Welcome To The Golden Band Resources HUB On AGORACOM
Saskatchewan's SECRET Gold Mining Development.
Message: Charts & Comments
The Conservative Government In Ottawa
One thing that doesn't make sense about the conservative government in Ottawa, is that they are literally shooting themselves in the foot when it comes to establishing jobs and growing healthy sectors in the economy. They would much prefer to shoot down mining companies on the flimsiest of excuses, rather than obtain a generations' worth of tax dollars from mining production.
In effect, what the conservative buffoons and political hacks in the DFO would rather achieve is obtaining a retroactive bribe for a non-existant fish habitat rather than rubber stamp an already licensed tailings facility which is in firm compliance with the MMERs.
If they had half a brain, they themselves would back up the truck and load up on GBN.V shares and then green light the project. But they are pig-headed martinets at best, with no sense of reality whatsoever, and can't see beyond their own over inflated egos. (I think of them as gap-toothed inbred morons.) The DFO must have decided that because GBN.V is exploring or mining for gold, that they could squeeze money out of the company. The Liberals are going to have a field day with them when the election is called.
What the company should do, then, is take it to heart that a bribe will work, since what the conservatives are asking for is basically a bribe. You head over to Ottawa and harangue the Minister Of Natural Resources and Development that your company, which is a great growth prospect in a growing sector of the economy, is being shut down by political hacks within the party. You make it abundantly clear to the nitwits in Ottawa that they will be desperate for tax dollars from what's left of the economy once the downturn takes hold, because there will be no sovereign bond market to speak of and will be relying solely on tax dollars. You also make it abundantly clear that the DFO is the main obstacle to achieving the goal of a growing gold mining sector and is unfairly singling out GBN.V. You offer a campaign contribution with the condition that your project is green lighted on a firm commitment to supporting the conservative party.
Then you head over to the opposition offices and make the same complaint, because very likely the conservatives are going to bite the biscuit big time. You offer a firm commitment to supporting the Liberal party, of course.
This is how to set the wheels of gubmint in motion.
http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203131
Weekly Analogous Chart
On the weekly Analogous Chart, we are seeing the end run of run-up lasting almost three months so far. I believe we still may have a couple of weeks' time left, before a correction to the 13-week EMA.
The run-up strongly resembles the late 2005-2006 runup, and the late 2007-2008 run-up.
Stockcharts.com Analogous Chart
Monthly Chart
On the monthly chart, we have the rally still intact, but there is still significant downside risk to the shares and they may bottom if the gold price and equities blow out at the same time. Though I feel the elliot wave count tends to discount that. It could also be that my elliot wave count is wrong, that we haven't finished a '1' up-wave and a '2' down-wave yet, and that, according to the monthly chart, instead of the daily chart, we still have a '5' up-wave to complete. The 40ยข range is the number to beat, since most people bought in at that level.
A rise in the gold price will remove doubts about the company, however the DFO hangs over the play like a vulture.
One thing that doesn't make sense about the conservative government in Ottawa, is that they are literally shooting themselves in the foot when it comes to establishing jobs and growing healthy sectors in the economy. They would much prefer to shoot down mining companies on the flimsiest of excuses, rather than obtain a generations' worth of tax dollars from mining production.
In effect, what the conservative buffoons and political hacks in the DFO would rather achieve is obtaining a retroactive bribe for a non-existant fish habitat rather than rubber stamp an already licensed tailings facility which is in firm compliance with the MMERs.
If they had half a brain, they themselves would back up the truck and load up on GBN.V shares and then green light the project. But they are pig-headed martinets at best, with no sense of reality whatsoever, and can't see beyond their own over inflated egos. (I think of them as gap-toothed inbred morons.) The DFO must have decided that because GBN.V is exploring or mining for gold, that they could squeeze money out of the company. The Liberals are going to have a field day with them when the election is called.
What the company should do, then, is take it to heart that a bribe will work, since what the conservatives are asking for is basically a bribe. You head over to Ottawa and harangue the Minister Of Natural Resources and Development that your company, which is a great growth prospect in a growing sector of the economy, is being shut down by political hacks within the party. You make it abundantly clear to the nitwits in Ottawa that they will be desperate for tax dollars from what's left of the economy once the downturn takes hold, because there will be no sovereign bond market to speak of and will be relying solely on tax dollars. You also make it abundantly clear that the DFO is the main obstacle to achieving the goal of a growing gold mining sector and is unfairly singling out GBN.V. You offer a campaign contribution with the condition that your project is green lighted on a firm commitment to supporting the conservative party.
Then you head over to the opposition offices and make the same complaint, because very likely the conservatives are going to bite the biscuit big time. You offer a firm commitment to supporting the Liberal party, of course.
This is how to set the wheels of gubmint in motion.
http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203131
Weekly Analogous Chart
On the weekly Analogous Chart, we are seeing the end run of run-up lasting almost three months so far. I believe we still may have a couple of weeks' time left, before a correction to the 13-week EMA.
The run-up strongly resembles the late 2005-2006 runup, and the late 2007-2008 run-up.
Stockcharts.com Analogous Chart
Monthly Chart
On the monthly chart, we have the rally still intact, but there is still significant downside risk to the shares and they may bottom if the gold price and equities blow out at the same time. Though I feel the elliot wave count tends to discount that. It could also be that my elliot wave count is wrong, that we haven't finished a '1' up-wave and a '2' down-wave yet, and that, according to the monthly chart, instead of the daily chart, we still have a '5' up-wave to complete. The 40ยข range is the number to beat, since most people bought in at that level.
A rise in the gold price will remove doubts about the company, however the DFO hangs over the play like a vulture.
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