15.12.2011 - Why the gold bull market is dead and headed to $1475/oz
After admitting earlier that he had liquidated his Gold positions, Dennis Gartman has stated that the gold bull market is dead and quotes the market's inability to positively react to bullish reports as a reason. In his latest newsletter, Gartman states that he is seeing “the beginnings of a real bear market, and the death of a bull”. As for the reason for his belief, he explains that China has been aggressively buying gold for the past weeks. In such a situation, prices should have surged...............................................Full Article: Source
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