No one really knows what Gartman is up to these days, with all the doublespeak. Bear in mind, I do not hate any of these talking heads. I love them. They’re like human dart boards for me.
After 4 1/2 years of punching Jim Rogers’ bow tied commodity basket in the nuts, Dennis Gartman is bullish on commodities.
What the fuck?
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Fuck.
I might dump my calls just on this news alone….
I should have been watching CNBC all day instead of playing golf to get the scoop on this one.
The Inverse-Gartman-ETF is where I need to hind my money
Mr. Gartman is big time. He has a newsletter.
I went long GLD March calls yesterday, slightly out of the money.
This post is horrible news for me, and yet I will retain these calls and pray that this might just be the mother of all Costanza trades… trading alongside one Mr. Dennis Gartman PhD [probably].
I really like gold going into 2016 insofar as it is enormously beaten down, an asset everyone believes must go lower [under $1k] before it can go higher, a flight-to asset in terms of currency hedging, short interest in gold futs has been breaking records for a while, and sitting at the bottom of it’s downward channel.
The last two Januaries [sp?] have also seen some pretty good spikes.
But more than anything, things have clearly changed from the 2012-2014 regime. Gold hasn’t changed yet, I think it will. This could mean a quick $300 dollar drop, or it could mean a prolonged spike.
what would you expect from the FM show. #teamsanta