"You have a problem."

renman95

Long Gold? You have a problem.

DorkGirl

No I don't...I can quit any time.

guitarwes

<< <i>No I don't...I can quit any time. >>



.......just like before.

mrpaseo

This guy is a genius, he can predict that it's bad to be in something that plummeted YESTERDAY.

johnny9434

sure i can can quit again and again and again

cohodk

I agree with everything Gartman said.

jmski52

Gartman is assuming that QE has worked, that the bond bull market of 30 years is over and that the Keynesians have either declared victory or have given up and/or been fired by the administration.

I don't think so.

DoubleEagle59

I've never liked Gartman.

He seems like a total jerk, a complete snob and a know-it-all.

Like all of us and the rest of the financial 'experts' in the media, he's been wrong many times too.

I just don't like listening to him, I guess.

Banemorth

I prefer to listen to my gut. Its track record is about the same as these guys and if I screw up I'm not left wondering "why did I listen to that guy!?"

cohodk

Like all of us and the rest of the financial 'experts' in the media, he's been wrong many times too

Of course. But he has also been right. The PM bulls have only been wrong the last 3 years.

derryb

<< <i>Like all of us and the rest of the financial 'experts' in the media, he's been wrong many times too

Of course. But he has also been right. The PM bulls have only been wrong the last 3 years. >>


I believe it is important to note that many PM bulls have not called for a parabolic, non-correcting metals price future. A number of these experienced metal analysts, while simultaneously warning of short term corrections, are actually addressing the long term price outlook and we will not know their accuracy for some time. These "bulls" were not wrong during the 2008 correction; they were vindicated with rising prices following the last dash to cash episode when metals resumed their steady rise. Time will tell us if they remain on course with their outlook when we have a better idea how short lived the current dash to cash will be. I believe the depth of any market correction is nothing more than an indicator of the fragility in the dollar's actual (vs. perceived) strength.

LochNESS

"You got a problem, I'll solve it / Check out the hook while DJ revolves it / Ice Ice Baby"

jmski52

The PM bulls have only been wrong the last 3 years.

I don't think it's wrong to put savings into pms on a regular basis. When the price is declining, anyone can say that it's dumb, but when the price turns around and everyone wonders how you got into the market at such low levels, you look like a genius. The trick is to avoid claiming that you are one.

cohodk

It seems my response needs clarification. The bulls who have been wrong are those that have only said buy, buy, buy. Have posted ill informed blogs. Have posted links to unknowledgeable technical analysts and who have posted cartoons. These people always fall back on the belief that tine will heal. Fortunately for them time does heal and global monetary policies and demographics have ensured rising asset prices for over 3 generations. Unfortunately, none of us have unlimited time.

How many older folk-- scared into believing the the USA is destined for oblivion and having sunk their savings into PMs--will die before time comes to rescue them?