Dennis Gartman

facebook_page
twitter_page

Last quote by Dennis Gartman

He understands that crude oil, over the course of the next 20 to 40 years, is going to be a worthless commodity. It will be supplanted by something else. That wouldn't surprise me, since we have been down far more than we probably should have given the fundamentals at this point. But I'll tell you one thing: in the long run, crude oil is heading egregiously lower.feedback
share this quote
NEW Jun 24 2017
The latest quote from Dennis Gartman is: “So it may be a black swan for the oil industry itself, but it's a white swan or the economy in general.”. It comes from the The oil bear market has turned crude into a ‘worthless’ commodity article. You’ll find on this page 21 articles with Dennis Gartman quoted on topics such as Trump, Russians and price. Dennis Gartman has been quoted 43 times in 21 articles.
Automatically powered by Storyzy
Take our quote verification challenge and find out !

Dennis Gartman quotes

Mar 03 2017 - OPEC

The Trump Administration is modestly bearish for prices of crude oil, but demonstrably bullish for domestic crude oil production.feedback

Feb 22 2017 - Oil

The first thing one learns in the business of commodities is something that should be fundamentally going down when inventories are extraordinarily high should be pushing crude oil prices down, and they're not. Secondly, I watch what's known as the term structure. What is the front month doing against the second? What is the front month doing against the one year back? Why would I wish to own gold in dollar terms ... when I can use cheaper devaluing currencies – the euro and the yen – to do the same thing?feedback

Dec 14 2016

The real movement now is that we will see a movement towards the Mahoney Valley which is where steel was born here in the United States.feedback

Dec 14 2016

The incoming president has made it abundantly clear he will focus attention on several areas, infrastructure being primary, defense being secondary and I think … I want to own the things that if I drop them on my foot will hurt: Steel, ball bearings, railroads that sort of thing.feedback

Dec 04 2016 - OPEC

If you can bet on one thing in this world, bet on a mother's love, and bet on the fact that OPEC cheats. But it will be a month or two before we see that happening.feedback

Dec 04 2016 - OPEC

I've said for a long time that i don't expect oil to get above $52. There are so many people caught on the short side of WTI and that's what you are seeing right now. That will end sometime in the coming weeks.feedback

Dec 04 2016 - OPEC

The strong dollar is going to continue to be overhead resistance on commodity prices. Clearly that adds to the price of crude oil and that is bearish in the long run.feedback

Nov 09 2016

I think the world was not prepared for Mr. Trump to win this. So money is fleeing to safer havens – it's going to gold, it's going to the Japanese yen.feedback

Nov 09 2016

I think the benefit goes to the gold market because of uncertainty. I think that's going to happen rather consistently.feedback

Nov 09 2016

Coal mines will be reopened. New coal production will come on stream. Natural gas ... we will be drilling, drilling, drilling for more.feedback

Nov 09 2016

I think that we're going to see the dollar become a good deal stronger because of this. I do think that Mr. Trump tends to be somewhat of a trade protectionist. Who's going to be hurt by that? It's going to be the Europeans. It's going to be Germany, that depends so much upon trade exports.feedback

Nov 09 2016

That's going to be helpful to the suppliers of the production of crude. It's going to be detrimental to the crude's price itself.feedback

Nov 09 2016

I think the first thing you want to do is go to the sidelines, if you're not already there. If you didn't get to the sidelines before the vote, get to it now. If you're long on the fact that the Dow has rallied 300 or 400 points from the lows … use that as an excuse, as a reason to get closer to the sidelines.feedback

Nov 09 2016 - Protectionism

I voted for Mr. Trump, but I was not happy to have done it. I did it by holding my nose and [pressing the button], but I am fearful of his trade protectionism, I'm fearful of his movement towards trade tariffs around the world and I'm fearful of what this means globally.feedback

Nov 06 2016

It's going to be very difficult to get WTI much below $40.feedback

Nov 02 2016

The only fellow speaking the truth about crude oil was [Igor] Sechin.feedback

Nov 02 2016

I think we take crude down into the low 40s, which is a break in trend lines as the cantango continues to widen.feedback

Nov 02 2016

You probably have to take WTI down now to $40. You need to take it down there to stop ... production facilities here and to stop people from bringing on old wells that had been drilled and capped. At $40, they'll probably stay capped.feedback

Oct 27 2016

I think it's going to be difficult even if they get an agreement to put prices very much higher at all.feedback

Oct 16 2016

Wells that had been drilled, that had been capped in the United States are coming back on stream, and new production, new drilling is going to take us back.feedback

Oct 16 2016

I find it fascinating that gold has held reasonably well, even tries to rally as the dollar has gotten stronger over the course of the past six or seven days.feedback

Oct 16 2016

Where's crude oil going? On balance it's going lower, not higher.feedback

Sep 07 2016

The Saudis, the Iranians and the Russians have nothing they can say to us to tell us to stop our own production and we won't.feedback

Sep 07 2016 - Ford

So, the amount of crude oil that's going to come out of the Bakken, out of the Permian, out of Eagle Ford, is just going to be very large.feedback

Sep 07 2016

There will be no freeze of any consequence. The contangos continue to widen, which tells you that there is an abundance of supply in the market. As long as the contangos continue to widen, as crude oil bids for storage, prices are going to head lower.feedback

Sep 07 2016

The reality is we're going to be stuck for several years between $35 on the low end, and $55 on the high.feedback

Aug 28 2016

You don't want to risk much on this trade. I can see gold breaking up to the upside and I can see the bond market breaking down to the downside. You don't need to risk more than one or two percent.feedback

Aug 28 2016

Having been at this for forty years, I always look for anomalies. It's very strange to me that, since June, as went gold so went the bond market.feedback

Jul 28 2016

You had a period of about three or four months where they did in fact move in correlation with one and other. On balance over broad periods of time, the correlation is negative. If you did get crude oil [back] down to $35 then something is going on economically that's taking stock prices down. But it's not crude that's weighing upon stock prices, it will be economic activity that's weighing upon stock prices.feedback

May 22 2016

There has been an aggressive seller of spot gold at 1,270 to 1,285.feedback

May 22 2016

I would be hesitant at owning gold in dollar terms.feedback

No quotes...
More Dennis Gartman quotes
|< <
> >|

Quotes by Dennis Gartman

<
>
Quote Verifier
verify-icon
Check if the quote you read on social networks is authentic
facebook_page
twitter_page
This webpage has been created by a robot: errors and absent quotes cannot be totally avoided
 
Feedback×

Quote :

Mistake :

Comments :