“Panic is everywhere”, investor Dennis Gartman said Monday morning about the plummeting price of gold.

“There are a lot of people throwing up their hands — throwing positions overboard,” Dennis Gartman said on CNBC’s “Squawk Box.”

Multiple news sources reported gold prices have dropped more than $140 an ounce in the biggest two-day loss since 1983.

Gartman added:

I’ve been at this 40 years. And I have to tell you, normally people say they’ve never seen anything like this. They don’t mean it. I’ve never seen anything like this. I mean it.

Watch the Monday “Squawk Box” segment via YouTube here:

http://www.youtube.com/watch?v=K8j6yo9wGYM

• Author
• Recent Posts

Janeen Capizola

"And though she be but little, she is fierce." And fun! This conservative-minded political junkie, mom of three, dancer and one-time NFL cheerleader holds a bachelor of arts degree in political science. [email protected]. Twitter: @JaneenBPR

Latest posts by Janeen Capizola (see all)

• The joke that may have lost John Kerry all his friends at CNN - March 10, 2014
• ‘What could have been’ reunion pic: Romney, Ryan family bump into each other in airport - March 10, 2014
• GOP battle begins; lawmakers jockey to replace Issa as House Oversight chair - March 10, 2014

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.