Why Dennis Gartman Dumped Gold

Fergus Hodgson, July 30, 2020

LISTEN ON SPOTIFY | WATCH ON BITCHUTE

The world-renowned investor Dennis Gartman has gone from “it’s time to own gold” to “gold is too crowded” in just a few months. However, he has not become a gold pessimist; rather, he is waiting on the sidelines for the inevitable correction to start buying again.

Expansionary monetary policies have driven people to gold, and they will become quickly disenchanted, he believes.

FREE: Get Brien Lundin’s Top Two Mining Stocks!

In this week’s Discovery Group segment, Alex Heath, the head of Corporate Development with K2 Gold (TSX-V: KTO), announces the firm has received the permit to start drilling in California’s Mojave project for the first time since the 1990s.

Recommended Links

• “Dennis Gartman Says Goodbye With One Last Stock Market Warning,” Barron’s.
• “Anxious Investors Are Pushing Gold Prices to All-Time Highs,” CNN Business.
• “Dennis Gartman Says Gold Is Too Crowded,” Business Insider.

If You Liked This Episode

• “Dennis Gartman: Bitcoin Is a Substitute for Nothing,” Gold Newsletter Podcast.
• “Gold, Real Estate Stand the Test of Time,” Gold Newsletter Podcast.
• “Don’t Miss Out on Imminent Gold Run,” Gold Newsletter Podcast.
• “Pandemic Has Gold Flying Off Shelves,” Gold Newsletter Podcast.

Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.