My first response to this question, is…”who cares?” I listened to Dennis Gartman speak at a LPL financial conference a few years back and Dennis Gartman gave a speech about how he readily admits he is wrong 80% of the time. So while Gartman was on CNBC telling everyone he was selling his gold, he actually sold 1/4 of his gold holdings …
Read MoreSep
20
2011
The video below is living proof that CNBC journalists don’t understand gold. While some in the video have gone on to other jobs or have passed on, they have been part of a trend at CNBC of continued ignorance along with other financial advisors as to how gold fits into a diversified portfolio. Most of this ignorance comes from their adherence to …
Read More0Oct
7
2010
Mar
19
2010
Dec
11
2009
Trading Gold In EURO’s Instead of Dollars Now Making Sense
By: Doug Eberhardt
Category: Gold
Tags: dennis gartman, elliot wave theory, EURO, Gold, trade gold, U.S. Dollar, U.S. Dollar Index
23 days ago I wrote an article Trade Gold In EUROS Instead of Dollars? Switching May Make Sense Soon where I presented the case that the GDP of the Eurozone didn’t support the appreciation the EURO was receiving over the U.S. Dollar, which also was experiencing lousy GDP numbers. It was the fact that the EURO was approaching its all-time highs against the U.S. Dollar that made no sense.
Read More0