Gold Miners Hanging On A Cliff

From investinghaven.com

It is getting ‘nasty’ out there in the world of gold miners. They are literally hanging on a cliff. This obviously is due to the sell off in both gold and silver in this last trading week. We are not going to forecast anything here, as short term forecasting is a fool’s game. Our gold forecast and silver forecast are long term forecasts. All we can do is observe, and know if and how we should protect ourselves from more damage in case we are long this market. The opposite is true as well: we want to know if and when to go long in case we don’t have a position. Last week the gold market broke what was a ... (full story)