Bitcoin an Option, as Dennis Gartman Says He's Exiting 'Crowded' Gold Market

[Bitrab]

In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775.

“Too many people all of a sudden are involved in the gold market,” he complained. “There’s only one position everybody has and that’s long…people have to be taken out of that trade.”

Back in April, the popular gold investor told everyone “now is the time to buy gold.” Today, Gartman feels the market is overcrowded.
Here: https://news.bitcoin.com/bitcoin-an-option-as-dennis-gartman-says-hes-exiting-crowded-gold-market/