AM 1150 Radio Rallies & Reversals
Here are Dennis Gartman's top three trades for 2011:
1. Long gold
2. Long the Aussie dollar
3. Long Agriculture
Gold is basically a psychological trade, but if there is one fundamental reason to own gold it's that countries like China will likely continue to increase their reserves of gold; relative to commodities, the US$ is likely to continue to fall so own the Aussie dollar; and based on supply fundamentals, own agriculture. On the other side of the trade, the sovereign debt issue will continue shadow the EU so short the Euro.
GB
1. Long gold
2. Long the Aussie dollar
3. Long Agriculture
Gold is basically a psychological trade, but if there is one fundamental reason to own gold it's that countries like China will likely continue to increase their reserves of gold; relative to commodities, the US$ is likely to continue to fall so own the Aussie dollar; and based on supply fundamentals, own agriculture. On the other side of the trade, the sovereign debt issue will continue shadow the EU so short the Euro.
GB
posted by Gordon Bell at
7:02 PM
0 Comments:
Post a Comment
<< Home