Goldman Sachs Group, Inc. (GS), Goldcorp Inc. (USA) (GG): The Gold Plunge Continues. Today, $1,500. Next Stop, $1,400?

The verdict
When gold prices remain stagnant, even in the face of global weakness, it’s time for concern. Gold has enjoyed a solid run, but the current slump seems likely to continue. In addition, where miners such as Goldcorp Inc. (USA) (NYSE:GG) have underperformed the commodity for an extended period, earlier in the week that trend seemed to be reversing. Structural changes of this nature should be seen as an additional warning sign and a cause to stay on the sidelines. If you want to maintain some exposure to gold, the miners may be ready to reverse some of their underperformance and may provide a more attractive investment profile at current levels. Gold remains under pressure, and a tumble to $1,400 seems a good probability.

The article The Gold Plunge Continues. Today, $1,500. Next Stop, $1,400? originally appeared on Fool.com.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs.

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