via Yahoo! Finance

Bond market prices have moved significantly to the downside, continuing the sell-off below the pivot point set last March, before more QE was announced.

http://finance.yahoo.com/bonds/market_summary/article/200001/bond_ticker

http://scharts.co/14IaQML

This move had not yet been reflected either in TLT or Canadian bond derivatives, probably because they are the trading vehicle, and traders still believe that QE will save them:

http://ow.ly/mez25

Since GBN.V is strongly inversely correlated with US Treasury Bond prices, very highly likely that a crossing below the pivot point will set off a buy-in of GBN.V shares.

You will also need a concomittant rise of gold prices while bond prices fall:

http://ow.ly/mez25

-F6