Gartman: Shorting US dollar would be “very, very bad decision”
Dennis Gartman, trader and author of “The Gartman Letter”, takes a look at what’s behind the dollar’s decline.
He said: “There’s no question, everybody, everybody is bearish on the dollar. To take a net short position in the US dollar right now, I think would be illogical. I think it would be a very, very bad decision. I have no net dollar positions on. I’m short yen against a lot of things. I’m long gold against a lot of things. But would I be net short of the dollar at this point? No, the boat is extremely crowded.”
Source: CNBC, April 20, 2011.
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