Have you noticed that those cash for gold ads that were everywhere a year ago have mostly vanished?
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Cash and gold
Dennis Gartman thinks that might be a bell ringing in the top of the gold bubble. Via Reuters:
In another sign that gold may be due for a correction, commercials from retailers seeking to buy back gold from individuals have been scarce lately.
When gold prices began to take off back in 2008, television, radio and newspapers were filled with ads offering to buy and sell gold.
"But now, you only have ads enticing people to buy gold products. That almost always marks an interim top," Gartman said.
