gold shakeout looming

Now below $390 ... could be a lot more nervous selling into this correction this week.

Weak gold stocks will suffer the most during this period while smart money moves into the better golds as stock passes from weak hands to strong.

Does not look to rosy for the like of LHG and CRS which are already in signigicant downtrends.

That said, the long term trend is for a significantly higher gold price.