Tuesday, February 9, 2010

Gartman: Commodities To Drop, European Union Set To Implode

Dennis Gartman says a market correction is coming and explains the benefits of sitting on the sidelines. He also says he's shorting commodities, as prices will fall, therefore you should buy... restaurants.

He does not believe the world is coming to en end, and thus is not so keen on gold.
Last but not least, he says the European Union is set to implode. Problems are structural and will last a long term. Germans remember how tough it was to bail out East Germany, they will not bailout others. He is short Euros agains CAD and AUD.

We follow all currency ETFs on the market live here.

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