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Gartman now buying gold

ksammutksammut Posts: 1,071 ✭✭✭
in Precious Metals
Been flip-flopping lately.

Gartman
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    MilesWaitsMilesWaits Posts: 5,310 ✭✭✭✭✭
    Dennis the Menace is a day trader and a market maker or breaker in Gold with his new-found influence.

    Sometimes he is angry at Gold and the Gold-Bugs and sometimes he throws in the towel and admits it is a currency.

    The Menace is a tempermental and emotional man known to mood swings and swift changes in direction.

    He is hurting so help him out by buying more Gold!

    Miles
    Now riding the swell in PM's and surf.
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    jmski52jmski52 Posts: 22,380 ✭✭✭✭✭
    Yup, the last time I saw him on TV, there was nothing he could say that was positive about gold. He must be a contrarian's contrarian!?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Plus he screwed the Cubs that one time. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭


    << <i>Yup, the last time I saw him on TV, there was nothing he could say that was positive about gold. He must be a contrarian's contrarian!?image >>



    When did you see him last and what was the POG at that time?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    jmski52jmski52 Posts: 22,380 ✭✭✭✭✭
    I think it was about a month ago, but I didn't write it down.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    And a month ago gold was melting down. Today it is the same price. Being "not positive" on gold over the last month was appropriate. Im not trying to defend Gartman, but saying timing is everything. Think of those who bought silver in April. If you bought on April 1, then by April 28 you were up 33%. By May 12, you were down 15%. If Gartman had said on Apr 1 that he saw nothing positive about silver, would he have been right or wrong on Apr 28, how about May 12?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    jmski52jmski52 Posts: 22,380 ✭✭✭✭✭
    I'm not a permabull on gold either, and I know that Gartman was approaching it as a portfolio manager more than anything else. That's the problem with portfolio managers - they get "jumpy" over a little volatility.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    BigEBigE Posts: 6,949 ✭✭✭
    He loves the limelight and to hear himself talk, thats about it------------------BigE
    I'm glad I am a Tree
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    golfer72golfer72 Posts: 3,588
    Gartman? He is the same as Kramer. Dont listen to these idiots
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    lightcyclerlightcycler Posts: 546 ✭


    << <i>Gartman? He is the same as Kramer. Dont listen to these idiots >>



    Pretty sure he's the kid on South Park
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