The "old windbag" (not my descriptor, I know little of the guy; but that of a friend well known to this blog) has apparently done an about face on gold.
Gartman: EU Debt Plan to Hurt Currencies - Buy Gold in USD, GBP & EUR as "Is a Currency"
And you can buy gold in those currencies and store it in Zurich, London or NY by hitting the BullionVault graphic on the right side bar. ;-)
http://www.biiwii.blogspot.com
http://www.biiwii.com
Gartman: EU Debt Plan to Hurt Currencies - Buy Gold in USD, GBP & EUR as "Is a Currency"
And you can buy gold in those currencies and store it in Zurich, London or NY by hitting the BullionVault graphic on the right side bar. ;-)
http://www.biiwii.blogspot.com
http://www.biiwii.com
Give him credit for being flexible.
ReplyDeleteWhelp, looks like gold's not going to break out anytime soon. Damn Gartman.
ReplyDeleteGood if you are looking to buy though.
[Protip: always fade Gartman.]
:D
I don't care for the way he uses the word "shall" as in 'gold shall do this' or "currencies shall" do that... Who does he think he is, god?
ReplyDeleteYou are right Gary; I have never met the man but he does have an arrogant S.O.B sense about himself.
ReplyDeleteMaybe he's written a contract for gold to sign. I know I'm required to use "shall" in every phrase to bind a contractor.
ReplyDeleteWhy would anyone want to store their gold in Zurich? Unless of course they're Hosni Mubarak or Moammar Gadhafi, or any of the other billionaire dictators who Forbes refuses to list in their Richest People of the World list for fear of upsetting the bankster class.
Here's the difficult question for you, Gary: should you use Gartman as the ultimate contrarian indicator? I.e., is gold's run now finished?