I'm so disappointed in Colin McCabe. You remember McCabe, don't you? He's the supposed editor of the ubiquitous Elite Stock Report we wrote about in "A Golden Future In Your Mailbox."

Two weeks ago, I received McCabe's missive promising "monster gains inside the next 60 days" on Guinness Exploration Inc. (OTCBB: GNXP). Then (Feb. 16, to be exact), the Canadian development company's stock traded for $1.28 a share. Monday, it closed at $1.09, down 14.8 percent.

One of the helpfully yellow-highlighted paragraphs in McCabe's 12-page report blared: "we've got a window of a few days in which we can buy shares in Guinness Exploration ‘in stealth mode' without Wall Street knowing about it."

Apparently, I missed the window. I got McCabe's letter just as Guinness Exploration peaked after a run from 85 cents in which daily trading ultimately increased sixfold. Volume's now fallen below pre-rally levels along with the stock's price.

Still, Guinness Exploration's price trajectory is only mirroring, to an exaggerated degree, the trend in the junior gold mining sector as a whole. Since Feb. 16, the Market Vectors Junior Gold Miners ETF (NYSE Arca: GDXJ) has slipped 1.3 percent. Senior issues proxied by the Market Vectors Gold Miners ETF (NYSE Arca: GDX), meanwhile, fell 0.6 percent.

Junior Gold Stocks (GDXJ) Vs. Majors (GDX)

Short-term technicals have improved for the junior sector since last week, but the overhanging weight of a sluggish gold market is still keeping a lid on prices. GDXJ has yet to retrace 50 percent of its decline from an interim peak in January.

There's a bid under $24 propping up the ETF, but there's resistance at the $25 level, about where the fund's 200-day moving average rests.

Of course, those gold issues don't have the drumbeat of the Elite Stock Report motivating buyers.

Given the comparative performance over the past week, maybe that's not such a bad thing.