The Gart-man Exits Gold Also

The Gart-man Exits Gold Also

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!”