From Marketwatch:
Dennis Gartman, editor of daily financial trading commentary The Gartman Letter, said Monday that he’s abandoning his long-held bullish outlook on gold.
Gartman said that “good bull markets” don’t fall in the way that gold and other metals fell on Friday, when the precious metal tumbled $27.70.
Gold “has broken this well-defined bullish trend line and it failed miserably on Friday,” Gartman wrote. “It has bounced today [Monday], and we shall sell that bounce and exit entirely!”
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