Monday, November 25, 2013

Dennis on Gold

On Gold:
Fridays this year have been “treacherous” as investors have been been consistent and aggressive sellers going into the weekend, Dennis Gartman, editor of the Gartman Letter, said.

“The gold bulls look for any scraps of news to hang their arguments upon, but they are now left only to argue about 'manipulation' by some un-named nefarious sources as the reason for gold’s weakness. That is one of the poorer reasons to be bullish of gold, but it is the reason given by the 'Bugs' far more often than not,” Gartman added.