Dennis Gartman, who has been stating that for gold bulls what has been tough continues to get tougher, apparently feels that the commodity bull market has come to an end.

Is he right? Only time will tell, but just because a lot of people were on one side of a bet at one time and came crashing down - in part thanks to some bank and central bank activity (to shore up some impoverished banks perhaps?) - doesn’t mean that it’s over.

Gartman termed the collapse of hedge fund Ospraie as a sign of the times and stated “I’m sorry, but, all bull markets come to an end”.

Maybe, and maybe not. Just because some momentum players get violently shaken out of the market doesn’t mean that the same fundamentals have all evaporated.

Short term traders may want to stay away from gold and silver. But those who buy it because of what it is and not just as a currency trade may find today’s prices better than those down the road.

If you want to follow long term trends and not be confused by short term market noise, then perhaps you would do well to take advantage of my $50 discount link to the TREND letter