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Pentre

Pentre
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  • After recently saying the price is headed to $1K if $1.2K support is broken, Dennis Gartman says it's no longer time to be short gold. He thinks the yellow metal has probably "seen its worst" in the recent selloff in which the precious metal fell to its lowest level since 2010 to under $1.2K an ounce. "I'm not sure that I want to step up and buy," he adds, "but the time to be short of it is passed... it's time to go to the sidelines." (Video[View news story]
    How wise is this man, oh my God! This kind of trading you can only fear and watch! If your sidelines is 200$ range, then you are not in right business!
    Jun 29 06:01 AM | Likes Like |Link to Comment
  • Gold (GLD) may have had its worst month since December of 2011 in April (-7.8%), but the metal rose for the seventh time in nine sessions Tuesday and looks to remain strong for the remainder of the week as investors expect the Fed and the ECB to stay the proverbial course in terms of accommodative monetary policy. Traders will be watching the Fed's tone as it wraps up its two-day policy meeting today and will keep a close eye on Mario Draghi tomorrow, as weak unemployment data and tame inflation in the eurozone have fed speculation of an ECB rate cut. [View news story]
    Yeah right strong...gold will drop more....
    May 1 07:35 AM | 1 Like Like |Link to Comment
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