$Gold Weekly

The gold price might defy technicals for a time, but there is no downside momentum to speak of with the ADX momentum reaching another low. People desirous of a vertiginous drop may be disappointed in the outcome.

The technicals have yet to achieve unanimity on when the rally should occur.

http://schrts.co/R2nf1g

$ONE:GBN.V Weekly

It has been harrowing for GBN.V investors, but the $CAD price remains firm with improving technicals. It's a matter of speculation whether the company will make good on its expansion plans, but the assumption thus far is they've been able to raise capital on their own by processing stockpiles and selling the unrefined doré bars.

There's been a notable turn in the inverse correlation with the gold/silver ratio. Since the company has proposed a reverse split several months ago and not taken action, it could be an indication that this will be carried out in July as we've seen it done in MAS.V shares and WGF.V shares in mid-summer.

A reverse split might be required, but remember at the same time that the company doesn't need to raise capital and has zero capital requirement for the forseable future. They do have a desperate need for investors, however.

Another thing to consider is year end financials come out at the end of August, where we have seen an auspicious change to the statements if going concern, in Note 1 of the financials for Q3. This might indicate that the company intends to square th balance sheet against the accumulated deficit.

http://schrts.co/9RlrT1

Missinipi Broadcast Corporation - Highway 102

Highway 102 is open. GBN.V's property is located along Highway 102, and traffic along the road was affected by the wildfires, and possibly interferes with the presumed startup.

http://www.mbcradio.com/index.php/mbc-news/15229-highway-102-open-to-general-traffic

-F6