Dennis Gartman: There's a Gold Bubble
While not being comfortable with the current gold trade, Dennis Gartman, founder of The Gartman Letter, told CNBC Monday that the price of the precious metal will "continue to go up until it stops."
"It is a gold bubble," Gartman said. He called the trade on gold "mind boggling," but also said he is currently long — or betting gold will go higher. Gold hit a fresh record high above $1,130 an ounce early Monday as the dollar fell against other Western currencies.
