QUOTE(nasze_89 @ Jan 3 2012, 09:17 AM)
"We have the beginnings of a real bear market, and the death of a bull," said veteran trader Dennis Gartman, a long-time gold bull who completely exited his bullion investments last week.Since September, gold has underperformed commodities measured by the RJ/CRB index and the euro, while U.S. equities measured by the S&P 500 eked out a slight gain.
Drop below $1500 per oz, (RM 169 per gram if $1=RM 3.2)
This is just a forecast, so my advice, buy when the trend increase, around RM 150-160 per gram if u are risk averse people.
You listen to this fool at yer own peril........Flipflopping at a sneeze?
http://www.cnbc.com/id/45828049Gartman as Gold Tops $1,600: ‘I Missed the Lows’
Gold bulls are feeling more comfortable as the precious metal rose more than 2½ percent on positive economic data, but is it time to get in the trade?
“I got unlucky in not turning bullish properly,” noted investor Dennis Gartman said Tuesday. “It’s still a long-term bull market, and I’ll get bullish again. It looks like I missed the lows. Those things happen.”
The Gartman Letter publisher made headlines when he announced he had sold off the gold in his personal account.
Added on January 4, 2012, 1:14 pmGrandich Raises Gold Challenge to $2 Million.
By Mark Gongloff
Everett
Two MILLION dollars!Newsletter writer/bomb thrower Peter Grandich is at it again.
A few weeks ago he launched a broadside rant against three of his fellow newsletter writers, including Dennis Gartman, who have recently dared to suggest that gold might possibly not be a great buy right now! After labeling them the Three Stooges, he challenged them to a $1 million bet that gold will hit $2000 an ounce before it hits $1200 an ounce.
The response from the Stooges ranged from calling Grandich a nut job (Jon Nadler of Kitco) to wishing him a Merry Christmas (the chivalrous Gartman).
Having not thoroughly spooked all the horses with that first bet, Grandich has today raised the ante, directing all of his ire at Nadler and challenging him to another bet, now $2 million, that gold will hit $2100 before it hits $1000:
I hereby challenge Mr. Nadler again, this time raising my wager to $2 million — still not anyone’s “life savings.” I’ll increase the bet’s target price by $100: that gold will see $2,100 before $1,000. The winnings are to be donated to charity.
It’s a shame that someone can continue to be so wrong without being questioned. When Mr. Nadler resorts to misrepresenting me, it’s time for him to put up or shut up.
If Mr. Nadler’s forecasts have been so profitable to him and his readers, why wouldn’t he accept this challenge?
I have arranged for the law firm of Lomurro, Davison, Eastman & Munoz of Freehold, New Jersey, to hold the wagered funds in trust. My offer to Nadler is good until 12:01 a.m. ET January 9, 2012. And since my side of the wager is derived from my personal funds, Mr. Nadler’s $2 million match to my wager shall also be certified as deriving from his personal funds or funds derived from the assets of his immediate family.
MarketBeat doesn’t want any part of this debacle, but will agree with Grandich that $2 million is “not anyone’s ‘life savings.’” MarketBeat’s “life savings” are more like $200.
Gold was recently up 1.65% at $1566.40. Your move, Nadler!
Update: Nadler responds in the comments section:
For the record, what I said about the man was: “Peter Grandich is not worthy of my time, or of my attention. He is a desperate man, desperately seeking attention,” said Nadler, in response to an email requesting comment on Grandich’s blog.” That is not a “nut job” quote. … Finally, also for the record, I do not advise my readers and I do not predict anything, unlike Grandich. I do find it sad as well as humorous how he keeps moving his betting targets now that his first number is about to fall. Totally disingenous. That is why no one is paying attention.
PS: Here is one bet you can count on: Effective today, the name of Peter Grandich will not be mentioned by me directly or indirectly in any way. He no longer exits as far as I am concerned and no time of mine shall be wasted on anything that has to do with him and his antics.
Update 2: Grandich writes:
In typical “Tokyo Rose” fashion, Nadler not only totally fails to answer truthfully about his actual track record, but he again outright lies by using a $1,500 number that never existed in any and all claims except in his warped and devious mind. The sad part is the author of the column doesn’t seem to grasp that nor the ample evidence of exactly how wrong Nadler has been for years. And may I add as a standardbred horse owner that if nadler was indeed a horse, it would be much easier to accept what he dumps and leaves in his path of twisted truths, lies and deception. P.S. Also as a horse owner I can say based on his heartless track record, he couldn’t find a suitable race even at a state fair. P.S.S. And to Mr. Gongloff, thank you for proving my point about most in the media.The great Jim O’Connell must be wiping yet another tear from his eye in Heaven.
Update 3: Grandich further adds:
Jon Nadler wrote :
“PS Here is one bet you can count on: Effective today, the name of Peter Grandich will not me mentioned by me directly or indirectly in any way. He no longer exits as far as I am concerned and no time of mine shall be wasted on anything that has to do with him and his antics.”
This is basically the line Nadler used when he said gold topped out at $800 and was not in a bull market when ROB-TV offered to host a debate between us only to have Nadler hide in the safety of his useless column and twist facts and comments of mine and others who did something he never managed to do since gold was $300 – gets its long term direction correct.
If it was just a matter of being wrong there would be no challenge because I’ve been wrong many times only I don’t try to change history and make like it never happened. Sadly, this journalist is like many who couldn’t begin to be truly fair and balance. Thankfully, my Savior more than makes up for it and that shall be my comfort for the lies and deception that nadler continues to dwell in (and this columnist indirectly helps support with his first grade wit and charm). End of discussion with this column but I shall never waiver to speak up when such decitful people like nadler make a mockery of truth.
This post has been edited by prophetjul: Jan 4 2012, 01:14 PM 
Jan 4 2012, 12:32 AM
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not lik last time i buying gold bar can lock the gold price i like. Feeling like have to sit at branch and monitor their gold price. Lol
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