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Posted by on Apr 7, 2014 in Dennis Gartman

The Gartman Letter: Indications of Gold Strengthening in Euro Terms

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.

 

The above communication is a publication of The Gartman Letter and is not intended to provide personalized recommendations to buy, hold or sell investments. The Gartman Letter’s information, statements, views, and opinions are based on internal and external sources considered by The Gartman Letter to be reliable, but The Gartman Letter makes no express or implied representation or warranty to those sources’ accuracy, completeness, or correctness. Such information, statements, views and opinions are expressed as of the date of publication, are subject to change without further notice, and do not constitute a solicitation for the purchase or sale of any investment referenced in the publication. Investors should verify all claims and conduct their own research before investing based on the above communication provided by The Gartman Letter.
david@mediaworksllc.com

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