| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Gartman gives us more pearls of wisdom
truthingold.com / September 25, 2015 at 10:39
Gold prices soared to a one-month high Thursday as fears of a global slowdown have investors seeking so-called safe haven assets like bonds and bullion. And according to Dennis Gartman, often ironically referred to as the “commodities king,” for his number of incorrect calls, the rally in gold could just be starting.
“There’s a real strength in the gold market when you look at it in non-U.S. dollar terms,” the publisher of The Gartman Letter said Thursday in an interview with CNBC “The difference is enormous.”
While everyone focuses on gold’s move relative to the dollar, Gartman says the real story is what’s happening around the world. Pointing to gold priced in euros and yen specifically, the CNBC contributor said that bullion has actually been outperforming. As he noted, in euro terms, gold is up 4.6 percent in the past two years and 6.7 percent over the past five years. Whereas related to the yen, it’s up 4.8 percent for two years and 26.4 percent in five years.
The post Gartman gives us more pearls of wisdom appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/09/25/gartman-gives-us-more-pearls-of-wisdom/
