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Less-Than-Shiny Gold Miners

Newmont's one-year price chart with its TTM EBITDA earnings looks like the trajectory of a belly-flop dive off a high diving board. NEM Chart NEM data by YCharts

Many wonder if the gold miners can rejuvenate confidence among disenchanted investors. If Goldman Sach is correct about the direction of the price of the golden metal, that may be the final nail in the coffin.

If you decide to begin accumulating shares of ABX or NEM, it would be important to have a disciplined exit strategy that you can count on if shares head the wrong direction.

If the precious metals sector can feign death one more time, it may be the buying opportunity of a lifetime. Watch Barrick as the harbinger of the group. For those of us who are long the stock, let's hope a well-respected activist investor starts accumulating shares.

At the time of publication the author the author is long ABX and NEM.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Marc Courtenay is the founder and owner of Advanced Investor Technologies, LLC, as well as the publisher and editor of www.ChecktheMarkets.com.

Courtenay holds a Master's of Science degree in Psychology from California Polytechnic State University, and is a former senior vice-president of Investments for two major brokerage firms. He's been a fiercely independent investment "investigator" and a consulting contributor to the investment publishing world for over 30 years. In addition to his role as an investment publisher and analyst, he serves as a marketing consultant to the investment media industries.

In his role as a financial editor, he specializes in unique investment strategies, overlooked stock investments, energy and resource companies, precious metals, emerging growth companies, the prudent use of option strategies,real estate related opportunities,wealth preservation, money-saving offers, risk management, tax issues, as well as "the psychology of investing". Because of his training and background in Clinical Counseling and Psychology, he enjoys writing about investor behavior, the ┬┐herd mentality, how to turn investment mistakes into investment breakthroughs and the stock market's behavioral trends and patterns.


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