Agoracom: Small Cap Investment - Golden Band Resources - Re: Charts & Comments

Welcome To The Golden Band Resources HUB On AGORACOM

Saskatchewan's SECRET Gold Mining Development.

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Fran Six

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Re: Charts & Comments - $Gold:CDW

in response to

Re: Charts & Comments - BNN.ca

Fran Six

posted on Jul 21, 2015 10:38AM

$Gold:CDW Daily

Gold price decline barely paints the tape, but does not change the imminent rally in $CAD gold prices an the daily chart. 200-day MA crossed over the 300-day MA.

I had been placing arrows at the end of the fiscal year, and at the same time indicating with an arrow that 'bad news bears' came out for GBN.V in February.

True to form, bad news bears came out with the shut down of operations, though the company continued to process ores into 2015, according to SAT photos.

My guess is that they were producing gold a year before declaring commercial production, meaning they have withheld earnings for five years, the limit that Revenue Canada allows.