Gartman on Gold, Stocks and more
Dennis Gartman, much followed editor of the Gartman letter, in an interview shares his views on a number of items. Worth a read, this guys usually gets it right.
“Trading guru Dennis Gartman, author of the influential Gartman Letter, took your investment strategy questions…
Yes, I do indeed still believe that the Canadian dollar will trade to parity… and beyond… with the US dollar.
Yes, I am still bullish on the currencies and the stock markets of Canada, Brazil and Australia relative to the US dollar and stock market. Canada, Brazil and Australia are net exporters of “stuff,” and the world will need these things: grain; energy; water; et al
The outlook for nat gas is strong, but supplies are even stronger. The trend is down, and until the trend changes…. And with a demonstrably cooler summer it is not likely to change soon since the demand for air conditioning is lower than last year… those who are bullish shall have to wait for the winter.
I’d buy raw materials manufacturers and miners: steel; copper; zinc; grain growers; water… these are where I’d put my money… with stops on everything. I want to own the movers and makers of “stuff.” Grains; water; base metals… that sort of thing.”
Source: The Globe and Mail
http://www.theglobeandmail.com/globe-investor/investment-ideas/ask-dennis-gartman/article1179697/
Saverio Manzo
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