Dennis Gartman

[winston]

Long interview. 5 pages for your Sundat reading

Gartman on Gold, the Dollar and Stocks By Alix Steel

Where will gold go? I haven't the faintest idea. I couldn't tell you if my life depended upon it other than the trend is up ... the only people who are short who have made any money are those who are short of gold in US dollar terms.

Anyone who is short of gold in foreign currency terms has had a very bad year and a half ... I would bet that six months from now it would be higher than where it is now. I would bet that in a year from now it will probably be higher than where it is six months from now. But where do I think it's going to go? I haven't the faintest idea.

http://www.thestreet.com/story/10707317 ... tocks.html

[winston]

DENNIS GARTMAN: A BEAR MARKET IS ON THE HORIZON

Don’t be fooled by the near-term bullishness in equities. Dennis Gartman says a bear market is on the horizon. Gartman is very concerned that the Euro/Yen cross is forecasting a very weak global economy:

Source: Bloomberg TV


http://pragcap.com/dennis-gartman-a-bea ... he-horizon

[winston]

Dennis Gartman Turns Bullish
Published July 23rd, 2010

Dennis Gartmen, editor of the Gartman Letter, has surprised many of his readers by turning bullish after many months of being a very grumpy and vocal bear.

Until recently the only thing he preferred to hold was gold and he was negative on US equities and especially pessimistic on the housing sector, believing that it is far from a recovery. But now he has turned generally positive on the stock market and specifically, one sector in particular:

We were fortunate earlier this week when we turned bullish of stocks for the first time in many months, officially recommending that our clients step up and buy “the things that if dropped on your foot shall hurt.”

We have returned to an old thesis that serves us well in years past, wishing to own copper, steel, coal and railroads, for these are the things we understand; these are the building blocks of global economic strength.

http://www.tradersnarrative.com/dennis- ... -4485.html

[winston]

Gartman bullish on copper

NEW YORK (Reuters) -

Independent investor Dennis Gartman said on Thursday he has recently turned bullish on copper based upon growth expectations in Asian economies and a tightening global supply base.

Gartman, known for his commentary on commodities and currencies, said he went long the industrial metal last week, and awaited the opportunity to add to his bullish position.

"We are long of copper, having bought it last week, predicated upon growth in Asia's economies and nothing at this point is set to dissuade us from holding this position," Gartman said in his daily Gartman Letter.

"Indeed, the only question before us is when shall we add to it?"

"Copper is responding to low inventories in China and the notion that the global, rather than the U.S., economy is on the mend and that copper demand shall rise in the face of modestly tightening supplies," he said.

Gartman said he would be content to try and buy the benchmark December COMEX contract Thursday if it were to trade down toward $3.5555.

"If it wants to go higher, we'll not chase it ... yet ... for we are already rather aggressively long, but we do wish eventually to become longer still," he said.


http://www.mineweb.com/mineweb/view/min ... &sn=Detail

[winston]

Gold is “Hyper-Overbought”

“. . .we shall urge the greatest of caution upon everyone, everywhere regarding gold. It is not just over-extended to the upside; it is hyper-extended. It is not just overbought; it is hyper-overbought.

We cannot strongly enough urge everyone to avoid buying gold here and we shall go so far as to suggest that those who are long begin the process of quietly heading for the exits and to reduce their positions to the most minimal ‘insurance’ positions possible.

Everyone should have perhaps 5% of their liquid assets in gold, but at this point anything beyond that level is excessive.”

–Dennis Gartman, September 29 2010


http://www.ritholtz.com/blog/2010/10/go ... verbought/

[winston]

DENNIS GARTMAN ON THE PROFITABILITY OF BEING WRONG

“If I’ve learned one thing in 35 years of doing this. I’ve learned this and I’ve learned it the hardest of all ways. Because I made the decision one time to do the wrong thing. I learned this. Whatever you do don’t ever, ever, ever, not never, not ever, under any circumstance, any time ever. Am I clear? Add to a losing trade.

“I will tell you I am good at trading. I am good at investing. I am good at making decisions. I am good at admitting mistakes and that’s my best trait. I am really, really good at admitting mistakes. And that’s to me the most important attribute

http://www.thecrosshairstrader.com/2010 ... ing-wrong/

[kennynah]

admitting mistakes is a good trait...it requires reflection and comprehension...

the next best trait is to not repeat the mistakes.. takes time to hone this skill....afterall, habits are hard to break... i should know...bcos i repeat my mistakes now and then....

[winston]

Gartman: Will China Rate Increase Stop The Bull? By Prieur du Plessis

Dennis Gartman, founder of “The Gartman Letter“, tells CNBC that China’s rate increase won’t put the breaks on the bull market.

Steve Cortes of Veracraz has an opposing view.


http://www.dailymarkets.com/stock/2010/ ... -the-bull/

[Poles]

Gartman: Will China Rate Increase Stop The Bull? By Prieur du Plessis

Dennis Gartman, founder of “The Gartman Letter“, tells CNBC that China’s rate increase won’t put the breaks on the bull market.

Steve Cortes of Veracraz has an opposing view.


http://www.dailymarkets.com/stock/2010/ ... -the-bull/

breaks or brakes??

[winston]

Gartman: Commodities – Much Needed Correction By Prieur du Plessis

The decline in commodities is a much needed correction, says Dennis Gartman, writer of The Gartman Letter.

http://www.dailymarkets.com/stock/2011/ ... orrection/