Gold back to $1000?
posted on
Apr 11, 2008 05:09AM
Dennis Gartman, who several weeks ago felt gold would fall back to the $850 area, has revised his forecast and feels it will go back to $1,000 and higher. He feels the prospects of the continual fall of the dollar will continue especially after the next Fed rate cut. Also, continual inflation concerns will have an effect. I have been following streetTRACKS Gold Shares (GLD) as it trades with the bullion benchmark. I'd appreciate other feedback.