Price strength in metals bodes for a stronger global economy ahead, commodities trader Dennis Gartman said Monday.
for July delivery jumped 7 cents to settle at $3.15 a pound, the highest price for the industrial metal since March 6, according to The Associated Press.
"I think the base metals are telling you the world itself is going to do better," said Gartman, editor of The Gartman Letter, on CNBC's "Fast Money."
That, he added, was a sign the global economy is better than many might think.
"Nickel is strong. Copper is strong. Tin is strong. Aluminum is strong," added Gartman. "All of them are pointing upward. I think there is more going on here than merely a hope that China is going to do better. China is going to do fine."