I am sure everyone is disappointed with the performance of VIT's stock, but what I would like to point out is the fact that it has actually outperformed its benchmark since May 1st ie. the McEwen Junior Gold Index that is composed of 20 top tier junior exploration companies. Today, VIT is presently trading at .315C - on May 1st is was trading at .31C. McEwen's Junior Gold Index is presently trading at 3.41 vs 3.61 on May 1st. It is important to note that stocks that outperform their sector during a declining phase are usually the stocks that will substantially outperform their sector when the sector begins its next upturn - the fancy term for this is "relative strength".

What is important here is the fact that the weakness in VIT is not something unique - the weakness is across the board for the junior gold sector. If VIT was significantly under performing its peer group then it would warrant more concern and a need to re-evaluate its investment merits.

Personally, I am convinced that the current pullback in gold bullion in only a temporary situation and that ultimately it will easily surpass its all time highs. Should that occur, one would naturally expect the juniors to make major upmoves beyond their recent highs since May this year.