*This weeks show begins with
a review of the business headlines and the Spotlight
Pick. Next, Bob Chapman and I listen
to news clips, dissect the M3 figure and take listener
questions. Goldseek Radio has resurrected the M3
money supply figure, one of the top inflation
gauges available. According to Bob, once the M3
declines for 3 consecutive months, the inflationary
economy will shift into a deflationary quagmire.
GSR will keep listeners up to date regarding any
major shifts in real money growth. Next, Gary
Kaltbaum shares his thoughts on the real estate
sector and Jack Chan thinks stocks are advancing
due to positive seasonal tendencies. If you'd like
to be added to the Spotlight Pick e-mail list, for
each weeks ticker symbols and related information,
send a message to: goldseekradio@hughes.net
*The second half of the
program starts off with the next audio excerpt from
"Oil Storm." The TV documentary accurately
predicted the oil dilemma and may hold clues to
future energy market events. Next, one of the world's
leading market advisors, Dennis Gartman says:
"When their yelling you should be selling and
when their crying you should be buying." The
professed market contrarian is long gold and searching
for stocks to short. Dennis divulges his powerful
money management, position sizing and technical
analysis techniques to the benefit of the neophyte
as well as the professional.
Dennis Gartman, the editor and publisher of the Gartman
Letter, has been in the markets since 1974.
Born in Akron, Ohio, Gartman received his BA from
the University of Akron and MA from North Carolina
State University. After finishing his graduate
work in the mid 1970s, he worked as an economist for
Cotton, Inc. analyzing cotton supply/demand in the
US textile industry. From there he went to NCNB
where he traded foreign exchange and money market
instruments.
In 1977, Mr. Gartman became the Chief Financial Futures
Analyst for A.G. Becker and Company in Chicago, where
he also served as an independent member of the Chicago
Board of Trade, trading in treasury bond, treasury
note and GNMA futures contracts. In 1985, Mr. Gartman
moved to Virginia to run the futures brokerage operation
for the Virginia National Bank, and in 1987 began
producing The Gartman Letter on a full-time basis.
He continues to do so to this day.
The Gartman Letter is a daily commentary on the global
capital markets subscribed to by leading banks, brokerage
firms, hedge funds, mutual funds, energy and grain
trading companies around the world.
The Letter each day deals with political, economic
and technical circumstances from both a long and short
term perspective, and is available to our clients
and prospects at approximately 10:30 - 10:45 GMT each
business day of the year. Mr Gartman has been producing
his commentary on a continuous basis since 1986, and
has taught courses on capital markets creation and
derivatives for banks, brokerage firms, governments
and central banks all the while.
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