Gartman: Shorting US dollar would be “very, very bad decision”

 EmailPrint This Post Print This Post

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.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>




Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones

One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

April 2011
« Mar May »

Feed the Bull