
Gold is doing well because the folks who manage our economy are not doing their jobs well. I have commented on why that is the case in many previous posts and won't repeat it here.
Look at gold - doing fine:



Why? Because production costs are rising more slowly than the price of gold, and gold miners' profit margins are therefore rising faster than the market price of the product they sell.

Therefore, in my opinion...
It's time for a new direction in gold mining stocks!
We've come to a fork in the road....
If I'm right, gold stocks can double from here like falling off a log.
In fact, as this relative downtrend in the gold miners has progressed, I've actually been raising my targets.

I think we are seeing tension analogous to a spring under pressure. With release of the downward force (the broad markets have not believed in the 10-year gold trend), the prices of the miners should spring upward with ever more force.
Watch out above....
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Nice post about New Direction in Gold Mining Stocks! In trading today gold broke $1,600 per ounce for the first time in history to $1,604.70, coming off a low of $1,478.30 on July 1st. Gold prices have rallied more than $120, which is an 8.5% gain in just a few weeks.
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