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Gartman says gold is in a true bull market—and on its way to $1,500

Gold going 10-15% higher?

Gold has enjoyed a spectacular beginning to 2016, and one widely followed commodities expert believes the metal could be on the verge of going much, much higher.

"I think it's still a bull market," said Dennis Gartman, editor of The Gartman Letter, Monday on CNBC's "Fast Money. " He predicts gold could finish out the year 10 to 15 percent above current levels.

With gold hitting a 15-month high Monday and breaching $1,300, that would represent a price as high as nearly $1,500.

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