At the risk of repeating myself for the umpteenth time, Gartman is an idiot! If in fact gold was more valuable if purchased in E than in $ is ignorant in the expreme. The price of gold in individual currencies is just an immage of currency exchange rates. If it wasn't there are billions of $ of funds available to sell gold in the curencies where it was suposedly going up faster, exchanging for the currency where gold was lagging, and buy gold in the lagging market. The market would erace any significant imballances as soon as they cropped up.

If he wants to bet on currencies, he should just do it in the FOREX market.