Gartman Says Ongoing QE Could Boost Gold

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.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza