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Gold won’t stay in $1300 territory : Gartman

Posted on 22 April 2014

Gold could easily be $100 higher one year from now, says Dennis Gartman, famed editor of the Gartman Letter. In the short-term, Gartman adds that gold will most likely not remain in its current $1300 territory.
“It can trade $25 to $30 dollars either side of there for a while,” says Gartman in an interview with Kitco News. “A year from now it will be $100 to $150 dollars higher - at worst it is $30 to $50 dollars lower but that is in dollar terms. I think in Yen terms it can be demonstrably higher. If you are going to own gold, own it in Yen terms … The bank of Japan has no choice but to expand the supply of reserves very aggressively.”……………………………………….Full Article: Source


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