$CAD Gold Price Weekly

Analysts looking for an extreme gold price trough or a late summer coda are perhaps only recalling the same fears that were felt at this time last year. June is already shaping up to be much different from the June capitulation of last year, considering that ETFs are not in the business of dumping bullion into the market in the hundreds of tonnes as they had last year.

A very good chart for determining whether a gold price dump is set to occur is the $CAD Gold price. You're getting higher lows out of last June's low in 2013.

By way of irony, costs on a per ounce basis, without subordinating escrow deposits over production were $438/oz. at the end of fiscal 2011.

Setting aside the whole deceptive poison pill campaign that started with subordinating production numbers in the engineering report, the company would have a 100% internal rate of return after taxes, off the low of $1347/oz. CAD.

I suppose those numbers have actually improved, since the mill was upgraded, refurbished, repaired, what-have-you three times now.

http://scharts.co/17HxjtG

-F6