I have had a links page for a few years now, this has recently gone to a grey bar and most of the outgoing links have a grey bar too on their page with the link on. Do i remove these immediately as i believe google is penalizing me for this?
What is the best way to proceed with this as some of the inbound links are still OK. 1. Do I keep the good links and put a no follow on the rest of the links. 2. Do I create a new page for links called resources or something?
If you can determine which are the 'good links' then I think it is ok to do option 1, but in the long run I think it would be best to not even link out to sites that you don't trust to avoid any potential problems in the future.
If you'd like to send me the URL I can take a look, I'd be happy to help.