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Wall Street Veteran Dennis Gartman Chooses Gold Over Bitcoin Despite BTC's Record-Breaking Bull Run: 'I Prefer Centuries Bet Over Monthly Bet'
Monday, December 16, 2024 - 12:17am | 533Renowned Wall Street investor and economist Dennis Gartman downplayed Bitcoin's (CRYPTO: BTC) record-breaking run on Friday, instead preferring gold due to its long history as a store of value. What happened: During an interview with Bloomberg, Gartman said he was surprised by the leading...
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'Markets Have The Green Light To Rally' After November's 'Yawner' Inflation Report, Experts Say
Wednesday, December 11, 2024 - 11:36am | 437The Consumer Price Index rose from 2.6% in October to 2.7% in November, in line with economist predictions. Here’s a look at what experts expect from the Federal Reserve in the months ahead. Experts Weigh In: Most experts are anticipating another quarter-point rate cut from the Federal...
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Why Dennis Gartman Is Urging Investor Caution As Rates Rise
Tuesday, April 26, 2022 - 12:05pm | 387Dennis Gartman is becoming increasingly cautious on stocks amid the rising-rates environment. What To Know: The former publisher of "The Gartman Letter" and current chairman of the University of Akron Endowment recently exited some stock positions and feels content sitting on...
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Dennis Gartman Expects To See Change In Trend For Gold And Bonds Pair
Thursday, October 12, 2017 - 2:17pm | 164Dennis Gartman spoke on CNBC's "Futures Now" about a price movement of gold and bonds. He said gold and bonds shouldn't be moving in tandem with one another and they've been doing so since the beginning of the year. In a broader time period, beyond one year, gold and bonds are...
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Gartman On Oil Prices: Expect Further Downside Due To Contango
Monday, June 5, 2017 - 1:30pm | 496Dennis Gartman, editor and publisher of "The Gartman Letter," is known for shifting his stance on oil from bull to bear given the highly volatile and constantly changing factors that determine the price of oil. For instance, Gartman's 2016 call that oil won't trade above $44 per barrel in his...
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Dennis Gartman On Why Volatility Isn't A Measure Of Bullishness Or Bearishness
Wednesday, April 12, 2017 - 10:05am | 320The concept of the Volatility Index, also known as the fear index, is simple: when investors are worried about the future direction of the stock market the index moves higher. On the other hand, the index moves lower when investors are confident on the market's direction. So why is it that the...
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Cotton, Europe, Boeing And Delta Air: Fast Money Picks For January 24
Tuesday, January 24, 2017 - 8:04am | 193On CNBC's Fast Money Final Trade, Dennis Gartman recommended a long position in iPath Bloomberg Cotton Subindex Total Return SM Index ETN (NYSE: BAL). He thinks that cotton is going higher. Kevin O'Leary said that he is a buyer of O'Shares FTSE Europe Quality Dividend Hedged ETF (...
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Gartman: Bitcoin Is Nearly Incomprehensible At This Point
Friday, January 6, 2017 - 11:37am | 271After skyrocketing 43.7 percent in the final two weeks of 2016, the Bitcoin Investment Trust (OTC: GBTC) has made a sharp reversal in the past two days. On Thursday, the ETF plummeted 11.6 percent. In early Friday trading, the GBTC is down another 7.7 percent. According to Dennis Gartman,...
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The Dennis Gartman Contrarian Oil Trade: Part 2
Tuesday, December 13, 2016 - 12:46pm | 490Earlier this year, Benzinga took a close look at the wide range of predictions market analyst and author of the Gartman Letter, Dennis Gartman, has made about oil prices in the past couple of years. Gartman’s outlook for oil prices is extremely fluid, often taking a 180-degree turn in a...
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Dennis Gartman Turns Bearish Again On Crude Oil
Wednesday, July 6, 2016 - 6:47am | 241Dennis Gartman shared with CNBC's Fast Money audience his view on crude oil. He thinks there is abundant supply of crude oil and he is quite bearish on the commodity. He added that the contango in Brent and WTI was widening for the last week and a half and that is in his opinion a signal of...
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Is Dennis Gartman The Best Contrarian Indicator For Oil Prices?
Wednesday, June 8, 2016 - 12:56pm | 757With WTI crude oil recently trading near one-year highs above $50/bbl, market analyst and author of the Gartman Letter, Dennis Gartman, is simply lucky to be alive. Less than five months ago, Gartman proclaimed that crude oil would never again break $44/bbl “in my lifetime.”...
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Dennis Gartman Plays Dr. Phil And Analyzes Bill Ackman's Fall Into Oblivion
Wednesday, June 8, 2016 - 8:43am | 758Perishing Square's Bill Ackman has transcended the investing world and has now become fodder for Wall Street's favorite contrarian newsletter writer. On Wednesday, Dennis Gartman spared nearly one page of his eight-page note to address Ackman's Valeant Pharmaceuticals Intl Inc (NYSE:...
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Gartman: The U.S. Dollar Is Falling Across The Board, And That's Rare
Friday, April 8, 2016 - 6:09am | 334The U.S. dollar is under attack, at least according to Dennis Gartman. In his most recent Gartman Letter, he noted the dollar’s weakness across the board in the last 24 hours is a rare occurrence. “Normally we shall see one or perhaps two currencies that are higher over the course...
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Dennis Gartman: 'Many' Governments Are Going To Fail In Wake Of Panama Papers
Tuesday, April 5, 2016 - 10:13am | 331In his newest "Gartman Letter," Dennis Gartman addressed the impact the Panama Papers could have on prominent politicians and business leaders around the world. Gartman is convinced that the leaked documents allegedly showing improper use of Panamanian bank accounts will end up being the top story...
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Gartman's We Won't See $44 Oil 'In My Lifetime' Call Hangs In Balance
Friday, March 18, 2016 - 11:21am | 132Prices for May WTI contracts surpassed $42 and are fast approaching the $44 level. One pundit said the commodity wouldn't hit any time soon earlier this year. On CNBC's Fast Money in January, Dennis Gartman said crude oil prices won't go past $44 again "in his lifetime"...