Gartman Letter 'stunned' by favorable reference to GATA by FT's Gillian Tett

Submitted by cpowell on 02:47PM ET Tuesday, October 25, 2011. Section: Daily Dispatches
From The Gartman Letter
by Dennis Gartman
http://www.thegartmanletter.com/
Monday, October 24, 2011

... We turn to gold, which is strong, and we are somewhat stunned to have read in the Financial Times on the way home from out west of the embrace that Ms. Gillian Tett has given to GATA and the folks who have promoted the notion that governments everywhere have worked collusively to keep the price of gold down.

(See http://www.gata.org/node/10591)

Ms. Tett is influential, and well she should be, for her work in the past on a myriad number of concerns regarding finance has always been of the very highest order. When Ms. Tett writes, we read. It has always been thus and it shall almost certainly always be thus.

Therefore, with Ms. Tett's endorsement of GATA's main thesis, gold is higher ... sharply ... and is back to the levels at which we sold half of our position several weeks ago. ...