22.04.2014 - Gold wont stay in $1300 territory : Gartman
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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