GBN.V vs Gold Monthly

I actually find this chart particularily exciting, because it shows how desperately undervalued GBN.V shares have become against gold.

We are at the same point vs. gold that we were in the depths of the 2008 crash in December, 2008, or at least very close. We could even be taking out the low set in yr. 2000. This is commensurate with some of the technical analysis on the weekly log scale chart. If this happens, I'll probably have to change the numbers showing multiple appreciation.

This chart also shows the possible potential in the stock. Dr. Marc Faber outlined his ideas recently that government bonds should be avoided at all costs. And yet the trade has been sell the miners, buy the long bonds for so many years.

stockcharts.com

-F6