GBN.V Daily Ichimoku

I guess we'll get to see just whether the daily ichimoku actually forecasts the next rally, or if it's a completely useless indicator. Certainly the ADX is showing a peak and reversal, while the P&F chart now has a bearish target of 2 cents.

To see the company once again dial down the Komis deposit back to where it was 12 years ago is a major disappointment, but then again, you don't want anyone to play in your little sandbox especially since the company is being run as if it were privately owned.

Market conditions have improved considerably vis a vis gold miners over equity swaps derivatives, but no major push to settle off. A notable symptom of this condition is that Barkerville Gold Mines is not yet trading, when it should have started weeks ago.

November is only 7 weeks away, and this is when the presumed Long Strangle trading strategy using equity swaps held over GBN.V shares comes to an end. But this is after the shareholder meeting.

This year, companies are to report how many votes were withheld.

http://scharts.co/15uPn7k

$Gold Weekly

The major holdback is still the gold price caught in a volatility smile. Very likely the hoped for outcome by the bullion banks is to be the skew line drawn in on the weekly chart.

As you can see, gold prices have been tracking along the bottom of the volatility smile since the price bottom in June. This also accounts for the aggressive rallies and halting trade since then.

Gold prices did bounce off the 34-week EMA. A push through this moving average will bring us to the 89-week EMA.

http://scharts.co/19tU8mf

-F6