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Dennis Gartman spots signs of global strength

More going on than China: Gartman
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More going on than China: Gartman

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.

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"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."