Is This Why Copper Is Tanking?

Tyler Durden's picture

From "world renowned" Dennis Gartman's letter to investors (sent overnight):  

"NEW RECOMMENDATION: our interest in copper is piqued and we’ll “punt” copper this morning from the long side, buying May copper at or near to $3.0630/lb. as we can, with stops at this morning’s low of $3.025. We look for copper to make a run to $3.15 or even higher and on a close above $3.07 today… if possible... we’d add a 2nd unit to the trade."

Sure enough, first thing this morning:

 

 

The best "fade" $29.99/month can buy...