3 Bearish Similarities in Gold Miners

From sunshineprofits.com

It’s tempting to read into the recent small upswings in the price of gold and the stock market as a sign that things are on the up. Despite these short-term moves, the writing is in the charts and the charts point to bearish forces gaining strength. As gold declines, and the general stock market declines as well, miners are likely to truly slide, taking bearish cues from both. Gold moved somewhat higher yesterday, and miners moved lower yesterday – even below their Monday intraday lows. Based on these moves, we have a situation where all key parts of the precious metals sector: gold, silver, and mining stocks are ... (full story)