Is This Why Copper Is Tanking?
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...
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