Under User Group Permissions for Moderators I have everything set to Inherit. It receives all of its permissions from Registered user group.
For the moderators forum I have it set to Private Node and I have the moderators and administrators user group set to View for node.
If the user is just a member of the Moderator usergroup they can not see the forum. If they are a member of either Administrator or Moderator and Administrator they can see the forum.
An analyze for a user this happens to returns: https://www.dropbox.com/s/ohr9gkjptz56jcr/Screenshot 2014-10-30 08.46.32.png?dl=0
Any help would be appreciated.