Gold Move is "Reserve Driven", Euro is Doomed Currency - Dennis Gartman
6/21/2010 12:32:00 AM | via @Dvolatility |
Hat tip Miss Trade for this Bloomberg video featuring Dennis Gartman (of the Gartman Letter). He's still bullish on gold in non-US Dollar terms, thinks the Euro is a doomed currency and Gold's move is strictly "reserve driven" (currency driven), meaning Central Banks could be diversifying out of Euros, Pound Sterling, Yen or US Dollars (eventually?) and into Gold. For recent posts on Gartman, click the label.