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Gold/Mining/Energy : Canadian Warrants Only

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To: calgarylady who wrote (20863)	8/22/2011 8:08:46 PM
From: shakes	1 Recommendation Read Replies (2) of 23085

CL, In case you didn't catch it, here's Dennis Gartman's understated aside ref. Venezuela's gold delivery: “Gold is strong in any and all currency terms and it is now entering that stage when prices go ‘parabolic,’” he says. Still, GARTMAN says, “we are really quite aggressively long, as usual, in non-U.S. dollar terms.” He added a new wrinkle to his long gold position late last week: “buying ‘near-er’ month gold future(s) and selling those more deferred, for if Venezuela does stand for delivery of gold and if there are any concerns about having that gold delivered, we can imagine a time when the gold futures market goes dramatically backwardated.” Venezuelan President Hugo Chavez ordered his country’s gold reserves held abroad to be returned to Caracas and/or other vaulting centers that he is more comfortable with." I remember Bill Murphy raging about Gartman's denial of "the Cartel" and potential shortages of deliverable gold.... "my, my, my said the Spider to the Fly Jump right ahead an' you're Dead"...says brother Mick Jagger.... Shakes

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