Ongoing quantitative easing won’t be great for the U.S. dollar but will make a few other trades attractive, commodities trader Dennis Gartman said Monday.
“As long as the Fed remains accommodative on into 2014—and I think they will remain all the way through 2014—that’s probably not supportive to the dollar,” he said. “It’s probably supportive to the bond market. It’s probably supportive to the gold market. And it’s probably supportive to stock prices.”
On CNBC’s “Fast Money,” the editor and publisher of The Gartman Letter, who continues to be long gold in yen terms, said that he was now looking at another trade.
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