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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Market Moves more

Gold’s bull market ‘about to begin a slow death’

Posted on 14 December 2011

Gold, in the 11th year of its longest winning streak in at least nine decades, is poised to enter a bear market, according to Dennis Gartman, who correctly predicted the slump in commodities in 2008.
The metal, which traded at $1,663.22 an ounce in London, may decline to as low as $1,475, the economist wrote Monday in his Suffolk, Virginia-based Gartman Letter. He sold the last of his gold on Monday. Bullion has already dropped 13 per cent from the record $1,921.15 reached September 6 and $1,475 would extend that to more than 20 per cent, the common definition of a bear market………………………………………..Full Article: Source


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VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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