Dennis Gartman
Dennis Gartman
argued case finally japan needs proving weak
Japan needs a weak yen. We have argued that case for months, and finally it is proving of merit.
bankruptcy economic japanese major marked point turning
The Sogo bankruptcy marked a major turning point in Japanese economic history.
certain figures lower rate
And we are certain that when June's figures are compiled, the unemployment rate will be lower still.
drove europe highs initial low problems
Europe still has the same problems that drove the euro from its initial highs of $1.17 to its low of 88.50 cents.
basically becoming bull dollar major means months move neutral past people period several turning
People who have been with me for 20 years know that when I say watershed that means a major shift. I've been a dollar bull for a long period of time, have basically been neutral for the past several months and am now turning to becoming a dollar bear. This move through $1.22 is definitive.
course doses economic efforts europe organized prove rather reforms seemed shall small
Friday's intervention efforts seemed long over-due, well organized and much needed. They shall prove fruitless, however, for of course the long-term economic reforms that Europe is in need of are only now, rather reluctantly, being put into effect, and only in small doses rather than materially.
canada name
Why shouldn't Canada go to parity? It has what the world needs. It has water, it has oil, it has steel. You name it, Canada has it.
currency equity hitting october panic
The October panic is hitting more than the world's equity markets; it is hitting the currency markets, too.
capital problems radar screens seem smaller
There are very real problems brewing in the smaller currencies of the world that do not seem to be upon the radar screens of the world's capital market's traders.
bullish disdain gold growing reason remain simple
We remain fundamentally bullish on gold . . . for the very simple reason that there is growing disdain for currencies generally.
bank deal feeling great political pressure
There is no question, however, that the bank was feeling a great deal of political pressure put upon it by the government.
coming continued continues data economic given weak
The yen continues to weaken, as it should, given the continued weak economic data coming from Tokyo.
healthier market needs past rally shall week witnessed year
A rally such as we've witnessed in the past week needs a correction. The market shall be healthier in the new year because of it.
above conditions economic target ultimate
Japan's economic conditions are horrific. We think the yen's ultimate target is well above 140 yen to the dollar.