Wednesday, October 6, 2010

Dollar, Gold & Oil Update

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Gartman, who also publishes a newsletter on commodities and currencies, said his phone has been ringing off the hook this week with a record number of media questions about the gold rally. His last flood of similar media calls in December preceded a gold price correction of nearly $100 per ounce.
In 10 weeks, gold has gained about $200 an ounce in a rally to Wednesday's all-time high at $1,349.80 an ounce. Bullion has soared more than fivefold from $250 an ounce back in 2001.
Gartman said the gold market is "frothy and due for a material correction," and prices could tumble to $1,200 within two months. Still, he believes the metal's long-term bull trend remained intact.

Louise Yamada, managing director of Louise Yamada Technical Research Advisors LLC, discusses the prospects for Treasuries, the outlook for U.S. equities and the price of gold. Yamada, speaking with Tom Keene on Bloomberg Television’s “Surveillance Midday,” also talks about Federal Reserve monetary policy >>LINK

Dennis Gartman, an economist and editor of the Gartman Letter, talks about his investment strategy in gold and the Swiss franc, and the outlook for U.S. employment. Gartman speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." >>LINK

A look at how high oil will go, with CNBC's Sharon Epperson and Kevin Kerr, Kerr Trading.

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