After booking profits from a recent play in the fracking industry, Dennis Gartman of "The Gartman Letter" said on Wednesday that the move allowed him to dive into an aluminum producer.
On CNBC's "Fast Money" on Monday, Gartman said that the increased tensions in Iraq would put the spotlight on the American fracking industry. "The United States clearly is becoming more and more self-sufficient as far as energy is concerned. Fracking is the real place to be," he said.
Gartman suggested following the methodology that investors used in the era of the California Gold Rush; namely to buy the industries that supported mining, such as tent and equipment makers, rather than gold itself.