dennis gartman has a trade on autos which has massive long-term bullish potential.xplain is dennis gartman himself. in las vegas, nevada. away from the snow. away from the bluster. what's the trade, dennis? >> i took a look over the weekend. i've been watching it for a while. but the chart pattern just jumped out at me. liking at palladium. palladium and platinum are the two semiprecious medal metals te involved in catalytic converters. the automobile sales numbers out of china really struck me. i look at the chart pattern and thought, this has gone sideways for 3 1/2 years. looks like it's breaking out on the upside. if gold doesn't give up the ghost, i think palladium has a chance to move several hundred points higher. you're going to buy palladium at $720 an ounce. you could be looking at $1,000 or more on palladium. i'd never say that about gold. but i can see that happening to the palladium market. you have to be careful. it's terribly, terribly illiquid. be careful when you trade it. it's not one of the things i would tell people to jump into. it can be extrem

dennis gartman of the gartman letter. long gold, short oil. that's dennis' trade.gold, short oil. that scares me. the airlines get whacked, look at delta today before the tape really sold off. another all-time high. >> time for pops and drops. blackberry down 5%. >> this is a stock up 50% in the last 22 trading sessions. the oppenheimer analyst is like, yeah, no. and downgrade to an underweight. that's an appropriate call. not a lot of upside from here, given negotiations that are ongoing. >> hain, a pop today. >> on our seventh anniversary show, continues to make new ways to grow this company. the acquisition of tellda. this is growing 25 times in a space when competitors are growing five-times. all-time highs. >> pop for juniper. up 7%. >> management taking a stake. trying to make changes. you can't chase juniper here. but you can chase cisco, which was having a nice day until the tape caught up. i think cisco above 22. >> a pop for twitter. up 1%. >> josh has made this point a million times. until you have earnings, it's hard to trade this. you have to go fear a

all kinds of reasons for minus signs in the equity market today. >> with us to that point is dennis gartman and our own bob posani. want to get their thoughts on this market. dennis, first to you. it feels like the kind of market where the selloff happens before people come up with a reason for it, and the reasons will only be clear in a week or so. >> well, that's the way it almost always is in all markets, kelly. we find out the news later. but what bothered me this morning when i was writing my commentary was the divergence that we had seen over the course of the past several days, the dow refused to make new highs. the other broad indices were -- and one of the things i watch are for those sorts of divergences. for the first time in a while, i've been very bullish on stocks. this morning i said, you know what, probably not a bad idea to make couple calls, buy some derivatives to protect yourself on the downside. i think this might get a little ugly for a couple days. maybe a couple weeks. >> for the record, art has been walking the floor today pounding the table euphemistically about th

on our panel, dominic chu, robert frank and dennis gartman.naire is here as well 37 dom, one of the first things that happened is auto sales are quite disappointing. do you think that had to do with the selloff -- or i should say, pull back from almost 70 80 points on the dow or more with what's happening with the fed today? >> i think it's key what you said. this wasn't like a sell off. we're talking about a market with a decent selloff with the s&p down about, we'll call it almost a percent yesterday. what you have today is a -- is consolidation, if you will this kind of tug of war going on. people want to figure out whether or not they want to jump into this market, whether or not this was a dip or not to buy. that's the real issue. those auto sales, yes, they were disappointing and, yes, they do paint perhaps a slightly bleaker picture about spending in america but it dentidn't weigh heavy on the markets. >> what was it about -- we started the year off on a pretty weak note. >> it's going to be a down week. i'm calling this the hughie lewi

dennis gartman of the gartman letter. it's trending on twitter, by the way. #clowngrade.to the gold trade. >> i need the word clown attached to my name. hi, mom. >> the way i look at gold here is hopefully, figure out a place where i can play gold but don't have the risk spiking up. i would be long platinum against gold. this was at 0.55, gold to platinum. get out of that trade. get long platinum. >>> find out what caused one analyst to reach his boiling point this morning and put apple and amazon on his blacklist. so i c an reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. ♪ [ male announcer ] what kind of energy is so abundant, it can help provide the power for all this? natural gas. ♪ more than ev

we spoke with dennis gartman today on "talking numbers." i asked him about this. incredible. listen to what he had to say about nat gas prices. >> we're used to hearing nat gas prices at that $3.50 per million british thermal units. then we went to $4. now today, just at the nearby future, we went to $5. you've got places in the spot market where there's really a tightness of supply that are $40 and $50 and maybe even a multiple of that in some areas for those who really need nat gas and can't find it. there's a very severe shortage in the spot market. >> wow. that is something. sharon epperson joining us now. a couple of points. anybody else talking about the spot problems and also, what the heck is going on to cause nat gas to spike so much? >> everyone here is talking about this spot problem and the issue is really pipeline disruptions that we saw here in the northeast area earlier this week. we're talking about spot prices that were at $135 on wednesday for the cash market. so this is an incredible record, about three times greater than the record that was set

let's ask dennis gartman and greg epps, cnbc contributor from "the economist." of you with us. dennis, we'll start with you. where do you think gold goes from here? >> it depends on whether we want to talk about gold in dollars or gold in yen or gold in euros. >> let's talk in dollars. >> in dollars, probably sideways, probably in the a great, good deal of excitement. if it goes anywhere, the time for being short of gold has probably passed us. the time for being long of gold is probably not yet upon us. if you made me do something in gold, i'd buy it, but you'd have to hold a gun to my head. >> then you'd have to be patient for it to move is what you're saying. >> i think you'd have to be very patient for it to move. >> greg, i know you claim -- this is your claim. you're not burdened by a lot of the insights of the movement of gold. we know the fed wants to reflate the economy or at least raise inflation expectations. you would think that would mean higher gold prices down the road. >> yeah, but look at what they're fighting against. they wouldn't be talking a

and people are trying to sort through it as my friend dennis gartman alluded to at a different time.other places are the new cypress, the new greece or exactly what it is. maybe it's the combination. >> your point about the fed. santelli was just arcing that this is what you get. when you run out of water, to use his analogy. is this all part of the natural phenomenon of taking off a band-a band-aid, of withdrawing, tapering down some liquidity, or does this have more to do with what china did and their pmi? >> it's a combination of both. the china pmi is important but don't lose track of the other part of the story and is that their banking system and the liquidity problems evident in china. that was part of the discussion. that helped start this. this is like a cascading effect. yesterday on china and the worries about their financial system as well as the slowdown prompted people in asia to go on a flight to safety which meant, believe it or not, buying the japanese yen because they're most familiar with that. that reversed the carry trade. and it got everything rolling over into