Gartman Says ‘Worst Call’ Was Corn Bet, Sees Further Gold Rally
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Dennis Gartman, a fund manager and the editor of the Gartman Letter, said his worst investment this year was a bet on grain before a U.S. Department of Agriculture report last week that showed an unexpected jump in corn supplies.
“The worst call was buying grain a couple of weeks ago and then getting absolutely blindsided by the USDA suddenly finding 300 million bushels of corn that they thought they had lost,” Gartman said today in an interview with Tom Keene on Bloomberg Television. “That’s a lot of corn, especially in a country where we’re going to produce about 13 billion bushels.”