NS: Gold seems to be doing OK so far, after Boon identified our new entry.
LT: Yupe...
NS: Now they are all talking about Gold again... and... well, this has nothing to do with Robert Prechter, but Dennis Gartman [1] just reinstated his Gold long position last Friday. Looks like Boon has again been 1 step ahead of these guys...
LT: Oh yeah?
NS: "With the suppleness which makes it both derided and admired, the institutional service the Gartman Letter suddenly reinstated its gold-long position on Friday morning. Editor Dennis Gartman had been on TV programs earlier in the week expressing pessimism about gold, having abruptly sold a larger position at an early stage of the slide that started in mid-April." [2]
LT: We should remain cautious. I think Boon will have something to say when prices reach a certain point...
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