Gartman: "Gold Has Started to Be a Bull Market"

[CommissarJones]

Dennis Gartman, who has published the daily Gartman Letter commentary since 1987, advises owning commodities in general and gold specifically.

http://www.etf.com/sections/features-an ... nopaging=1

The relevant comment is at the end of the (short) article.

[Lootman]

It's good that he is advocating gold and other commodities regardless of currency. For the longest time he has been saying things like "I would own gold against the Euro but not against the dollar" which, personally, I don't find useful as it's a lot more complicated for the average investor to go long gold and short any currency other than that investor's home currency.

In fact, I'd rather trade currencies against each other separately, if I'm going to do it at all, and view gold as a different asset class rather than a surrogate currency.

I also favour gold mining shares to gold itself, as their performance tends to magnify the moves in gold. They can be very volatile so it's useful to use options, which are liquid on the major producers and ETFs.