Loading ...*Dennis Gartman…
what has our attention is that the volumes transacted in the futures market has plunged as prices have fallen. That we see as demonstrably bullish news!
we are still aggressively long of gold but as the rallies in gold and silver on Tuesday of last week had reached seemingly stunningly overbought levels, we cut that position back a good deal. We began buying back which we had sold Thursday of last week and we bought more on Friday and we bought back a bit more yesterday and are now almost as long as we were at our peak.