The market's failing right now, S&P broke below the SMA(200) and EMA(20) and broke its wedge. Might continue forming a right shoulder, and if that happens, a conceivable target being bandied about is 900 or 950. The deflaton scare is upon us too, and nobody knows if we're going to see a 10-20% correction in gold before QE2 (i.e. the next round of quantitative easing, the next trillion-dollar stimulus).

In a macro situation like this the really clever people won't be buying shares in our junior explorecos. A good market drop can reveal 10% better prices here and there, and they know it. So we'll see little movement into GNH.

Thankfully with possibly sexxxay assays coming out soon, nobody clever should sell GNH either.