$GVZ Weekly

The foreign exchange volatility noted post EU referendum is an example of how the markets will unwind into a currency crisis. A stock market rout will probably mean a dollar rout.

Most Asian markets were affected when the exit poll results were known, though they should have gone entirely unaffected. FX volatility was seen as the main culprit.

Gold volatility was not as high as expected, though higher volatility is still anticipated. That means a high volatility event in gold prices still to come.

http://schrts.co/PTm5d0

$Gold:$CDW

The monthly chart of gold prices in $CAD shows a new high, but below the high price of $1798 set before the gold price correction. The post-EU referendum forex volatility has provided Canadian gold miners with a windfall.

This leaves me wondering what GBN.H management is waiting for. We have a pro-forma default which had no effect, except to provide a trading halt. How long do defaults take to resolve? Days? Weeks? Months? No bankruptcy on the horizon, either. Hasn't happened. But as I've tried to point out, the company is not insolvent and are developing capital in the background.

You have to precede price development in your primary market with your own developments. But since we are now viewing the company as closely-held, owing to lack of liquidity in the stock, no news of any sort and a lack of information, and a trading halt to boot, the main concern becomes issues of corporate control.

http://schrts.co/wtWdGU

$Gold Daily

Gold prices in $ US closed higher than the previous price spike, which people had been rubbing their eyes at. We are above the $1300 dollar mark in terms of $US, which aught to be a perceived psychological barrier. 'Gold prices cannot seem to get above $1300'. Well, they are above $1300.

http://schrts.co/WuLy1t

-F6