Dennis Gartman of the infamous Gartman Letter (one of the most expensive investment newsletters out there) has gone long gold again, not that long after saying he was staying away for a while.
Mr. Gartman’s trading in gold reminds me of the action of a ping pong ball. I’m not sure he ever makes any money at it, usually getting stopped out within a day or so it seems.
Just the other day Dennis made a comment that seemed to admit belief in government manipulation of the gold market; in fact, I’m not sure how else the comment could be taken. Yet, only a day later he backpeddled and stated that he did NOT intend to imply any such thing.
Dennis is too smart to misspeak like that; and they say he is well connected. (Then why doesn’t he make more money on his trades?)
IMHO, if you want to make money in the gold market, learn more here.
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