DUH!
Writing in his daily investment letter, Mr. Gartman said he was reversing his position on gold, and now views the precious metal as being in a bull market."
and I love this part:
"When Mr. Gartman made the bear call last month, Mr. Grandich said he was willing to wager Mr. Gartman US $1-million that gold will hit US$2,000 an ounce before it hits US$1,000 on the COMEX.
He even went as far as arranging for a law firm — Lomurro, Davison, Eastman & Munoz of Freehold, New Jersey — to hold the US$1-million in trust.
Mr. Gartman did not take up the offer."
He even went as far as arranging for a law firm — Lomurro, Davison, Eastman & Munoz of Freehold, New Jersey — to hold the US$1-million in trust.
Mr. Gartman did not take up the offer."
- Read the full article here:
