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Open original source ↗I owe the @CNBCFastMoney crew an apology. They got this call right and I got it wrong. Since this post, $GDX is down 23% and $GDXJ is down 26%. But I'll hold off on the congratulations until they buy the gold miners back while prices are still lower than when they sold.
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The crew on @CNBCFastMoney all agree that now is the time to sell the gold miners. You can’t ask for a better buy signal. It bothered me that they were so bullish at the highs, so this capitulation is as good a contrarian indicator as you are likely to get. Buy with both hands!
PeterSchiff ↗