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<p>[QUOTE=&quot;desertgem, post: 1323327, member: 15199&quot;]Gartman has no better idea of what will happen to gold than most of us.&nbsp; If people want to believe him, that is their problem. He has changed his mind several times on gold, and almost always after it has changed direction. Gold price as we see it, went down because it is denominated in USD which at this time is 80.30, and people are puling money out of gold into cash for the sidelines, or into foreign exchange for USD/Euro exchanges. </p><p><br /></p><p>If you look at the CDS rates, Europe and most of the rest of the world &quot;Big Dogs&quot; are not getting better. Greece looks much more towards default than last week. If the Euro union continues towards defaults, I think the USD will be the largest gainer, gold will find support at 1625- 1675, silver about where it is. </p><p><br /></p><p>I suspect buying gold here is a contrarian action, and I would myself use GLD or SLV. If one was adept with market, I would think a GLV, straddle option would alleviate some worries. IMO.</p><p><br /></p><p><br /></p><p><br /></p><p><a href="http://www.cnbc.com/id/38451750" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cnbc.com/id/38451750" rel="nofollow">http://www.cnbc.com/id/38451750</a>[/QUOTE]</p><p><br /></p>

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