So propably you’re subscriber of smartmoneytrackerpremium.com, website run by Gary Savage – or maybe you are thinking about becoming a subscriber. Well, read my blog and i think you will change your mind. You think he is such a great trader ? well truth is far,far, FAR away from that. In a fact – in long term he is WRONG about literaly EVERY market – gold, dollar, stock market. It’s easy to track his “record”, on his blog.smartmoneytrackerpremium.com you can read archive post to check his achievements. I dont know why people dont do that ?! Its easy to find out that since 2011 – in a long term he is WRONG WRONG WRONG and WRONG in his predictions. In a short term – yes he have some nice trades, recently he bragged about “4 perfect trades in a row”. Well guess what happened next, his next trade hit 70% DRAWDOWN, which is almost equal to BANKRUPT. On his website he’s posting “model portfolio” which is nothing but virtual money. But his subscribers are using REAL money and have real losses. So he started about 2011 claiming that gold is going only higher and higher, when bull market in gold crashed he claimed that its only a correction and bull market will resume with target prices around 2000-3000$. Yes… You know what happened right ?

But even in 2013-2014 he still believed that bull market is still in play ! And he was very confident about it, just check picture below, “i can assure you”, “im sure” etc – he is still using this word to this days. “you will make shitloads of money” etc. But what happened, he lost most of cash in “model portfolio”, leaving his subscribers accounts EMPTY. The he hid this portfolio because he is refusing to admit that he was totally wrong about EACH MARKET in timeframe 2011-2014. Just check his predictions they are public available. He claimed that stock market is going to fall, well what happened ? all time highs… he claimed that dollar is done, and what happened ? multiyear highs. He is still claiming that dollar is done, but dollar is still making new highs almost each day 🙂 And of course – gold, he was totally wrong

So to resume – he was 100% wrong on each market, he lost his subscribers money because of that. So what he did, in 2015 he decided to reset his model portfolio, new balance like never happened. Well his subscribers couldnt do that, their money are gone forever.

FINALLY gold bottomed in 2015 so guess what, Gary is on fire again – gold is going to 4000-5000$ this time! dollar is done ! you’re going to make shitloads of money etc, saaame old story

gold prices went higher, no wonder, after fall from 1900 to 1050 it had to rebound at some point. So it rebounded and Gary FINALLY started to make (virtual) money. Subscribers base started to grow, damn what a good trader, he claimed bull market in gold and it happened (no one checked that he claimed that since 2011). Model portfolio rose from 100000 to 220000 and Gary started to bragging about it, every time someone had other opinion (maybe its not bull etc) he responded like he is smartest trader ever, you dont know nothing, im sure, im 100% sure. Yeah, he was sure in 2012,2013 and 2014 also

But what happened in october 2016, Gary went long in gold at 1330$ of course at heavy leverage (JNUG), his subscribers followed him. What happened ? gold went down like a rock, to 1250$ and Gary’s model portfolio from 220000$ shrinked to 66000 which means -33% from START balance.

So lets resume: his model porftolio lost like 70-80% in previous years, he reseted it (virtual money right) then at the moment he is down AGAIN. And of course he is still claiming that dollar is done, and that gold is going to rise above 1500$ before end of 2016. How this will end ? I just hope that his subscribers will not lost most of their money again..

Summary
– he lost 70-80% of cash in 2012-2014
– he hid this like it never happened, just ask him about his previous record – he will ban you or delete your comment
– he lost 70% of cash in ONE trade, so he was DEAD WRONG about gold’s direction but he is STILL acting like trading god

So do you think that this are achievements of good trader ? do you want to PAY him for that ? Think twice. Below you find his “best moments”:

January 2012: If this scenario plays out then we can jettison the deflationary bear market hypothesis and begin positioning for the inflationary scenario which should culminate with a dollar crisis in late 2014. This scenario also has the potential to drive the bubble phase of the gold bull market.
my comment: since then dollar is UP 20% and you know what happened with gold – NICE CALL

April 2012: THE BEGINNING OF THE END (about stock market)
As convincing as this rally has been I am confident this is an ending phase and not the start a new secular bull market.
my comment: this “ending phase” ended with sky rocketing of stock market, SP500 went +60%, another NICE CALL

June 2013: No one even believes that gold will ever see $1900 again, much less many multiples higher than that. Yet gold has now put in place the necessary conditions for a bubble to begin. And all big secular bull markets end in bubbles.Human nature never changes. 
my comment: do i have to comment that ? gold went from 1400 to 1050, “bubble” ? really ?

this is only a small part.. i just want to prove that he was wrong about EACH market. You want more ? check this and dont forget to read all comments: https://forexkong.com/2014/01/16/gary-savage-the-dumb-money-tracker/

Also check this blog, MUST READ: https://goldbugspray.blogspot.ca/ especially:

https://goldbugspray.blogspot.ca/2017/01/gary-nailed-usd-call.html
https://goldbugspray.blogspot.ca/2017/01/still-falling-for-you-r-bullshit-gary.html
https://goldbugspray.blogspot.ca/2017/02/baby-bull-how-one-man-spotted-60-of.html
https://goldbugspray.blogspot.ca/2017/02/baby-bull-how-one-man-spotted-60-of_9.html
https://goldbugspray.blogspot.ca/2017/02/baby-bull-how-one-man-spotted-60-of_15.html

After reading this, are you still willing to pay for Gary’s SMT service (which should be called LMH – Lose Money Hard) ?

BREAKING NEWS: After losing MOST of portfolio in SINGLE TRADE he is doing it AGAIN, Gary deleted his model portfolio in 2016 because he was close to going bankrupt AGAIN. Same situation happened after huge losses in 2011-2014, he deleted portfolio and made new one and guess what, he lost most of it AGAIN. This guy is nothing but MONEY LOSING MACHINE, total amateur which was overconfident about new bull market in gold. He was aggressive against every opposite voice (maybe its not bull ? he was like: you’re stupid IM SURE !) and now we see the truth. Guy knows nothing, cant make money in trading – LOSER OF THE CENTURY – and whats worse, he’s taking money from subscribers for it ! BEWARE

gary2013

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Comments 4,551

  • Hey Gary, I took out a HELOC loan for and maxed out my credit cards to short the energy market a few days ago on your recommendation, today the bank repossessed my house, took my car, froze my accounts and fucked my wife.
    Should I just keep holding to the short position now deeply underwater?

    Thanks, you’re the best

    • Everyone expects us to just keep losing but that’s the right time to start an SMT subscription. That’s when your odds of making a lot of money are highest.

  • Gary, your work is fantastic. I’m harvesting instead of being harvested. Great gold position and waiting for the stock trade. Possibly life changing. As of today I’ve recovered all the losses i made in previous years.

  • I hope you get well soon, Gary. Thanks for all you do. You’re in my prayers…

  • Gary question:
    You’re theory of a “runaway move” in the US stock markets yet you’re in cash?
    You’ve missed 8/9 UP days and mind you the best start since 2003 yet you don’t practice what you preach, why?
    Why time the wiggles?
    AND why short bull markets like crude?
    Lose money and sleep, it’s like watching gold everyday …….

  • Attachment A4C94A79-CE7F-4A32-A17C-87886A7AEA86

    Immense weekly bull flag formation

  • Gary lies:

    “And no matter what people say after the fact none of them actually caught the baby bull until many many percentage points had already gone by. Not Avi, not Alex, not Jordan, etc. None of them made an actual real time call at the bottom.”

  • Truth is:

    “Your timing on buying the dips is uncanny Avi! People should be aware of this if you don’t mind. . . I can attest to your accuracy on actually buying both gold and silver from us as close to the bottom as one could. With gold you called it to the letter and your limit order which was placed well in advance executed perfectly. The silver limit orders were within a tight range of the lows as well.”
    Doug Eberhardt – Seeking Alpha Contributor and a gold seller

  • We made a little money on the gold shorts a couple of months ago. It wasn’t easy but we did make money.

  • Gary DID NOT catch the “baby bull” in gold. His long entry was in October 2015 and he held through a hellish decline before gold bottomed at 1045. The miners dropped almost 25% into the January 2016 low.

    This is on top of the fact that Gary called “the bottom” in gold numerous times throughout the bear market. Every time, he would draw arrows to the moon for the “bubble phase” in gold. Broken clock.

  • Attachment C7E8C0DC-2687-41F0-85C2-3B0B4ACAB7B8

    Bullish consolidation bull flag formation descending triangle truncation phenomenon

  • Bloomberg radio’s Trading Academy infomercial highlighted on mainstream today regarding shorting the stock market ……. unprecedented

    Poor amateurs

  • Gary aren’t we getting emotional about energy? We’re impatient in shorting instead of waiting for a breakout to short and now talking about 50% drawdown and suggesting no stops again for the week ahead? I’m willing to take a 13% loss if there’s any chance price goes to $70 WTI before cycle tops… wouldn’t it be better to manage our losses and cut before it gets too hard to hold? Would rather be late shorting if we think sub-$55 is target which I agree with… I’d rather put capital elsewhere…

  • Limit losses and ride profits, irrespective of all other rules?

  • Gary
    Limit losses and ride profits, irrespective of all other rules?

    • That rule can cause one to ruin their portfolio. This business is full of all kinds of clever sounding catch phrases. In reality many of them are complete nonsense.
      Stops unless placed correctly will force you to time perfect entries. Almost no one does that on a consistent basis. If you can’t time perfect entries and keep getting stopped out you will wreck your portfolio. I would even go so far as to say that most traders stop out of what would be winning trades if they had placed their stops correctly. They end up taking an unnecessary loss because their stop was too tight.
      It’s easier when going long because we know where to place our stop. The correct stop is right below a cycle low.
      On the short side, on the other hand, you have no idea where your stop should be. It could be when a swing gets negated, but that could cause you to stop out over and over and over trying to pick a top. Ultimately decimating your portfolio to the point where you have no chance to make a profit even if you do finally catch the top.
      There’s a reason why I don’t sell short very often. This is one of them. It’s impossible to know where to place ones stops. And the other is that markets go down differently than they go up. This means it’s much harder to make money on the downside.
      If one wants to play the downside you really need to study financial statements so you can find sick companies instead of trying to play the downside based on charts. If that’s going to be your game I certainly wouldn’t risk more than 10% of your capital at it because more than likely you will not make any long term money on the short side. In fact I’d go so far as to say that over the span of your trading career one will probably double their success with one simple rule.
      Don’t sell short.

  • Gary, so please next time better not to put short bets in portfolios as u said profits limited and many risks, think better for all to forget them and even not to have it in mind Appreciate predicate with the example, better for all, no portfolio changes with shorts, just focus on the big wins! thxs

    • We made a little money on the gold shorts a couple of months ago. It wasn’t easy but we did make money.
      I suspect we will make some money on the energy shorts as well. We may even make a lot of money, but it isn’t going to be easy.

  • Thanks Gary, needed that reminder I’m sorry to say.. which is weird as I did pull the trigger to top up in the recent HCL despite the trolls on the blogside. It’s the fear of losing these wonderful (unrealised) gains that I’m now seeing in the metals..

    • Today is just the ECB trying to prevent the euro from rising. They are going to fail.
      But they are going to fight the market all the way up.

  • Gary ,with maximum respect I think you underestimate ECB, BOJ and China together.
    The weak dollar is only good for Trump. All the central banks will fight against it.
    So the drop will not be the same like the rally in 2015. Because everybody agreed to see a strong dollar at that time. The dollar bear is not a question though.

    • Folks, during the early part of an intermediate cycle anxiety is the ruling emotion. Every down day is going to be viewed as a top.
      It’s what makes people sell too soon, or worse try to short during the advancing phase of an intermediate cycle.
      It’s too early for an intermediate top, and it’s probably too early for a daily cycle top as gold hasn’t tested even the Sept. high yet.

  • Dear BlueBear87. We are getting the lesson again today why we need to control anxiety in the early part of an intermediate cycle such as gold, and control greed during the late part of an intermediate cycle, such as stocks.

  • Dear Mr. Savage i know todays downturn requires nothing to identify as a HCL but i have the suspect feeling in this manipulated markets they kick everybody out today and turn the markets back up to the close ant thats it with the SM correction.

    • The search for out performance has cost traders lots of money historically.
      Is there some reason you can’t be satisfied … ?

  • Gary , you did say recently to allow greed to run wild in PM for the next ten days…right!!!

  • Too bad Gary didn’t hold his long positions in the US markets

    Remember your runaway theory Gary? Ah we’re here ……..

    And was calling for the semiconductors to reverse off it’s all time highs?

  • Attachment A11BA884-09B5-4EEB-9012-C105BB34402D

    Here it is today:

  • Historically clueless per the semis:

    http://stockcharts.com/h-sc/ui?s=%24SOX

  • Gary, I am curious why you chose a national chain of treatment clinics and are traveling to BH when they have a clinic in Henderson, NV? I have been board certified in 3 surgical specialties (General Surgery, Plastic Surgery, and Hand/Microvascular Surgery) and will volunteer my knowledge as a resource to you, if you wish. I have done well under your tutelage and would like to return the favor. I am 59 and having knee issues and studying the same issues as you—aging. You have my contact info. Let me know whether you would like to compare notes off line—HIPPA and all………

  • Gary,
    Thoughts and prayers go out for your successful stem cell treatment…
    FFA

  • Gary, I also hope you share your experience, results and cost with the stem cell injections. My arthritis in my low back, hip area and knees is becoming very bad.

  • Gary
    Get well soon and i want to thank you or all you do for us as subscribers, you are the man and as a friend i wish you the best with your stem-cell treatment!!! You have made me a better trader and only you to thank!!!!!!!!!!!!!!
    look forward to the ups and downs as traders do!!!
    Thankyou!!

  • Gary.. you might try sittin g in an INFRA RED sauna… it can help arthritis… its not a new technology but it does help…

  • Gary thanks for keeping us updated.
    Perhaps a reminder can help:
    Important to rest properly to let your body heal. (Often easier said than done.)

  • Gary I’m almost 65, I’ve been lifting (and eating bad) since 1981. In 1996 an infection I picked up in an ER a few months before killed my L3-L4 disk. In 1976 I tore up my right knee skiing, in 1961 I did something to my back. Metabolically I’m hypersensitive to simple carbs (I should be diabetic). And I was raised by a narcissist who outlived my mom and torments me (and my sister) to this day. My knee almost never bothers me, my back never bothers me. Today I had a killer workout at the Y. And my allergies have been diminishing. My main “secrets” are Carbon 60, which I buy in olive oil or avocado oil from either C60PurplePower or Carbon60OliveOil, and Chlorine dioxide, which appears to be easy to make but currently I buy from mms-supplement. (These are all dot coms.) My health is far from perfect, and dealing with the narcissist continues to be extremely difficult, but for almost 65 I’m in far better health than most of my coworkers in their 50s and even some in their 40s. Yes, I do pay attention to “inflammatory” foods. That is, histamine-rich foods. I avoid them. And, except when I panic into eating “comfort” foods after dealing with the narcissist, I eat a paleo diet (I’ve tried vegetarian, but I do better on a meat-heavy diet). And I work out at the Y 4 or 5 days a week, plus I walk several miles a week. I was never a power lifter like you, but at one time I squatted 675 lbs on a Smith rack (although I never benched more than 360), and, yes, I used to have chronic shoulder, knee and back pain. The C60 in oil from the two top suppliers (listed above) isn’t cheap…and on my budget they’re kind of expensive…but they work wonders. And I have to wonder if the chlorine dioxide–which the FDA is trying to shut down, except that it looks like it’s easy to make at home–will one day be viewed as a “wonder non-drug.” There are a few people I value. You are one of them. I hope you will look into these.

  • 1. Research done only on rats: once and a small study at that
    follow-up studies [a few done] have not showed the increase in longevity
    2 The available c-60 in olive oil has been shown to shorten the life-span of mice [very small study]. Possibly cause all those selling on the internet; their olive oil goes rancid.
    If one were to make their own with mtc oil it would be far better but take a lot of time
    3. Most importantly. C-60 stays in your mitochondria for years and years.

    I would avoid-popular now almost mainstream: but the test did show The available c-60 in olive oil has been shown to shorten the life-span of mice [very small study. At least one of his sources was used in that study: but all internet sources tested lacked quality control [even olive oil goes rancid: and none are actually following the protocol used initially]

  • Who knew the SMT had so many folks with back problems.
    Seriously, I’ve had minor back issues due to a leg length discrepancy since birth and being tall and lean.
    I have nothing buy sympathy for those dealing with it. I’ve always told folks that nothing will reprioritize things in your life like back pain.

  • Gary,
    Best wishes for a speedy and healthy recovery.

  • There is life after back pain! As a fighter pilot who was obliged to eject twice my back subsequently seized up twice a year for 2 or 3 weeks at a time. Some 20 years later a practitioner in New Zealand informed me that my back was broken (Sacrum), a break that would not have been picked up on the post ejection x-ray as the sacrum tucks under and a break would not have been visible. He claimed that after manipulation the bone had been re-aligned and would self heal within 6 weeks. True or not, suffice to say that no problem has been experienced in the intervening 20 years.
    I recall some 25 years ago a presentation entitled “Dead Doctors Don’t Lie” in which it was pointed out that western medicine tends to be curative whereas eastern medicine is more preventative: Turmeric is an anti-inflammatory and in common use as such in the East . As is Iodine which is essential for apoptosis – the programmed cell death that kills the majority of cancers that we ALL have – and in which our western diet is deficient. So for inflammation problems a daily teaspoon of turmeric sprinkled in, on or over food. A couple of drops of Iodine daily will improve health generally and help prevent many cancers.
    Some professional medical opinion is invited.

  • First, yoga, then meditation, then Ashrams, now turmeric (curry?), what next? Soon we will all be speaking Hindi and Sanskrit! LOL!

  • Precious metals fleeting to crypto……… you heard it here first

    • BlueBear87
      The market has to complete a parabolic phase.
      You’ll know when it’s time to sell. You won’t be nervous anymore. Pulling the trigger to sell will be the hardest trade you will make all year. And if the market continues to rise after you sell you will be tempted to go back in.
      Clearly you are a long way from that kind of mentality.
      Exactly, when people start actting like stocks are bitcoins then we need to sell and not get caught at the top like the cyrpto crazies did.

  • Want help with arthritis? Google “The Top 20 Benefits of Gelatin”. It is anti-arthritis and anti-inflammatory. If you decide to give it a try keep in mind you didn’t get in the shape you are in overnight and you are not going to see results overnight. It will take a while but it works. I buy mine from Great Lakes Gelatin and I buy the green can as it dissolves easier and also is absorbed into the body faster.

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