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01 February 2012 at 21:30 IST
Gold to climb to $1915/oz in 2012: Dennis Gartman
NEW YORK (Commodity Online): Dennis Gartman expects gold to climb to $1915 per ounce in 2012. That’s the level at which he’d take profits.
Gartman is the author of the widely read The Gartman Letter and an esteemed commodities strategist, said in an interview with CNBC he is getting very bullish on gold.
And after parsing through the recent Fed statement and ECB commentary he is confident that, “Central banks of the world are committed to easier monetary policy and injecting reserves into the system. That should drive gold higher. Given the problems don't seem to get resolved, I think gold has a lot of upside."
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