Making a call on the price of oil

Dennis Gartman said that oil will never trade back above $44 in his lifetime.

We really don’t like absolute calls on arbitrary issues. Unless you can mathematically prove a fact, these are foolish calls.  This may be the worst call anyone will make in 2016 – it took about 45 days to be proved completely wrong.

 

The USD has fallen very far, very fast (over 15 cents since January 20th) it is worth looking at re-purchasing our USD sold earlier in the year, we are now examining this call.

 

Chris

416-572-5429

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