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The Tell: Dennis Gartman: An ‘exaggerated’ and ‘stunning’ rally could be on the way

Dave Lutz of Jones Trading once hailed so-called “Commodity King” Dennis Gartman as “the single, best contra-indicator on the planet. Worth his weight in gold.” Gold GCU8, +0.07% , incidentally, is down about 8% since the beginning of the year. Gartman predicted it would rally in 2018.

But let’s move on to his most recent prediction. If Lutz is right about Gartman’s knack for getting it wrong, it might be time to sell everything!

Excerpts from Gartman’s latest missive, were posted Wednesday on Zero Hedge. They laid out a scenario in which the blue chips break out to record highs.

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