Last December, Dennis Gartman called gold the top commodity to own in 2017. He followed up in March, swearing he wasn’t a ‘gold bug,’ but then advising ‘buy gold.’ Now the man known as the ‘commodities king’ says keep buying gold.
In an interview on CNBC’s Futures Now, Gartman declared the bull run isn’t over and predicted the yellow metal will hit $1,400 in the near future.
A year from now gold will be demonstrably higher than where it is now.’
Gartmen pointed out that gold has been rallying in dollar terms. It’s been a bull market since late December of 2015. It’s been a bull market in euro terms since January of 2016. And it’s been a bull market in yen denominated terms even longer than that.
This post was published at Schiffgold on SEPTEMBER 26, 2017.
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