Bloomberg: Dennis Gartman on Gold
Here’s a Bloomberg interview with Dennis Gartman of the very popular Gartman Letter. Dennis is bullish on gold, based on these factors:
- Global central banks boosting their gold reserves
- Oil/gold ratio is out of whack
- “When crude goes up, gold tends to go up”
On a different note, he’s also bullish on sugar - note the rebound in Indian sugar stocks today, with the PM deciding to lift the ceiling on exports.
Also on the gold front, Reliance Capital Asset Management has filed offer documents of a planned open-ended gold exchange traded fund (ETF) with the SEBI. This makes it the third one after Benchmark Gold BeEs and UTI gold ETF.
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