Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder

Jon Economy, Fiscal Policies, Gold, Market Commentary, Precious Metals

– ‘Commodities King’ Gartman sees $1,400 gold surge in months
– ‘Gold is the one currency that will do the best of all…’
– Pullback below $1300 ‘is relatively inconsequential’
– Use gold price weakness to be a buyer ‘no question’
– Bullish on gold due to central banks and easy monetary policy and gold will be even higher in euro terms
– Gold will be the best of all, as a result of QE and expansionary policies
– Dalio reconfirms belief that ‘gold serves a purpose’ and portfolios should have exposure
– ‘Gold is a diversifying asset’ says Dalio
– Own allocated, segregated gold in Zurich or Singapore
Editor Mark O’Byrne
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Dennis Gartman has called 2017’s gold rally and he is now forecasting gold will be ‘demonstrably higher’ rising to $1,400/oz in the coming months and rise by even more in euro terms.
In an interview on CNBC, he said that the recent correction in gold is but a mere pullback prior to much higher prices and ‘gold is the one currency that will do the best of all.’
Earlier this year Dennis Gartman, of the Gartman Letter, successfully called this year’s gold rally. In the year-to-date the precious metal is up by nearly 13%, thus outperforming the S&P 500 which is 12% higher.

This post was published at Gold Core on September 25, 2017.