Gartman is backing recommending you sell gold again. LOL. Time to start loading up the boat. That guy is always wrong. This time he is saying that garbage about margin calls again. Same stuff he said before the breakout around 1500. He is missing the fact that the COT report doesn't show much in the way of speculative interest. No one is long paper.
I am buying more as soon as I finish this post. I anticipate a short term rise in the dollar as the Euro Zone flails, major unrest in the Middle East as Russia backs Terrorist/PLO statehood and Iran's Nukes and Israel is being pushed on all sides, and their once staunchest ally is handcuffed by the boyprince. Until a Leader is placed in Pennsylvania Avenue, this zero debt obligation (gold, especially physical)investment is one place responsible long term investors put money.