Gartman said the fundamental news, including European woes was all there for the continuation of the gold run.
The reason I ask is if you told me you had analyzed 1000 bull markets, I would feel a little more inclined to believe you that the current 13-year gold run could have a couple more years to go.
But if you have analyzed a dozen or a couple dozen bull markets, I am much less inclined to think you have a valid argument, and that our current gold run could easily fall below the low end of the range.
The first factor that led to the gold price run up was the creation of easily tradable gold ownership securities, in particular the two aforementioned Exchange Traded Funds.
Two technical analysts, Adam Hewison, president and chief strategist with INO and MarketClub.com and Darin Newsom, Telvent DTN senior analyst, both said gold has run into short-term technical chart resistance which could put pressure on prices.
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However, a handful of commentators and have begun to question whether the gold bull has run out of steam.
Gold began its run up in 2006 and other than a brief dip in 2008 had marched steadily higher through 2011.
While any investor can buy gold or gold ETFs, land is harder to purchase and the combination of a big run in gold and a terrible housing market has created some relative value opportunities in some types of land.
Another sign gold's rebound may run flat is that metal held by gold exchange traded funds has declined even as prices recovered.
As gold has gone on an incredible bull run, so has Barrick Gold.
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Assuming the continued movement of gold back and forth between countries, in a free market situation no country would ever run out of gold.
There was a growing fear that foreign central banks would have a run on gold.
The impressive run in gold in recent days signals the potential for greater central bank accommodation worldwide.
This year is setting up to be the year in which the secular bull-run in gold finally ends.
The firm is a spin-off of the old Polyconomics indie research firm run by gold bug and famous supply side economist Jude Wanniski.
Gold and Brewer have run into one of the classic problems of biotech: a treatment that seemed promising but has had trouble finding its market.
Others pointed out that gold has been hit by the strength of the dollar and if the dollar does pull back from its recent run higher then gold will rebound.
But gold has continued its run, and silver has risen even faster, and it has been a bit sobering to reflect that my portfolio would have done better if I had left well enough alone.
However, it would be madness to write off Denman, who himself beat another Gold Cup rival Albertas Run out of sight that day, and it would be no surprise at all to see him bounce back.
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The home crowd had hoped for a first individual gold of the Championships, but a poor first run from Hirscher ruined any dreams of gold.
It is those attributes that have historically allowed countries with gold-defined money to run up large deficits.
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Those who now fear inflation is set to run riot believe gold is the only place to invest.
Industry executives said the government may limit the amount of gold imported by state-run agencies such as MMTC Ltd.
The American wrapped up gold with a stunning first run, which included back to back double corks with double grabs.
But following my philosophy of shunting slowly, I have still profited quite well from the run up in gold and silver prices.
And then, just when we think it is ready to scale its final peak, gold could turn tail and run for the valley.
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Correctly sensing that Fort Knox would quickly run out of gold, on Aug. 15, 1971, Nixon took us off the gold standard, and the inflationary '70s began.
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