Gartman 'quietly' turns bullish on gold price.

Earlier in the day traders made the most of gold's recent strong to book profits on news of a drop in weekly jobless claims and a jump in manufacturing activity to an almost four-year high in the US. Gold has been receiving a boost from some unfamiliar quarters recently.

Noted investor and a closely followed newsletter writer for the past 20 years, Dennis Gartman told Hard Assets Investor he does not consider himself a gold bug, but that he has "quietly turned bullish on gold for a few reasons: Firstly, beginning five and six weeks ago we started to see a lot of the mining companies— even the largest gold mining companies— begin to curtail production. That's always a sign of an end of a bear market.

Read More: www.mining.com/gartman-quietly-turns-bullish-on-gold-price-77863/