Listen To Mom - O'Leary

Why are gold miners down? Its because of the abolishment of the no-down-tick rule in Canadian securities law, which allows short sales on any asset without having to report a short sale as long as its part of a hedged position. You sell the miners and buy a long dated U.S. treasury and amass a huge leveraged position.

Secondly, gold miners are loathed because despite their best efforts, they have managed to shoot themselves in the foot. What is required is a steadily higher gold price that matches an era when gold miners were able to finance themselves and grow as companies. That shouldn't be very far off, around ~$1800/oz. +.

GBN.V could pay out a 10% of revenue dividend at the end of the year, without impairing growth, cost, taxes paid, and triggering the outstanding warrants.

http://www.kitco.com/kitconews/Kevin-O-Leary-on-Gold-Investing.html

-F6