Outlook

We have see the Dow Jones breakout above a broadening top formation during the rise of the U.S. dollar and an inverted yield curve between US denominated treasury bills and Euro denominated long dated bonds. Notably the yield on the ten year bund was so low that no amount of lending could achieve a profitable return. The pressure that kept the dollar rising against the Euro has now abated.

So the preliminary result was that in the breakdown of this lending scheme, markets declined concommittantly along with the dollar, while gold prices rose. Gold prices are headed for higher volatility as the dollar declines. But you have to remember that the U.S. Has a very large foreign exchange reserve in gold bullion.

Golden Band Resources is now obliged to start running their business as a business instead of giving people the business. It's still possible to average down on your position, because there's 1.3 million shares in the offer @ 0.01 cent. You might sit on 50% risk, but any move by the company will see a reversal to more reasonable numbers.

Raising capital in Saskatchewan where wages are Dickensian will go a long way.

-F6