The Gartman Letter: Indications of Gold Strengthening in Euro Terms
Dennis Gartman has been directly involved in the capital markets since 1974 and has been publishing his daily commentary, The Gartman Letter, since 1987. The following provides information from today’s The Gartman Letter.
Following comments by Mr. Draghi last week allowing for and perhaps even forecasting the use of QE in European monetary matters. He seems to us to make it very clear that with inflation running so far below forecasts and with the unemployment rates all across Europe… with the exception of course in Germany and perhaps one or two of the other “northern” European countries… running so far above that of the rest of the industrialized world, that debt monetization is all but certain. In that light, we’ve every reason to believe that gold shall begin to strengthen in terms of the EUR and that that shall become a very real focus of our concerns going forward.
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