Monday, April 29, 2013

Gartman: Risk On trade is on - buy emerging markets

The central banks have been money printing around the world. Its a back to a 'Risk On' circumstances again. Buy the Aussie dollar, Canadian Dollar, Crude Oil and short the bond market.

In terms on stocks, buy the Chinese stocks although Korea and Russian stocks are probably a better buy right now.

Wednesday, April 24, 2013

Buy gold avoid buying gold miners

In dollar terms, there is a very good probability the lows in Gold have been seen. Gold in Yen terms definitely has seen the lows. In terms on yen gold is near its highs.

If you want to buy gold, buy the actual gold such as the etf GLD or the Gold futures. Avoid the gold miners and specially the junior miners

Wednesday, April 17, 2013

Government securities are for security

On what to buy in case of a major Geopolitical event:

Government securities have been the only thing to own. People have given Gary Shilling a very hard time. But that[Government securities] has been and probably will be the best trade for a while.

Monday, April 15, 2013

Panic in current Gold sell off

There are a lot of people throwing up their hands. Throwing positions overboard. Panic is everywhere.
I've never seen anything like this. I mean it.

Cyprus has been told to liquidate their Gold positions to pay off their bailout. This has been creating a downward pressure on Gold for a while. If Cyprus will have to do it, Spain, Italy will probably have to do it also because it will be unfair to Cypriots. 

Monday, April 8, 2013

Commodities are in trouble

Commodities have problems including the grain markets. Huge crops are in supply and demand is clearly going to be waning.

At the moment commodities such as copper, aluminium also have lots of inventory which is going to create pressures on the price. Short term demand could be affected but they are still within a longer term bull market.

Friday, April 5, 2013

Sell the bounces in the current stock market

There are problems with the stock market far beyond North Korea. I think the market's going to go down, not because of North Korea. Sell bounces. Bounces are to be sold not weakness to be bought.

Thursday, April 4, 2013

Dennis Gartman on Russian mafia

I think the decision here was egregiously bad. I think this was lunacy on the part of the European monetary authorities, the banking regulators, or whoever it was responsible for making this decision in Cyprus. They have stepped on Russian toes, and the Russians are not going to be happy about this. Somebody will have to pay for it. I think this is very stupid.

Everybody knows that the vast majority of the deposits in Cyprus are from Russia. They’re Russian government officials, they’re Russian businessmen, it’s Russian mafia – and you don’t mess with the Russian mafia.

North Korea threat blown out of proportion

They(North Korea) have very few capabilities. They have land forces. If they decided to make a rush over the border, they could do that," he said. "They have no real nuclear capabilities whatsoever. Their missiles are very, very old, very immature. They can't move more than 1,500 kilometers.

It's fun to watch the pictures, but are they going to do anything? No.

Monday, April 1, 2013

Dennis Gartman on Cyprus depositors

They (bank depositors) knew for certain, however, that they were going to face massive losses when Mr. Averof Neofytou, the deputy president of the ruling Disy Party, said that those large depositors “will have to wait for many years before they see what percentage they will get back from their savings – 30 percent, 40 percent, 50 percent, 60 percent, it will be seen….”