Why is Gold up $40?
Gold Market Update for October 2011
It was only last Tuesday that newsletter writer and frequent CNBC guest Dennis Gartman wrote that the gold market is suffering “very real damage.” His comments were picked up very widely making headlines in the financial media internationally. Gartman warned that he feared that the rally from September’s lows is “now under assault.”
With the most recent spike of more than $40 Dennis Gartman has done a swift about turn, now adding to his gold position by buying the metal priced in dollars, pounds and euros. He declared he was certain gold prices would