From a post less than a month ago:I don't particularly care for Dennis Gartman, but having said that, was he wrong or was he simply early in his suggesting that oil at $55 was the new floor?
Dennis Gartman (CNBC contributor) who said oil would never see $55 again, turned bullish this week, suggesting one could see another $6 - $8 on the upside vs only $2 to $3 on the downside.
Poll at the sidebar at the right:
- was wrong; oil is falling to $45 and we won't see $60 for quite some time
- was early: oil will be at $60 by end of the year