Dennis Gartman, editor of The Gartman Letter, talks gold on Kitco News. According to Gartman, he turned "watershed" bullish on gold 2 to 3 weeks ago. Prior to his shift, Gartman was "agnostic" to the gold market. Gartman argues that several factors signal a bullish move for the yellow metal. "The fed has no intention of reducing the size of its balance sheet between now and the next 2 years," he added. With regards to silver, Gartman prefers gold due to its lower volatility. Tune in now to hear why he has shifted his views on the metal and leaves silver to the "young and foolish." Kitco News, July 23, 2013.
No comments:
Post a Comment