Dennis Gartman

Gartman Covers Oil Short

"we are going to move to the sidelines in crude oil, covering our short position upon receipt of this commentary and standing aside. In retrospect, we should have covered last week amidst what was then panic liquidation, but we follow our rules regarding the changing nature of the contango and shall make the change today."

WTI Tumbles Back To $43 Handle Despite Desperate OPEC Jawboning

Despite headlines from Kuwait's oil minister that Nigeria and Libya had been asked to joing OPEC/NOPEC discussions with the view of agreeing to a production cap, crude prices are tumbling once again this morning, not helped by dramatic price targetr cuts by BNP and Macquarie.

Gartman: "The Time Has Come To Be Short Of Oil Once Again"

"The time then has come to be short of crude oil once again, and we are certain that we shall be at least as equally scoffed at for selling crude today as we were two weeks ago for urging everyone, everywhere not to be short."

Citi: Here Comes The V-Shaped Rebound In Oil

"Investors should position now for a potential V-shaped rebound in crude oil prices, as price risk seems asymmetrically skewed to the upside.... once market sentiment turns, prices could rally sharply."

Gartman Turns Bullish On Oil

"This morning, given the myriad downgrades that the energy stock analysts have put forth in the course of the past several days and given the severity of the recent weakness we think it is wise to say that for at least a while strength is not to be sold and that for a while weakness is indeed to be bought."

Gartman Turns Bearish: "Today Is The Summer Solstice; Be Prepared"

"There has been a historical precedent for market turns of consequence to have taken place at or very near to solstices and equinox. Given that today is the Summer Solstice we are on guard, for as the chart this page suggests the past may not perfectly be the prologue to the future but it is at least worthy of note."

Dennis Gartman Snaps In Epic Rant Against Snapchat

"This is utter nonsense; This is not a business… this is a time sapping hobby; a diversion; a silly little waste of aggregated time that could be spent “profitably” but which is spent stupidly instead."