Earlier this week Gartman went short on Gold... first time I've personally seen him actually short gold although he has been off gold more than not for awhile chosing to time it down to a t, playing for every noodly swing rather than socking it away as insurance against currency volatility as is it's most common practice.

Nadler, a bear by my account since gold was just under $400.00 and of course, we have his columns to prove it, has once again written another bearish column today, even though gold sit's at more than double what it did when he turned bearish and at a higher price than it has for all but about 7 months in the last 20 years and higher than at almost any point in history.

Gold in Canadian dollars is about at it's all time high. I am Canadian so do not regret buying gold last September. Gold in Brittish Pounds is at an all time high. In Euro's... an all time high or bloody close to it.

Where Gartman and Nadler, two supposed experts on the stuff get it very wrong is that they don't understand some basic principals of investing.

1. Diversification: Ya... pretty simple stuff.. Investing 101... yet the bear bums don't seem to get it...

Diversification in terms of sectors is one thing but it's a small picture thing. One must look to a broader picture for true diversification and not contain their wealth within one country as Gartman is now (the US) or one type of financial market. Gold is both an international currency and an investment vehicle that trades on all markets at all times. Gold has never not had value since the beginning of civilization. And gold has always had more value to each successive generation than the last... name one other investment that has such a history beyond 2 generations.

2. Long Term Investing: Investment 101 again...

Playing for daily swings on gold is ridiculous. Oh, I've got nothing against daytrading or swing trading or daily trading or momentum trading. But to trade the core of your portfolio, gold, to try and grab a couple of percentages here and there is nuts. It just doesn't work. Step back... look at the big picture. Will gold drop next week? Maybe... I don't think so but I don't invest in Gold for next week. I invest in gold for the long term. It's the rock, the anchor, the backstop of my portfolio. It's always going to have value. These two morons just don't get it.

In the past year the two of them have been bashing gold bulls. Most recently it's like they have chosen bearish positions just to spite the bulls. Nadler in particular is the biggest nob of the two as he brags about his position when gold dips and then scurries away when it rises. Of course it's going to go up and down. That is because currencies go up and down.

I have seriously to wonder about these two. Are they trying to do their best to push down gold for their own personal interest? Are they doing it for someone else's interest? Or, are they lovers who love to play with something short?