Forbes On Gold Miners

Forbes' recent article on gold miners suggest that declines in the gold miners implies continuous declines in the gold price.

"What It Means: The sharp decline in gold prices on February 29 strongly suggested that it was the start of a deeper correction. The daily outlook is still negative for gold, and a drop to the $1500-$1450 area is possible."

Forbes

You don't need to go any further than this article to see exactly what the bankers want you to do. Set obvious stops in gold miners and forget that a bull market in gold will continue.

There's no mystery. The plan to keep gold miner stock prices underperforming the gold price below trend isn't working, especially since the treasury bond market has now rolled over.

Of course, it might mean somewhat lower earnings for the interim that gold prices are consolidating, but that will be temporary. So if you would buy gold on the dip in prices, why are they recommending you set up to have your stops activated, or you sell your gold mining shares?

Plainly obvious here.

-F6