Monday, August 8, 2011
I just found out that the widely followed and highly-visible-on-CNBC Dennis Gartman cut his gold holdings in half on Friday! Those of us in the precious metals investing arena have been saying for years that Dennis Gartman is the ultimate contrarian indicator! Reminds me of when he dumped his gold holdings at $550 in the summer of 2005 and missed the entire run up to $735! Another 34% run without Gartman on board will take us to $2250 (based on Friday's close)!!!
Posted by Dave in Denver at 11:49 AM