With the drop in gold to revive the equity markets and the world economy Belo Sun Mining Corp is on its way down. Never follow the press they will kick you in the nuts every time.


Precious metals stocks on the TSX were struggling, as the gold price dropped to six-month lows this morning and flirted with the dreaded "death-cross" technical formation, whereby the 50-day moving average falls below the 200-day moving average. The bearish charts for gold could usher in further losses for bullion, already reeling from the shift away from haven investments to more risky securities such as stocks, as well as a lack of inflation in global economies.