I thought I should document this…
You may have heard of a “widely-watched” market follower aka The Commodities King.
His name is Dennis Gartman and when he speaks – people listen.
His profile at CNBC reads:
“Mr. Gartman has been directly involved in the capital markets since August of 1974, after his graduate work at the North Carolina State University.”
So when he makes a bold statement like this, it’s time to pay attention.
On the old blog I pointed out the pitfalls of making “bold calls”. It even got picked up in the media.
I’m just a simple cat that likes simple things.
I’ll leave it to the experts to predict things like the price of oil.
Now, I’m off to analyze the term-structure and review the oil rig count…
My prediction? no one knows nuthin’