Overstating The Obvious

What could they possibly be talking about on the internet except that gold miners are impaired?

Really that means sentiment in the gold sector is not all that robust, and that in fact, people have accepted as fact that the gold bull market is over.

So on a day that gold miners sold off, GBN.V sells, when in fact, it should be rocketing in the face of bond price declines.

Barons blog says it best:

Yields up, gold miners down. (via Kitco - thankyou)

Forbes see an outflow from the GDX and GDXJ ETFs:

Forbes

So then, we go to the ETF channel suggested by Forbes to inspect the GDXJ holdings:

ETF Channel

Looks like some very familiar names, many of which are no longer junior miners, some of which have been downgraded or continue to dilute their shareholders.

GBN.V of course, does not make up the component list of GDXJ. Van Eck apparently doesn't like profitable gold mining companies with a lot of room for growth.

supersize

stockcharts.com

$BPGDM Daily

The Bullish Percent Index - Gold Miners is showing a decline on the same day we saw GBN.V decline, as well as GDXJ. (Yawn)More dumbly aggressive naked shorting. Another buying opportunity.

Financial results for GBN.V Q3, fiscal 2012 by March 30. Development news whenevs.

stockcharts.com

Corporate Directors Page

On the corporate directors page, the photos and descriptions have changed, and everyone looks like they had a beer. Something must have been up.

They are no longer looking for a COO, although this has not been announced as of yet.

http://www.goldenbandresources.com/html/corporate/management_directors/index.cfm

-F6