{"id":557448,"date":"2017-09-25T14:12:43","date_gmt":"2017-09-25T14:12:43","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=557448"},"modified":"2017-09-25T14:12:43","modified_gmt":"2017-09-25T14:12:43","slug":"dennis-gartman-is-bullish-on-gold","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=557448","title":{"rendered":"Dennis Gartman Is Bullish On Gold"},"content":{"rendered":"<h3 class=\"title\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-6206 alignleft\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2015\/01\/cnbc.jpeg\" alt=\"\" width=\"160\" height=\"120\" data-id=\"6206\" \/><\/h3>\n<p>What, me worry? Commodities king Dennis Gartman sees gold surging to $1,400 within months<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/stephanie-landsman\/\" rel=\"author\">Stephanie Landsman<\/a> |\u00a0<span class=\"twitter-url\"><a href=\"https:\/\/twitter.com\/stephlandsman\">@stephlandsman<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>The commodities king explains why he thinks bullion has a lot more room to run.<\/li>\n<li>The monetary authorities are all still remaining expansionary,&#8221; Gartman told CNBC, and the winner is likely to be gold.\n<div class=\"inline-player\">\n<div id=\"player_0_104723936_0\" class=\"asset cnbcvideo imgasset desc_size600_400 featuredPromo theplatform-video__docked\" data-autoplay=\"1\" data-dockable=\"1\">\n<p><span class=\"video-icon\"><a class=\"\" href=\"https:\/\/www.cnbc.com\/video\/2017\/09\/21\/he-called-2017s-gold-rally-heres-what-dennis-gartman-says-now.html\" data-videoid=\"3000656411\" data-videotype=\"\"><img decoding=\"async\" loading=\"lazy\" title=\"He called 2017\u2019s gold rally, here\u2019s what Dennis Gartman is forecasting now\" src=\"https:\/\/fm.cnbc.com\/applications\/cnbc.com\/resources\/img\/editorial\/2017\/09\/21\/104724026-5ED1-REQ-GartmanLetterFN-092117.600x400.jpg?v=1506017357\" alt=\"He called 2017\u2019s gold rally, here\u2019s what Dennis Gartman is forecasting now\" width=\"600\" height=\"400\" \/><\/a><\/span><\/p>\n<div class=\"headline\">He called 2017\u2019s gold rally, here\u2019s what Dennis Gartman is forecasting now\u00a0\u00a0<time>2:17 PM ET Thu, 21 Sept 2017 | 02:07<\/time><\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>He called this year&#8217;s\u00a0<a href=\"https:\/\/www.cnbc.com\/gold\/\">gold<\/a>\u00a0rally, and Dennis Gartman isn&#8217;t letting ominous signs change his forecast.<\/p>\n<p>Gartman, often known as the commodities king, predicts the yellow metal&#8217;s run has a lot more gas in it.<\/p>\n<p><a href=\"http:\/\/CommonStockWarrants.com\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-large wp-image-354144\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2016\/09\/blackcsw2-01-1024x71.png\" alt=\"\" width=\"1024\" height=\"71\" data-id=\"354144\" srcset=\"https:\/\/juniorminingnews.com\/wp-content\/uploads\/2016\/09\/blackcsw2-01-1024x71.png 1024w, https:\/\/juniorminingnews.com\/wp-content\/uploads\/2016\/09\/blackcsw2-01-300x21.png 300w, https:\/\/juniorminingnews.com\/wp-content\/uploads\/2016\/09\/blackcsw2-01-768x53.png 768w, https:\/\/juniorminingnews.com\/wp-content\/uploads\/2016\/09\/blackcsw2-01-500x35.png 500w, https:\/\/juniorminingnews.com\/wp-content\/uploads\/2016\/09\/blackcsw2-01.png 1440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>&#8220;A year from now, gold will be demonstrably higher than it is right now,&#8221; The Gartman Letter&#8217;s founder told &#8220;<a href=\"https:\/\/www.cnbc.com\/futures-now\/\">Futures Now<\/a>&#8221; in a recent interview. &#8220;I would certainly think we could see $1400 [an ounce] in dollar terms.&#8221;<\/p>\n<p>That would represent a gain of about seven percent from current levels.<\/p>\n<p>Bullion dropped below $1300 last week \u2014 a key technical level. It came in danger of dropping below its 50-day moving average. However, none of that is rattling Gartman.<\/p>\n<p>&#8220;This is a correction but let&#8217;s understand the last rally that we had took off from $1200 to $1370. The fact that we&#8217;ve fallen back below $1300 I think is relatively inconsequential,&#8221; he added.<\/p>\n<p>Gold is a go-to asset for investors seeking shelter from market volatility, as well as those who believe paper money could be rendered worthless by inflationary fiscal and monetary policies. Gartman, however, avoided putting himself squarely in either of those camps.<\/p>\n<p>&#8220;I am not a gold bug. I don&#8217;t believe the world is going to come to an end. I don&#8217;t think you own gold because you think governments are going to be collapsing around the world,&#8221; he said.<\/p>\n<p>His reason to own gold: Central banks and easy money.<\/p>\n<p>&#8220;The monetary authorities are all still remaining expansionary,&#8221; noted Gartman, given that easy central bank policy tends to undermine major currencies like the dollar and euro. &#8220;In that instance, the one currency that will probably do the best of all is gold.&#8221;<\/p>\n<p>He doesn&#8217;t believe the\u00a0<a href=\"https:\/\/www.cnbc.com\/federal-reserve\/\">Federal Reserve&#8217;s<\/a>\u00a0intention to start reducing its $<a href=\"https:\/\/www.cnbc.com\/2017\/09\/20\/fed-approves-october-reversal-of-historic-stimulus-leaves-rates-unchanged.html\">4.5 trillion balance sheet in October<\/a>\u00a0will be a headwind for gold. The unwinding of the Fed&#8217;s crisis-era policy &#8220;is going to take five or six years. This is not something that will occur overnight,&#8221; he said.<\/p>\n<p>Gartman declared on &#8220;Futures Now&#8221; last December that gold was the top commodity to own in 2017.<\/p>\n<p>Gold has soared 13 percent so far this year, while other precious metals such as\u00a0<a class=\"inline_quotes\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=%40SI.10\" data-gdsid=\"59616798\" data-inline-quote-symbol=\"@SI.10\">silver<\/a>\u00a0and\u00a0<a class=\"inline_quotes\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=XPT%3D\" data-gdsid=\"2022731\" data-inline-quote-symbol=\"XPT=\">platinum<\/a>\u00a0picked up year-to-date gains of six percent and four percent, respectively.<\/p>\n<p>He also noted that the precious metal has outperformed the S&amp;P 500 Index, an observation he says hasn&#8217;t been getting enough attention on the street.<\/p>\n<p>&#8220;If you ask most people what is up more: The S&amp;P or gold for the year,&#8221; Gartman asked. &#8220;Most people wouldn&#8217;t be able to answer that question properly.&#8221;<\/p>\n<\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What, me worry? Commodities king Dennis Gartman sees gold surging to $1,400 within months Stephanie Landsman |\u00a0@stephlandsman &nbsp; The commodities king explains why he thinks bullion has a lot more room to run. The monetary authorities are all still remaining expansionary,&#8221; Gartman told CNBC, and the winner is likely to be gold. He called 2017\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":518119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[138,332,137,48,333,135,115],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/557448"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=557448"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/557448\/revisions"}],"predecessor-version":[{"id":557451,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/557448\/revisions\/557451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/518119"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=557448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=557448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=557448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}