Wednesday, April 29, 2015

Dennis Gartman: Foreign Stocks could outperform US stocks

People's Bank of China is all in for QE. The ECB is all in for QE. The Bank of England is in for QE. Our markets are likely to continue to under-perform. Money is being created abroad, money is going to continue to be created abroad for a long period of time going forward. It will find its way into their equity markets. They will continue to outperform ours. So buy them and sell us.

I think acting like a hedge fund; buying Europe, buying China, buying Japan. Selling United States and being as market neutral as one can is probably going to be and continue to be the better way to trade.

Tuesday, April 28, 2015

Why Gold and Stock market went up

Dennis Gartman cites reasons for the recent Gold rally and the Stock market rally. 

-A deal between Venezuela and Citigroup to swap $1 billion in cash for part of the country's gold reserves and 

"He [Venezuela President Nicolas Madurohad] had to pawn their gold. That's what they've done. They can buy it back. They have rights of first refusal. They went to the biggest pawnbroker of gold —Citibank. That was a huge potential seller taken out of the market. It's not an overhang anymore."

-China Quantitative Easing

"The Peoples Bank of China has gone full in for QE, Finally, you've got the PBOC, which is a monstrous bank making an implied bet on inflation."

Monday, April 20, 2015

Dennis Gartman not surprised of Gold trading lower in US dollar terms

No one anywhere should be surprised to see gold trading lower as the dollar is trading sharply higher.

Certainly, we are not surprised by that fact, but once again, gold in euro and/or in yen denominated terms is far-the-better for one should always own gold in the terms of the currency or currencies most likely to be depreciated and clearly that errs in favour of owning gold in these terms, not in US dollar terms.

Monday, April 6, 2015

Gartman takes notice strength in tanker stocks

Between and now and June, you may actually see the front months WTI strengthen up simply because … the market will know [while] there will be plenty of crude after June, there may be less supply before June.

There is a lot of crude oil that is going to be out there. It’s going into storage, it’s filling up in Cushing, it’s filling up in the Gulf, and it’s going to fill tankers.

If you take a look at tanker stocks, it’s been one of the strongest areas of any stock market in the world. That’s the only thing I’m certain of at this point.