Dennis Gartman On Gold: “Panic is everywhere…I’ve never seen anything like this.”

Are the central banks turning off the spigot? Gartman thinks they are and that is what he thinks is generally pushing down the price of gold. Why the precipitous drop over the last 24 hours? He thinks that Cyprus having to sell off reserves has something to do with it. But no one’s exactly sure.

Things are weird again. We’ll see how long this blip lasts.

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