Gold, the M3, and Manipulations
"Why does the Fed no longer want to report the total quantity of dollars in circulation? They know what's coming - massive amounts of dollar creation to fund the worsening trade and federal government budget deficits."Dennis Gartman, of the Institutionally- favored Gartman Letter, generally rubbishes these kinds of concerns. But nevertheless this past week, Gartman increased his portfolio exposure to gold to about half, depending on how you calculate it. He also bought back a position in Suncor Energy Inc. (SU), about as pure a bearish Middle East bet other than gold that I can see.
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posted by G @ 11:03 AM
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