Somewhere in here gold is a fantastic buy. I thought it was in April. I'm not a genius, but I do know that when I can pull up a Monthly chart like gold and look at my sentiment indicators that I've been compiling since the mid 90's and see that literally they are as bearish as they have been since 2000 I'd be an idiot to not start positioning myself to be a buyer. There is a lot of hope priced into stocks right now, and fear into gold. When that turns I don't know, but you shouldn't be trading/investing if you can't realize that.
Gartman might turn up right (or wrong) on a given prediction on a given day) yet there is no reason to listen to a talking head. Listining to the clown show is no t a strategy. It is not even that it is not a good strategy it is not in any way, shape or form a viable approach to speculation. The talking heads are entertainers ... pure and smple.
2 weeks ago Gartman was bullish on Copper and Steel. They're going nowhere unless inflation takes off. If you act on his recs, be ready to reverse at any time.
You mean like the top I ticked when I called it a mania? Bulls make $, Bears make $, Fetishists.....wear Prada.
Exactly. We seem to be in a deflationary environment, so there's no reason for anyone to buy gold at this time.
banks not playing along with the bitcoin fetish so beloved here http://online.wsj.com/news/articles/SB10001424052702304202204579252850121034702
A real trader does not concern himself with any particular financial instrument, be it gold, sugar or Mexican pesos. If horse shit futures is moving up he will buy horse shit futures contracts, if they are liquid enough (no pun intended), period.