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.
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.
Show notes: http://goldnewsletter.com/podcast/why-dennis-gartman-remains-long-bullish-on-gold/