Dennis Gartman spent a few minutes on Al Korelin’s radio show talking about gold and it’s future price. Dennis Gartman disagrees with the typical guest on Al’s show. Dennis is comfortable being short of gold and feels the near term price is down.
In fact, continuing to be at odds with other guests of the Korelin Economics program, Dennis feels this is just another recession. He said that, and he listed a number of other recessions in the 20th century, this is similar to those in that we didn’t know how we would get out; but that we did then and we will now.
Mr. Gartman feels that 1974 was worse than now because unemployment was higher then.
Well, I don’t remember 1974 as well as he does. But I do remember, and know this from the history books, that our financial system wasn’t imploding then. We didn’t have the largest banks in the world going belly up. We didn’t have the big three going belly up. We didn’t have countries of the stature of Iceland in the trouble they are in.
Dennis Gartman is a lot sharper than I am, and infinitely more learned on economic matters. But Mr. Gartman, who charges $500/month for his newsletter last I knew, probably isn’t feeling much of pinch right now. But since he knows so much more than I do, perhaps you should listen to him, not me.
But I know some other people who are incredibly sharp also. And those people are expecting gold to bottom in the next week or two. And if it does, they will be selective buyers of gold mining equities.
If you want to follow Mr. Gartman, then maybe you should look for a bounce in gold to go short; and go to his website and pay $500 per month for a subscription. If you don’t like what he says, I can assure you that you will at least be entertained by the way he says it, and impressed by the research and logic he uses in his financial newsletter.
If, on the other hand, you think it might really be different this time, perhaps because you have NEVER seen so many governments throwing so much money at so many problems ever in your life, then perhaps you want to read more from someone with a bit different take than Mr. Gartman.
And you can do so right now, I will give you the link.
But just in case you decide to subscribe to a newsletter that charges less than half of Dennis Gartman’s MONTHLY subscription for a WHOLE YEAR, then subscribe via this link and save yourself $50.
