24.05.2016 - Avoid gold until Fed moves: Gartman
Owning the metal in dollars will be for the brave until the US central bank pulls the interest rate trigger, the respected US investor says. Those trading gold should probably do it in something other than dollars while the theme of higher US rates plays out. That’s the view of Dennis Gartman, US investment guru and publisher of The Gartman Letter. “If you have to trade gold, stay on the sidelines in terms of US dollars,” he says on Monday. While owning gold in non- dollar terms, particularly in yen and euros, he feels a rising dollar will continue to put a ceiling on gains...............................................Full Article: Source
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