Thursday, April 17, 2014

Crude Alert: Gartman Is Now Long Oil

zerohedge.com / by Tyler Durden / 04/16/2014 10:36 -0400
Having been stopped out of his “long punt” in copper futures (which are, we remind readers, levered via margin and not a simple cash percentage loss of capital), world-renowned (for something) Dennis Gartman has issued his latest missive – ultimate contrarian call – advice… “we are sellers this morning of copper and buyers of crude oil, one relative to the other, with the problems in China weighing upon the former while crude has held impressively as other commodity prices have fallen.” Crude oil longs beware… prepare to be Gartman’d.
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