com/web/thow-open-locked-up-properties/
-F6