I do not subscribe to Gartman, and like most other advisors, I think his suggested choices are very self-serving. Perhaps a subscriber could confirm, but did he not state that the bull market for gold was over just last month? I mean if he did, and then he reverses that call so quickly, how much can faith can anyone put in what he has to say?

My personal take on Gartman is that he is well connected. I think he was given a quiet word that there was broadbased support to prop up the dollar last month, and he chose to step out of the way, and also to throw his support into the program by talking gold lower. And it worked, for about 3 weeks. Now he is smart enough to realize that the scam to prop up the dollar is about kaput, and he is jumping back miraculously onto the gold bandwagon.

I dont pay much attention to these guys. I bought another 5-oz of gold last month near in the mid-$800 range so perhaps I am ungrateful that they helped me to buy cheap. But given the setup for gold to run much higher for many years to come, who the hell cares if the PMs go through episodes of weakness? Thats what metals do. Why is it such a terrible thing if a correction comes along, and all these gurus have to make such a big fuss and recommend people move to the sidelines? A pox on all their houses.

cheers!

mike