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Gold reversal & the reason offered by Dennis Gartman

By: clo in ROUND | Recommend this post (0)
Thu, 04 Aug 11 8:15 PM | 83 view(s)
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Msg. 34262 of 45644
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Dennis Gartman on CNBC said that margin rates will change/increase & that is what will create pressure on gold.
He thinks it could pull back from $50.00 to $100.00 in the near term. He would sell it here.
Gold is speculative, silver more so, since the public can buy it easily. clo




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