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Is This Why The Dollar Is Sliding
From the Gartman Letter, May 12, 2015:
To end our discussion of the forex markets, we think it is time to return to an old friend: long of the English speaking currencies/short of the Yen and we shall do so en masse this morning, buying the US, the Canadian, the Aussie and the Kiwi dollars against the Yen upon receipt of this commentary. We shall have stops on the trades individually in tomorrow’s TGL, but we’ll give them 2% against us as an initial stop point.
Immediately after:
... And:

Not even Stolper was this good.
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I love it when he is wrong every time on everything
I love it when the "English-speaking countries" bias is shown, in such a blatant way
Gartman: "...we think it is time to return to an old friend: long of the English speaking currencies/short of the Yen and we shall do so en masse this morning, buying the US, the Canadian, the Aussie and the Kiwi dollars against the Yen upon receipt of this commentary..."
as if the "English-speaking countries" had any similarity in their economies. except in the "banking industry", that is. (meanwhile, the US Trade deficit is up 40%, to USD 51 billion)
As we say in the South - "Well bless his heart"
Shartman strikes again!
total fucking looser...
bullshit breathe
Loose=opposite of tight
LOSE=opposite of win
i can add w/o calculator, but can't spell for the life of me. oh well, my weakness. hopefully some see past that. thanks though.
Jim Rickards recently explained why the dollar must come down on this Boom/Bust video on May 7. He starts at the 2:45 minute mark and the pertinent part is at about 6:30. He says “There’s too much debt and not enough growth in the world. The only way to get growth now is by stealing it from your trading partners through currency wars. But not everyone can devalue their currency at once. Somebody has to be weak currency and somebody strong. Bernanke came up with a plan back in 2012 he calls pass the canteen. We’re going to take turns cheapening our currencies.” Now it’s the dollars turn to weaken in order to strengthen our economy. (which should force pm's higher)
https://www.youtube.com/watch?v=m0l_wXkoUEg&feature=youtu.be
Obviously there are crooks among the sheep....
I'm really getting sick of seeing this fat, bagel eating fucker's face, especially given how he's the new Stolper (just do EXACTLY the opposite of what he proclaims - every single time) yet manages to sound arrogant.
p.s. Yellen is trapped in a small box & can't get out. The walls are closing in on her
Seriously...how many asshats can a person have?
He went long as the dollar was approaching the combination of trendline support AND the fib retrace of the dollar's ballistic climb, all-in-all not a bad guess. But with the Gartman curse against it not even such solid support could hold for for more than a few hours. There are no more trend supports until the low 80s so the next possible turning point is the 50% retrace at 92. We'll see if he flip flops there (bet he does).
so techicals are a joke ? didnt know that
pauvre gartman. so many haters. gartman used to be pretty good in the early 2000s but since he became the darling of the administrations favorite business mouthpiece cnbs he has lost his touch
Yes, its hard to remember that Loose is the opposite of tight . :-)
Yes, its hard to remember that Loose is the opposite of tight . :-)
And, as we from the South clearly understand, means, "he's full of shit". Couldn't let that slide, sorry.
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com
Someday maybe Dennis will find a cliff that looks just like that dollar chart and jump off it
Gartman has all of you fooled. Do you think he went long? Let me answer that, HELL NO!!!! He is just like Goldman nut sacs. They get the muppets going one way and take the other side.
Goldman made a statement not long ago saying oil could go a lot lower reported here on ZH. This was around $46 a barrel I believe. The article was around March 18th as you can see the last 30 minutes in close went 200 ticks or 2 dollars a barrel. This was not long after Goldman made the comment. Pay attention and you can make some free fiat to buy pm's and land from their own game. Do not go in all blind but pick your spots.
What a fucking turd this guy is.
At least we now know what happened to Stolper after his plastic surgery.
To Dennis and other chosenites. ''Arbeit macht Frei''.
Geez, a one week time frame!!
Isn't that kind of like taking a one week rally in gold or silver and now pronouncing the bull market in PMs is on? Then a month later you see the price of PMs is till about where it was a year ago.
Rhetorical, I'm sure, but just to cover it, the answer is, "si".
Gartman is an english speaking racist. And yes, he comes from the South. Hes like that villain in Man from Atlantis. A pompous southern twit.
Everyone is a racist. I race Porsches, other men in running track, my dog to the dropped steak on the floor.
youre completely bonkers. welcome to ZH.
I would love to know just who subcribes to this douchbags newletter? Can't be many, unless they do so to place their bets to the contrary!
Now is the time to go long the dollar; this was a short retreat. The Emerging Markets, especially those who export oil and other commodities, are in bad shape in dollar denominated assets (primarily bonds); over 9 trillion with many coming due over the next couple of years. Therefore they will need to get the green backs and/or defaults....we will see both a surge in the dollar and defaults, then the USD takes on a whole new face or faceless value. So if an EM owed 1 billion in USD denominated debt and now the dollar is 15% "stronger", then that means the EM will need the equivalent of $1.15 billion at a time when they are receiving less revenue due to the severe drop in oil revenues. This will cause both the demand and the defaults. I suspect this has already happened; just not on the scale in which it will.
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"The 9 Million Dollar Short That May Send The Dollar Even Higher"(Bloomberg) http://www.bloomberg.com/news/articles/2015-04-12/the-9-trillion-short-t...
"US dollar owes its strength to one simple thing: the world's need to repay a mountain of debt" http://www.scmp.com/business/banking-finance/article/1752761/us-dollar-o...If U guarantee my bet, to restore every cent I go long should the dollar fall, I will put even the money I was saving for my Viking Funeral on it.
Deal?
Long Viking Funerals .... have you been to Malmo .... lately ?
Yeah, but he does caveat with advising a 500pip stop....doesn't he?
All these talking heads and analysts and their newsletters. Why don't they get out and get a real job and do some real work?
Golden Jackass ''Jim Willie'' is interesting to listen to, but at the end of each spiel , he says subscribe to my newletter.
Lindsey Williams the phony asshole preacher , same thing.
The are like the fucking missionaries who go to convert ''heathens'' in Africa. Give them flashlights but they have to go to church every Sunday to get the batteries. for an offering.
I know nothing of this Gartman chap (and any info my fellow ZHers could give me would be appreciated. Should I listen to him or not?). But straight off the bat, I don't like him. He talks about buying into "English speaking currencies", then mentioned the Canadian Dollar, the Aussie Dollar, The US Dollar and the Kiwi Dollar. Totally ignoring the UK pound!
What's wrong with us? Are you hating on us? Are you scared of us? Or are annoyed that we told you to go screw yourself because we were joining the AIIB despite what you think?
(N.B. My tongue is a little in my cheek, but I do wonder if he purposely ignored the UK pound (fourth reserve currency of the world) or just plain forgot).
Should you listen to him or not??? Economists all have an opinion. Even YOU could become one, with a website and a Newsletter, giving your opinion.
you brittle limey chav
only sure bet imo is raw acreage because if it goes down everything else will too, except treasuries. all relative and my money is where my mouth is...wouldn't touch treasuries with gloves and a ten ft pole.
land cause it aint being made unless you live next to lake mead.
Most millionaires made their money in real estate.
like you said ''Because they don't make any of it anymore''.
I had an uncle who bought 20 acres of what was considered crap land in the outskirts of Chicago in the late 50's. He paid 5000 dollars for it. Then he started a lumber yard business and contracting to build homes , on 5 acres of it., Then they wanted to buy another 5 acres for a school and shopping center., etc etc etc.
you get the idea. He made MILLIONS from that small investment in the end, his money was all tied up when he died his wife had to sell a parcel of land to bury him.
... and this is what passes for valuable work these days???
Can someone with too much time on their hands go back and do an illustrative example of a $1,000,000 portfolio that consistently followed Gartman's recommendations over time? You couldn't trade the US dollar if you wanted to this morning because you wouldn't have a dollar left.
-1,000,000,000
Tune in to Cramer for a confirming indicator.
Maybe gartman should pull a costanza and do the opposite of his normal inclinations.
That will not work, the market gods are watching him like a hawk.
Gartman has careved out a new profession in the financial world, Fronting for the Front Runners.
Very simple explanation.....the EUR is gaining ground, therefore the Dollar Index goes down because the EUR has a 57% weighting.
Fire Fartman and hire him as an Amtrak engineer
Hey Dennis, "The Vikings are coming", so I suggest you switch back to your southern drawl.
Lately, I feel like Gartman . . . It's not a good feeling
https://www.thegartmanletter.com/contact.aspx