WallStForMainSt: 'WTF Just Happened?' #7: Gold Bottoming? Sentiment Sucks, Hedge Funds Most Net Short Since '06

  • Monday, 09 July 2018 05:00
Perhaps the best contrarian indicator for the directional movement of gold and silver is Dennis "Wrong Way" Gartman, who recently announced that he was dumping all of his gold "positions" (note: Gartman's "positions" are theoretical paper portfolio trades): As for gold, we have clearly held on far, far, far too long to having owned gold…clearly we’ve been wrong to have erred bullishly of gold in any fashion whatsoever. We shall have no choice henceforth but to look upon any bounces that we get as opportunities into which to sell (The July 2, 2018 Gartman Letter, page 4). This is true manna from heaven for precious metals investors. Dennis Gartman is one of the best contrarian signals we have observed in over 35 years of involvement with investing and financial markets. He has a remarkable capacity to endure shame because he is almost always wrong when he goes long or short any investment. His wrong-way calls are becoming legendary. But if this isn't enough evidence that now is the time to start buying, reloading or adding to your favorite mining shares and buy more physical metal, in this episode of "WTF Just Happened?" we discuss several other market indicators that point toward a big move coming in the precious metals sector ((WTF Just Happened is a produced in association with Wall St for Main St. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 40 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**

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