3 weeks ago Dennis Gartman, one of the worlds most respected market analysts and perhaps most widely read newsletter by fund managers, told his flock to get out of gold.

Today he's done a complete reversal and said to get back in claiming that he sold in the $900's. Mind you, he might have sold in the $900's but his followers would have been luck to since the day he recommended selling gold was a very bad one and if they were lucky enough to get on the move early or even do it that day they'd still have sold lower than he did. Now he's recommending buying it back at $890 and it's likely to go higher still before they get back in so his flip flop probably didn't do a lot of good for his flock.

None the less, good for Gartman to be able to reverse his position on the dollar and gold. More importantly, it's good for us because he really is influential.

Since reading his newsletter I've noticed quite often how much he influences the commentators on CNBC. It's remarkable but makes sense as they're quite busy prepping for their interviews, makeup, what have you... how much time could they spend doing research. I'm sure their research includes a briefing on the company they're about to interview the CEO with as well as Gartman's letter and a few other industry newsletters and internal briefings from CNBC. I would sugges that they probably couldn't spend more than an hour per day researching with exception of Maria Bartoloroma or Jim Cramer who obviously do their own research and at great lengths.

So now that the gold play seems to be back on and sub prime seems to be 70% done at least and investor appetite is returning to the market we should see our juniors run. All juniors will do well as the sector does but NIOGOLD should be a big outperformer as they have money in the bank and a current drill program underway.