Gartman Says ‘Important’ To Get Gold Direction Right

According to well-known newsletter publisher and investor Dennis Gartman, gold prices are moving higher, but he is not willing to give an exact price forecast. ‘If I put a price number on it, and I miss it by $5, I’ll look like an idiot and the guys at Zero Hedge, they’re always out to get me,’ he told Kitco News on the sidelines of the New Orleans Investment Conference. ‘The best that one can get in the business of trading, is to get the direction right.’ The publisher of the Gartman Letter said he is also bullish on the U.S. dollar, and therefore remains more optimistic for gold in euro or yen terms. ‘Why would I want to buy something using a strong currency when I can buy something using a weak currency?’ (show less)

According to well-known newsletter publisher and investor Dennis Gartman, gold prices are moving higher, but he is not willing to give an exact price forecast. ‘If I put a price number on it, and I miss it by $5, I’ll look like an idiot and the guys at Zero Hedge, they’re always out to get me,’ he told Kitco News on the sidelines of the New Orleans Investment Conference. ‘The best that one can get in the business of trading, is to get the direction right.’ The ... (read more)

New Orleans Conference

New Orleans Conference
For over four decades, the New Orleans Investment Conference has brought together some of the most renowned politicians, bankers, investors and gold bugs to discuss investment opportunities. This year is no different. From October 26-29, Kitco News will be on the frontlines of the investment conference, speaking with some of the leading names in the industry, including interest rate expert Jim Grant, and known gold investors Dennis Gartman and Doug Casey. Stay tuned!

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