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.
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Rhyd6,eyeball08,Wondergirly,bofh,johnstevens77, for Donating to support the site
Gartman: "Gold Has Started to Be a Bull Market"
-
- Lemon Slice
- Posts: 367
- Joined: November 10th, 2016, 9:15 pm
- Been thanked: 103 times
-
- The full Lemon
- Posts: 18930
- Joined: November 4th, 2016, 3:58 pm
- Has thanked: 636 times
- Been thanked: 6671 times
Re: Gartman: "Gold Has Started to Be a Bull Market"
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.
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.
Who is online
Users browsing this forum: No registered users and 10 guests