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Economist Dennis Gartman Is ‘Nervous,’ Cuts His Gold Investments in Half
Jun. 03, 2011 08:50AM PST
Precious Metals Investing
Bloomberg reported that Dennis Gartman halved his gold investments over worries that prices will fall.
Bloomberg reported that Dennis Gartman halved his gold investments over worries that prices will fall.
The market news is quoted as saying:
The metal fell as much 1.3 percent yesterday after earlier this week trading within 1.8 percent of the all-time high a month ago. Gartman cut his gold holdings in all currencies. Gold in euros and British pounds rose to records since last week.
