Monday, April 20, 2015

Dennis Gartman not surprised of Gold trading lower in US dollar terms

No one anywhere should be surprised to see gold trading lower as the dollar is trading sharply higher.

Certainly, we are not surprised by that fact, but once again, gold in euro and/or in yen denominated terms is far-the-better for one should always own gold in the terms of the currency or currencies most likely to be depreciated and clearly that errs in favour of owning gold in these terms, not in US dollar terms.