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Tuesday, September 7, 2010

Gartman on CNBC calling for new highs in Gold

Gartman is calling for new highs in Gold. Really? Gold is only a couple of dollars from its all time highs anyways...calling for a new high here is comedy. His call would be impressive if it was $400 from its highs and then made a new high. This is absurd.

My own take on Gold: a pullback is coming, and I expect it to be sizable one. But I wouldn't jump the gun and short it yet.

Video:
http://www.cnbc.com/id/39040235

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