Dennis Gartman is highly respected in the financial newsletter arena, and why not - he has one of the most expensive letters out there ($500 per month if I’m not out of date).

The other day I wrote how I just couldn’t come to grips with his buy strength, sell weakness plan that seems to burn him more often than not on gold trades.

Well, it looks like it happened again. I can’t say for sure but I’m guessing that yesterdays gold cartel pull the plug at the Comex open is likely to have stopped out Dennis again after just 2 trading days of being long gold.

As Ed Steer pointed out this morning in Casey’s Daily Resource Plus:

Right in front of options expiry is never a good time to go long either precious metal. The Cartel pulled this very same trick before options expiry in March, April, May…and now June.

The cartel certainly enjoys painting the charts of gold and silver. Seldom do you see such a straight line up or down and yesterday’s was straight down once the Comex opened in New York.

Now, if they would only drive it back down to about $860, I held out too long the last time it was down near there and I missed it…

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Don”t you miss it. Find out what’s going on with precious metals in Casey Research’s Big Gold; I highly recommend it!