Why Dennis Gartman Dumped Gold
Fergus Hodgson, July 30, 2020 
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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.
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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.
