I am not disagreeing with Gartman. Yen gold has been a good place to be for a long time now. It's just that he will have this view now, maybe make a percentage point or two, close his position, miss the next 10% up move. Then he'll short and make 1%, then cover his short. Then he'll miss the next 5% up move, after which he'll come in again and capture the last couple of % of the move. I've seen him doing it for years.
He is a shameless self-promoter, not a good trader. Go ahead and get yourself a free multi-month subscription to his newsletter. I bet you won't be able to stomach his tortured English grammar, let alone his flip-flopping trade ideas. Stick with Trader Dan and Turd Ferguson if you want good technical and fundamental analysis of the PMs.
Gartman just said he wants to own gold in yen terms.
ReplyDeleteIs this good?
Gartman has sold more troughs and bought more peaks in gold than anyone in the world!
ReplyDeleteI guess you can safely say Gartman has a "yen" for gold..HA HA HAH!
ReplyDeleteI am not disagreeing with Gartman. Yen gold has been a good place to be for a long time now. It's just that he will have this view now, maybe make a percentage point or two, close his position, miss the next 10% up move. Then he'll short and make 1%, then cover his short. Then he'll miss the next 5% up move, after which he'll come in again and capture the last couple of % of the move. I've seen him doing it for years.
ReplyDeleteHe is a shameless self-promoter, not a good trader. Go ahead and get yourself a free multi-month subscription to his newsletter. I bet you won't be able to stomach his tortured English grammar, let alone his flip-flopping trade ideas. Stick with Trader Dan and Turd Ferguson if you want good technical and fundamental analysis of the PMs.