From today's Gartman Letter...... (9-1)
"Finally, regarding gold, we are long of gold in EUR and Sterling terms, and we are really quite comfortable being so. There is someone or something obviously offering gold in US dollar terms at the $960 level and we’ve no reason to believe that that “someone, or something” shall be vanquished this week given the low populations on the global gold trading desks. It will take a movement upward through that level, and also upward through £590-600 and/or €675 to get us excited. We’re interested; we’re just not excited. As we write, gold is trading €663.30 and £482.50 and we are quite bored by it all."