I just have to post this commentary from tonights MIDAS, it's priceless

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gwr1

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I just have to post this commentary from tonights MIDAS, it's priceless

posted on Jun 06, 2008 03:12PM

James Mc:

Kaboom goes the Gartman short

Bill,
Jon Nadler said on Monday:

"
Although nothing is ever certain, it might be prudent to go out an buy another few bags of nails for that dollar coffin -assuming one can find any more such fate-sealing devices. The greenback's chances of complete cardiac arrest are now about as promising as Mrs. Clinton's odds for the nomination"
KABOOM!

KABOOM!

KABOOM!

Dennis Gartman said on Tuesday:

Commodities will become "much, much weaker" after Federal Reserve Chairman Ben Bernanke signaled support for the U.S. dollar, Dennis Gartman, economist and editor of the Gartman Letter, told clients.

"We are facing a tidal wave of selling," Virginia-based Gartman wrote in his daily newsletter today. Even agriculture prices "may come under pressure following Dr. Bernanke's dollar support."

KABOOM!

Dennis Gartman said later on Tuesday

:
``The time has come to sell gold short,' Gartman wrote in his U.S.-based daily Gartman Letter today. ``We'll sell a bit of a gold short upon receipt of this comment.'

KABOOM!

I love a good fireworks show, even if it isn't July 4th, but the gold shorts blowing up. I also love phony pundits getting roasted on the spittle of bad gold advice. Had I known Gartman's advice would light him up so quickly I would have brought marshmallows to my office today. The right reverend Ben Bernanke might want to come down from his bully pulpit and witness the world's reaction to his Harvard idiocy. Much like Nadler's lifetime MOTY award, Bernanke might have locked in a lifetime Hasty Pudding award from his Alma Mater. I guess we now know the reason for the recent extra- intense gold suppression. Gold would be looking down from much higher perches right now without the most recent assault.
James Mc

Jon Nadler said on Wednesday:

"Watch for the dollar's ascent towards the 74 mark while oil is losing value. Watch for closing levels as well amid fast-changing conditions. Copper is

at a two-month low. Just FYI."

Jon Nadler said on Tuesday:

"Them's fightin' words. (re: Bernanke- Harvard blather) Do not be surprised to see actual currency market intervention (buying dollars) in the near-term."

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