This is getting scary. The TSX global gold index is diverging downward from gold prices by a rapidly increasing amount:

This a 2 year chart with gold % price change in black. Gold $ peaked last fall and has been bouncing around the 1600-1900 range with analysts predicting a breakout in both directions depending on their bias. While I have been adding to my PDG stock, I'm mostly in cash now awaiting a more clear sense of direction in the market. The situation in Europe continues to deteriorate and that is gold negative, for reasons that don't make sense to me. Speaking of things that don't make any sense, PDG has Magino, which is a good quality steak. Now they have the Highland property, which adds plenty of sizzle. Is the market for junior stocks dead? I still read articles about what a great bargain gold stocks have become, but the trend is down so why wouldn't you wait for a trend reversal to invest?