$Gold:$CDW Daily

Perhaps what the company is engaged in is another round of shareholder clobberings, another pro-forma excercise at getting people to 'puke up their shares' as people did during the no-bid period.

For over a year, Netolitzky has been buying in volume daily, sometimes in the millions of shares on a given day. He will never make his billionaires' status if he allows this company to go bankrupt.

They generally have better information on gold market moves, so perhaps the notice to default was meant to prepare for a gold market sell-off, and thus fill the outstanding bid of millions of shares. Someone did come in and buy at 1 cent, so this might have touched off concern that their bid would not get filled.

The Canadian dollar daily chart is showing another spectacular move from top to bottom, where the Stochastic 7,7 is situated at its extreme low.

In $CAD terms, the gold price is actually set to continue higher, as it notches up another higher low. Even if it fell to the 200-day MA, it would still be a higher low.

http://schrts.co/aBvRab

via TMXMoney.com - Delayed Market Depth By Price Summary

There are millions of shares on the bid, which leads me to surmise that the no-bid period is over. My belief is that the bids for half a cent can no longer be filled, and you are obliged to buy for a higher price. But this may be the sole reason for a notice to default with no regulatory filing, solely for the purpose of attempting to get filled.

http://apps.tmx.com/HttpController?GetPage=DelayedMarketByPrice&Market=V&Language=en&SelectedSymbol=GBN

TLT Daily

If you want to get an idea where the $US gold price is headed, compare with the TLT on a daily basis. There is still a yawning gap where the bond market leads the gold price on a much longer term basis, such as the weekly chart.

http://schrts.co/g74K7j

-F6