More matter with less art

Dennis Gartman, dumbass on gold

Reader M writes in to state the freakin’ obvious, but backs it up with a rather interesting chart:
“I wonder why people still listen to Dennis Gartman’s calls on the price of gold. Here is a chart showing the Gartman Letter performance, the TSX, the S&P and GLD as a proxy for gold over the past year.

Cheers, M

The only thing I’d take issue with is that M forgets just how well a decent marketing and bullshit propaganda campaign works on the brains of gringo financial sheep. Apart from that minor quibble, agreed M. Nuff said.

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