Surprised? No, you’re not. You read my analyses, and you knew that gold miners are going to magnify stocks decline when it happens. In my analysis yesterday (written and posted before the markets opened in the U.S.), I wrote the following: The S&P 500 futures formed a clear shooting star reversal in late July, and it can also be viewed as a failed attempt to move above the mid-July high. Stocks attempted to move above this level also in early August and they failed once again. Today’s early decline suggests that the rally might be over. Why is this important for mining stocks? Because they moved lower ... (full story)