On Friday, Gartman decided to go long gold and short the US$.

To that end, we are rescinding our WATERSHED shift in sentiment toward the US dollar that we invoked in early December of last year. We may invoke it again at some point in the futures, but in an arena where the President is taking such a pointedly anti-capitalist position we chose to stand down. Others will do the same. Money will seek investment elsewhere until such time as the battle between the President and the “Bankers” is won by one side or the other. Yesterday was but the first salvo in what we fear shall be an ever increasingly rancorous war.

...

We, however, are making a material shift in our sentiment toward gold this morning and we
shall again mince no words as we make that shift: rather than owning gold in foreign currency terms, we wish to own it in US dollar terms, for we now fear for the dollar rather than cheer for it in the light of this battle between the President and the Banks. Where we once wished to avoid the bearish dollar bet that one is making when one owns gold in US dollar terms, inlight of the battle that is shaping up between the President and the capital markets, we shall instead embrace that dollar risk.

Last year, he was generally exactly wrong in his gold calls, but he's had a good run lately. The trouble is now how to interpret this. Many of the pundits are betting for a US rise on a 'flight to safety', but here is a card-carrying member of that establishment betting the other way.

Just thought you might like to know.