Certainly shocks me, GWR, given what Gartman had said regarding gold two days prior (Wed), which, essentially, warned those long of gold that the fact that the signatories to the Washington Agreement had much gold within their quota yet to sell, had to be of concern to the gold bulls. Now, he finds that bullish for gold (i.e., they're not selling, cuz they think it's going up). In his Thursday newsletter, he had temporized, though, so easing into this transition.

That's part of the reason I asked BigPic the question about whether the fact that gold closed above $900, took the low eights out of the picture, cuz that's where Dennis G. was thinking he'd be buying back in (around $820).

Lots of electricity being used in SoCal this weekend for air conditioning!