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Post by Clinton SPX on May 12, 2011 19:56:15 GMT -5
This thread will track Gartmans predictions.
Tonight he predicted strong dollar dxyo is 75.48
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Post by novice08 on May 13, 2011 9:33:39 GMT -5
I'm watching $33 as the silver bottom fwiw.
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Post by Clinton SPX on May 14, 2011 1:06:41 GMT -5
OK Gartman got this one right. Dollar closed higher.
But so did oil and silver.
Strange day
update 5/19 DXY is 75.33
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Post by Clinton SPX on May 18, 2011 23:05:48 GMT -5
Dennis Gartman: Forget EU, Bigger Debt Crisis Brewing Elsewhere Published: Wednesday, 18 May 2011 | 7:03 PM ET Text Size By: Lee Brodie Producer Twitter LinkedInMore Share Debt concerns in Europe, Greece in particular - keep flaring-up to halt market rallies. But strategic investor Dennis Gartman is more worried about a sovereign debt crisis unfolding in Japan. He says Toyko is much closer to catastrophe. www.cnbc.com/id/43082980 |
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Post by Clinton SPX on May 19, 2011 11:32:44 GMT -5
I was pouring myself a glass of milk and I saw a picture of Gartmans strong dollar on the carton.
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Post by Clinton SPX on May 30, 2011 23:29:06 GMT -5
Dennis Gartman, long-time commodities investor and author of The Gartman Letter, wrote on Friday that “there is a decided lack of ‘frenzy’ in the gold market at present, and indeed, we find it passing strange that with gold only a very few dollars from its all time highs there is very little if any speculative enthusiasm.”
Gartman noted that MarketVane’s Bullish Consensus for the gold price dropped 2 points to 77% from 79% over the past several days, well below what he would expect given the fact that the gold price is within a few percent of its all-time high. “Bullish enthusiasm is high,” Gartman acknowledged, “but it is not rising and certainly it is not at ‘nosebleed’ levels consistent with previous interim peaks” in the price of gold.
From a contrarian perspective, the absence of excessive positive sentiment toward the gold price is an encouraging sign. “We remain bullish and it shall be but a matter of time… perhaps even today…” Gartman wrote on Friday morning, “that the recent highs of $1533-1535 in US dollar terms shall be taken out to the upside.” Gartman did not provide a longer-term gold price target, however.
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Post by Clinton SPX on May 30, 2011 23:30:43 GMT -5
Dennis Gartman of the Gartman Letter believes Germany is likely to leave the euro.
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Post by Clinton SPX on May 30, 2011 23:34:08 GMT -5
(Reuters) - The euro hit a three-week high versus the dollar on Tuesday on a report that Germany could make concessions on efforts to put together a bailout for Greece, while Japanese shares rose on data suggesting industrial activity has begun to recover from the March earthquake.
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Post by Clinton SPX on May 31, 2011 19:54:32 GMT -5
According to strategic investor Dennis Gartman, it's probably a mistake to become too preoccupied with a summer swoon. “Do I think we’re going into a recession – not at all,” he says during a live interview on CNBC’s Fast Money.
Gartman says he watches a slew of indicators and none suggest serious trouble ahead. He’s talking about things like the ratio of coincident-to-lagging indicators, money supply, the yield curve and more, all of which in the past have forecast recession. "None of those are telling us anything other than (to expect) continued economic strength,” he says.
If you’re looking to put money to work over the course of a year Gartman adds “bias on the side that the economies of the world will continue to get stronger."
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Post by Clinton SPX on May 31, 2011 19:55:35 GMT -5
flip flop flip flop
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Post by Clinton SPX on Jun 1, 2011 18:41:59 GMT -5
How does Gartman have any money left?
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Post by brosin on Jun 1, 2011 19:32:40 GMT -5
Ya know Clint - I remember a few years ago thinking at once point that the talking heads on CNBC are all terrible but that the network WANTS that because people like to watch others fall on their face... I kind of forgot about that until now but it came to mind again from your thread
It's almost as if CNBC people were constantly wrong when I watched... don't even know why I bothered other than for news. In 2008 I didn't have Fastopia LOL
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Post by Clinton SPX on Jun 1, 2011 20:22:50 GMT -5
Its so funny last night he says he watches a slew of indicators and none suggest serious trouble ahead
The night before Germany was leaving the euro and Japan was going to collapse
What a dumb ass.
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Post by kbk3ck on Jun 1, 2011 20:35:53 GMT -5
Poor old Gartman, or anybody these days.
;D
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Post by Clinton SPX on Jun 1, 2011 21:39:15 GMT -5
According to strategic investor Dennis Gartman, it's probably a mistake to become too preoccupied with a summer swoon. “Do I think we’re going into a recession – not at all,” he says during a live interview on CNBC’s Fast Money. Gartman says he watches a slew of indicators and none suggest serious trouble ahead. He’s talking about things like the ratio of coincident-to-lagging indicators, money supply, the yield curve and more, all of which in the past have forecast recession. "None of those are telling us anything other than (to expect) continued economic strength,” he says. If you’re looking to put money to work over the course of a year Gartman adds “bias on the side that the economies of the world will continue to get stronger." theres that word again |
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Post by kbk3ck on Jun 1, 2011 22:00:38 GMT -5
He talks about tourists not buying Rolexes in Switzerland because they can buy them cheaper elsewhere because the swiss franc is sooo strong, but then talks about how strong their economy is like those two are tied together. Their economy is strong because the corperations in that country have spent the money, that our corperations are keeping in the bank, to hire workers and keep the economy strong. Not to keep the corperations cash rich.
;D
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Post by Clinton SPX on Jun 1, 2011 22:03:57 GMT -5
When schiff says will the fed give in to the politicians. I think he's got that backwards. The pols are controlled by the fed.
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Post by Clinton SPX on Jun 5, 2011 23:24:48 GMT -5
Dennis Gartman, the economist and editor of the Gartman Letter who correctly forecast 2008’s commodities slump, cut his gold position by half today and said yesterday’s drop makes him “nervous” that it may keep falling.
By Nicholas Larkin - Jun 3, 2011 8:08 AM ET
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Post by Clinton SPX on Jun 5, 2011 23:29:06 GMT -5
 Dennis needs to sign up for the Clinton Letter Mwa ha ha ha Attachments:
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Post by Clinton SPX on Jun 6, 2011 19:30:05 GMT -5
Dennis Gartman, the economist and editor of the Gartman Letter who correctly forecast 2008’s commodities slump, cut his gold position by half today and said yesterday’s drop makes him “nervous” that it may keep falling. By Nicholas Larkin - Jun 3, 2011 8:08 AM ET Gartman re-establishes long gold positions Published on June 06, 2011 23:36  |
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Post by brosin on Jun 6, 2011 19:36:53 GMT -5
LOL I love that you track this Clint - kudos
So far I have to say, I'm liking my $21.21 UUP buy in my IRA ;D
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Post by Clinton SPX on Jun 6, 2011 23:10:31 GMT -5
Gartman considers the recent market action is pretty bearish. “I had been hoping we’d get a rally (Monday) that I could sell into but it didn’t come,” he says. That’s disappointing because since last July on Monday the stock market has typically made gains. “When we get a Monday sells-off that’s atypical,” Gartman says.
Considering the market weakness and the string of negative economic data that's come out recently, “I think we’re looking at lower prices and a correction that could get reasonably more serious,” Gartman says.
When asked how serious, he replies “Another 5-10% to the downside. Let’s just say the trend is down and over the course of the next several weeks we’re probably going to be lower.”
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Post by Clinton SPX on Jun 9, 2011 20:27:13 GMT -5
shit i missed this one from yesterday
Industrial metals are showing “manifestly bearish signals,” said Dennis Gartman, the economist who correctly forecast the commodities slump of 2008.
“Copper’s major upward sloping trend was broken months ago,” he wrote in the Gartman Letter today. Aluminum has also broken its trend line and the same case can be made “perhaps even more definitively so” for tin, he said.
Firming in commodity prices may be “transitory for too many of the markets are failing,” Gartman said.
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Post by Clinton SPX on Jun 9, 2011 20:29:35 GMT -5
 Attachments:
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Post by Clinton SPX on Jun 17, 2011 7:48:29 GMT -5
JUNE 16, 2011, 1:00 PM ET
Gartman: Greece Will Ultimately Exit the Euro (And Others May Follow)
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Post by Clinton SPX on Jun 22, 2011 19:17:29 GMT -5
But whether it’s next week or next year, strategic investor Dennis Gartman thinks a default is all but in the cards.
”It’s only a matter of time,” he says in a live interview. “The German public isn’t going to put up with this a lot longer.”
In fact, he thinks the only reason Europe has propped up Greece as long as it has is because of politics and leaders trying to save face. But Gartman thinks the public’s growing disdain for the bailouts will ultimately prevail.
“Throwing $100 billion euro at a failing economy – one that can not pay back what they already owe – to lend them more is nonsense,” he says. “It’s only a matter of time until Greece fails.”
And it’s not just Greece – ultimately he thinks the European Union fails. In a case of 'sometimes the best medicine is hardest to swallow' -Gartman thinks an EU that unravels may in fact be the best thing for ailing nations.
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Post by rex on Jun 22, 2011 19:36:10 GMT -5
Not here!!! We all love bailouts +18 pts on the S&P per bailout. Now, if it had something directly to do with the USA....+100 S&P points. All Ben has to do is say the word...boom up we go(for now)!!!
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Post by brosin on Jun 22, 2011 19:44:04 GMT -5
Dennis Gartman says in a live interview... “Throwing $100 billion euro at a failing economy – one that can not pay back what they already owe – to lend them more is nonsense,” he says. “ Really Gartman? We're throwing Trillions at a [our own] failing economy and we cannot pay back what we already owe. Everyone still lends to us, including ourselves. |
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Post by rex on Jun 22, 2011 20:08:39 GMT -5
Dennis Gartman says in a live interview... “Throwing $100 billion euro at a failing economy – one that can not pay back what they already owe – to lend them more is nonsense,” he says. “ Really Gartman? We're throwing Trillions at a [our own] failing economy and we cannot pay back what we already owe. Everyone still lends to us, including ourselves. We're going to do it anyway....it's all about the here and NOW. We'll figure out how to solve all the other problems later. Isn't that what the stooped consumers have said all these years? Spend, spend, spend. Credit card, credit card. Our Gubmit is the same as the stooped consumers who voted them into office!!! |
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Post by Clinton SPX on Jun 30, 2011 19:20:37 GMT -5
Federal Reserve Chairman Ben Bernanke’s statement on expectations for the US economy on Wednesday was "quietly risk negative," Dennis Gartman, author of The Gartman Letter, told CNBC Thursday.
AP
Ben Bernanke was "less than optimistic," according to Dennis Gartman.
After a two-day Federal Open Market Committee meeting, the Fed slashed its growth forecast for this year and said unemployment will still remain high.
"The most important statement that he made was that there will be at least two more FOMC meetings before a change in interest rates. That’s gloomy," Gartman said.
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