Gartman

I know his positions tend to change with the wind, so by time this was written, it could have changed. He said once before he hedges every single position.

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Dennis Gartman, an economist and the editor of the Gartman Letter, said he is creating his first hedge fund to speculate on assets including global equities and commodities.

The new fund “will trade equities, grains, metals and almost anything that moves in the global markets,” including crude oil, said Gartman, who also will invest his own money. “We have no mandate or limitation as to what I can or cannot trade. I am always long something and short something. I am always looking for ways to hedge my positions.”

The fund is currently long soybeans and short wheat and long gold and short the euro, he said. A long position is a bet that prices will rise, and short positions are designed to profit when prices fall.

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Short the euro, long gold, long soybeans, short wheat?! Wow, talk about a hedge. I bet he has no idea what he wants the dollar to do.

I was a little sceptical about the "short wheat" thing, especially since I was just talking with a local wheat farmer/rancher last Friday. He said grain storage is full, farmers not selling due to low prices. OTH, DBC is partly based on wheat futes, as well as oil, other. And DBC has been meandering around all summer. Not a whole lot of UP movement, just some. And PTB decided in June that wheat futes were artificially high and are planning to put position limits on futes traders (Oct 31) which is actively impacting DBC and DBA right now. So, it looks like a standoff to me-wheat farmers refusing to sell unless futes prices stay high, PTB trying to force futes prices down.

http://www.marketwatch.com/story/com...its-2009-08-23

Recent Gartman interview with Ken Prewitt and Tom Keane. He disagrees with David Rosenberg here. It's about time someone disagreed with him, he's suddenly gained a large bandwagon following.

http://media.bloomberg.com/bb/avfile...aF0nYq6s_Q.mp3

He's still bearish on the dollar.

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“The world needs energy; Canada has energy to go. The world needs food; Canada's got food; The world needs base metals; they can been found in Canada …and Canada has the ports to ship those needs; it has the laws to protect contracts signed, and it has favourable and friendly relations with everyone.”

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http://www.theglobeandmail.com/globe...rticle1288225/

matrix - You've posted this several times. Once is enough. Thanks. ;)

http://www.etftalk.com/forum/showthread.php?t=469

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This break will end when, after a great deal more weakness, we see prices collapse in unison again in a crescendo of selling. At the moment, we fear that we are only now seeing the beginning of this selling; that the public has only just gotten long after remaining out; and that they’ll not begin liquidating until prices are lower and their hopes have been dashed yet again.

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http://www.businessinsider.com/gartm...coming-2009-10

After calling the bottom in March, he's the hot hand right now. Can he do it again?

Gartman Letter comments on Gold:

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The Gartman Letter: Gold in US dollar terms, having run from $900/oz in August to $1225 late last week, is long overdue for a correction, and it is suffering through that correct with a sense of seriousness. Late longs have been treated quite roughly in the past week, and given the near parabolic nature of the rise throughout November, no one really should be surprised.

We look for support for gold into what our long standing clients know that we shall call “The Box”… late level on the chart that marks the 50-62% retracement of the previous move. In this case that argues for gold in US dollar terms to fall toward the $1025-$1065 range.

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http://www.businessinsider.com/gartm...ection-2009-12

Thanks, Bullitt!