*Dennis Gartman…We remember a lesson regarding trading that the great Richard Dennis taught everyone: to absolutely respect new high closes at any week’s end, for powerful moves almost always follow hard upon. The close on Friday was impressive; the “Gap” higher this morning was even more so, although as noted it has since been closed following the President’s above mentioned “Second thoughts.” Finally, we not only survived Friday given the history of Fridays being manifestly detrimental to gold, but we profited enormously. Richard Dennis was right…
IPSO=Lol–yup! Been hearing that for the pst 20. years
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