Dennis Gartman: "Zero Hedge Needs To Cut Me A Break"

Tyler Durden's picture

In an interview posted on Kitco, Dennis Gartman said gold prices are moving higher, but he is not willing to give an exact price forecast. He then explained his reasons why:

"If I put a price number on it, and I miss it by $5, I’ll look like an idiot and the guys at Zero Hedge, they’re always out to get me," he told Kitco News on the sidelines of the New Orleans Investment Conference.

"The best that one can get in the business of trading, is to get the direction right." The publisher of the Gartman Letter said he is also bullish on the U.S. dollar, and therefore remains more optimistic for gold in euro or yen terms.

"Why would I want to buy something using a strong currency when I can buy something using a weak currency?"

Perhaps because weak currencies sometime get strong again? In any case, we wish Dennis Gartman the best of luck with his directional gold trade, and sincerely hope that he is right this time.

Fast forward to 4:50 in the interview.

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abyssinian's picture

What a freaking clown! 

The Alarmist's picture

You'd think he would grasp the information content of ZH and start fading himself.

oddjob's picture

As per the video, it would appear his current trade is short of blood circulation.

wee-weed up's picture

Hey Dennis... Just because you're paranoid, doesn't mean they ARE out to get you.

Holy hand grenade of Antioch's picture
Holy hand grenade of Antioch (not verified) wee-weed up Oct 31, 2016 7:03 PM

Face it Gartman! You're a fucking pinata (underscored by the fact that you're trading paper gold)

kliguy38's picture

You fochin' bastards need to quit pickin' on that drunk fuck

Duane Norman's picture

Nah, we need to keep picking on him.  We need him around to tell us when he's going long, so we can get short. 

Face it, Gartman is the gift that keeps on giving.  ZH is doing a great service passing his "advice" along to us!

weburke's picture

he could pick cvs, but, no.

Pairadimes's picture

We aren't out to get you, Dennis. We just want to make sure you are on the proper medication.

Shemp 4 Victory's picture

He's as touchy as a menstruating girl.

Déjà view's picture

Gold Will Be Higher Than 'Price On Gartman Head'...

larz's picture

Dennis take heart you don't have to be right - just consistent I personally look forward  to your advice 

ZeroIntelligence's picture

Um um ummm who are those guys there on that site that mocks me .... ? 

LOL - he knows who. He even knows we know that he knows.

de3de8's picture

Hey ZH, starting to make the big time. When I tell my friends and acquaintances that my source of news is Zerohedge, they go blank in the face. Good to know gaining traction.

philipat's picture

Tell you what Denis, let's make a deal that I'm sure ZH will agree to. Publish your "portfolios" online, like any other "advisor", including the impact of your trading costs (from changing positions AFTER the markets three times daily) to prove how great your strategies are. Then we will all be able to recognise and admire your wisdom and knowledge so that ZH will no longer be critical of you based on objective data.

Can't say fairer than that Denis, hey?

NoPension's picture

There are only 500 copies, and they are going fast.

Ms. Erable's picture

Does Gartman need a safe space?

Obligatory: STFU, snowflake. Don't like criticism when you screw the pooch (which is almost always)? Then get off the fucking airwaves and get a job MAKING something that has intrinsic value instead of trying to skim the vig.

greenskeeper carl's picture

If it was people piling on him because his 'price of gold was off by 5$ even though he got the directional trend correct' I might agree, but it's precisely because he NEVER gets the trend right, ever, that people pile on him.

How the fuck does he still sell a newsletter? I know some in here like to make an 'inverse gartman' portfolio, but people who do that aren't typically the same ones buying his newsletter. Fucking insane that he manages other people's money.

strannick's picture

Gartmans right, for the first time. Yes ZH will harrass you if you speak.

So S.Up and F.Off

JRobby's picture

We would love to help you out Dennis!

Shoot yourself in the face on YouTube and we will never mock you again!

CNBC, MSNBC, CNN etc. survive because of subscriber fees.


Saddam Miser's picture

Dennis is on kitco. I'll let this one slide. GOLD, BITCHEZ!!!!

Rubicon's picture

You just know this sleazy cunt has a gimp mask.

Richard Chesler's picture

He got the idiot part right.

johngaltfla's picture

Dennis, if you're worreid about ZH and us circus clowns, you're losing your ass already.

BTW, thank you for being the best contrarian play since Kudlow and Cramer was on the air.

Creative_Destruct's picture

All Gartman needs to do is watch the old Seinfeld episode where George does the OPPOSITE of everything he usually does and is successful....

And realize that he's George's clone.

MayIMommaDogFace2theBananaPatch's picture

ZH would not be quite tha same without Gartman.  He is just one of many characters.

old naughty's picture

thank you, DG,

you've just re-confrmed ZH.

Nobody For President's picture

We luv you Dennis, keep predicting - you are the best!

divingengineer's picture

Ok Dave, gimme a break.


One break, commmmmmmmmmmming up!

WillyGroper's picture

both gartman & slick have the same w.c. fields complexion.

i'd wager they're snot slinging drunks.

orifice of omaha's picture

You guys lighten up. It's the first time I have ever heard him be correct.

RaceToTheBottom's picture

Sounds like a Special Snowflake needs a Safe Room....

nmewn's picture

Nobody is really out to get you Dennis, we just like taking the opposite side of your trades because you're consistent ;-)

The Management's picture

Everyones a little high right now on hillary getting "pulled" but im already starting to think if they cut n run you better believe they are gona scorch earth behind em... My guess is DB implosion cocked locked and ready to rock. Yaaaaaaaaayyyyy Trump won...the apocalypse. Maybe nice for usd short term when euro pops but by guess is they use him to blame biggest global default possible.

Oh yeah...almost gold.

AlexCharting's picture

YOu want an inverse indicator? Use Kaiser Sousa. He usually gives his report after the market closes, where he moans about the market doing the opposite of what it SHOULD for the last 7 years. 

Nobody For President's picture

Kaiser does not 'moan'.


But he does not moan.

And he's right. Like me, he just misses having a market, with real price discovery and fundamentals mattering and shit like that.

BandGap's picture

I'm willing to bet someone on these pages IS Gartman.

jcaz's picture

Dude, cut the crap-  YOU are the one making the macro calls, and you're not "missing by $5"-  you're guessing "heads" and coming up "tails" EVERY SINGLE TIME-  you defy statistical probability of any known order;

But keep it up-  I've made serious bank for myself and my clients by fading you-  my ONLY concern is that you're gonna run out of pretend money in your "IRA" account, so keep rocking with that paper trading!

FatTony7915726's picture

Hey Gartman, you are a fucking idiot and a loser.  I do the opposite of your calls and always make money.  You are the black cat of investing.  Now fuck off.

Nobody For President's picture

Fat Tony, do NOT kill the golden egg goose man. We're talkin' the best indicator in the biz.

Tall Tom's picture




So Gold is headed down??? Makes sense.


So is Oil heading down. There is a strong correlation.


Cool. Buying opportunity.


Buy into declines and sell into advances. That inceases your stores of dry powder.


Remember.  Deflation always precedes a hyperinflation. They will print to get out of a hyperdeflationary spiral. They must print and drop it by the ton. Of course it will not work. And we have yet to see the hyperdeflation yet. But we will.


Oh yes. We will.

J Jason Djfmam's picture

Look at the bright side.

He is only wrong on days that end with Y.


Gartman is like being drunk, and zipping up after a piss without tucking in first. 

Painful decision self inflicted.  

J Jason Djfmam's picture

Is that the frank or the beans?

decon's picture

Not very fight clubby! C'mon Dennis, take off your shirt, put up your dukes and get to it!