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 12,797

  • gary says:
    November 13, 2018 at 8:34 am

    Jeez ya miss one trade and it’s lynching time.

    I guess the 400% over the last two years in metals and 200% in stocks wasn’t good enough for that jack off.

    ———————-> in Gary’s imaginary portfolio?

  • Attachment Where's The Bounce in Crude

    My chart….

    T *R* P (The *Real* Pegasus)

  • my humble town didnt get picked for an Amazon site so no land rush here,no for sale signs in my hood,i know short the real estate mkt.okey dokey thats easy now what will happen guts in or guts out!

  • So what’s Gary buying with all this volatile action? Did he give up and quit?

  • WTI at the 61.8 fibo level right now.
    Watch for a bounce !

    • Thanks Werner. I’m ready to roll. Looks like gold will have a delayed bounce but its coming too.

    • Bought a WTI-long with factor 25 @ €2.45 earlier.
      Currently @ 2.70 so let’s see if there’s a bounce.

      • Attachment WTI_long

        (chart of todaytill now)

        • Attachment WTI_long

          SL set to € 2.6 now – smooth sailing from now on.

          • Factor 25? I know what you mean of course but are you controlling the leverage by choice? Im still curious about how you are playing the market. I just checked with my broker and they dont offer futures trading. It has not interested me until recently because I figured it was probably just a faster way to blow up my account when Im catching falling knives!! Ha ha ha! But anyway Im interested to know how you lever at multiples of 25.

  • Sorry for dumb questions Werner. Ive been trading in the slow lane for years but I really should step out and get a little more adventurous.

  • Peg, these are so called ‘knock-outs’. Basically you are risking all of your
    investment when you buy them as they loose their value when reaching
    a certain point (the knock-out). By choosing the knock-out you set your
    risk so to say: the CLOSER the knock-out is to the current asset-value, the
    HIGHER is the risk for you as minimal movements in the basic asset result
    in VIOLENT swings in your paper.

    This is NOT safe investing, I’d call it betting on high leverage !

    If you enter these trades you have to remember that it can turn into a
    black hole for you.

    (One of) The trick(s) is to choose a knock-out that you feel comfy with
    and calculate a level of loss you are willing to accept as this then should
    define the stop-loss you enter with your brokerage.

    Problem with high leveraged papers is of course the high volatility and
    the swings it creates, so your SL might be triggered even though your
    general idea/direction is still valid – so once kicked out you have to
    realize the loss and kiss your hard-earned dough good-night.

    Summary: Be VERY careful with this.

    • Thanks Werner. I need to do a little research. I notice your trades run for periods of minutes up to a couple hours so its obviously intense. Maybe Im too old to start playing around with that kind of paper. The way I trade has a lot of flexibility and time to escape the inevitable errors. So risk is pretty low but natch rewards are also mortal and ordinary.

      • Spot on, Peg. These papers require you to watch carefully and you
        usually do NOT have a fixed timeframe – markets are fast nowadays.

        I do this when sitting in the office and waiting for clients or
        preparing for external meetings or telcos as action is just a
        quick switch of screens away. 😉

  • Attachment WTI_long

    Sold the WTI-long at € 3.2 for 28% net.
    I don’t like the flag building right now.

  • *LOL*, looks like it was OK to exit for the moment.

    But I suppose WTI will just take some breath and
    continue to form a BIGGER bounce.

  • Watch out, turnaround for stocks coming in 3…2…1…

  • Attachment DOW_long

    Chart of DOW-long bought @ € 2.9 this morning.
    Now € 4.3 with my SL waaayyyy back @ € 3.5 now.

    Come on guys & girls, you don’t need a guru to
    follow to do sth like this yourself !

  • That inverse H&S pattern on /ES is starting to get invalidated. Not sure if this rolls over in a failed cycle or if we get some traction and make a run into the end of the year. One thing I know, I am getting the hell out of equities when the Democrats take control of the house in Jan 2019.

  • Werner can’t pick bottoms. He can’t pick bottoms. Na na nana na.

    • Uh hunh……but Gary picks bottoms? Or does he just feed subscribers to the sharks for fun time snacks?

  • Hey Werner, you gotta another bottom for this market. There will be so many. Keep buying.

  • Bottom pickin is eazy peazy.I gotta go for da class so i vote Garys as the numero uno bottom!

  • Bitcoin got wrecked today kiddos. I guess john McAfee will be eating his dick.

    • Bitcoin dropped to a nearly perfect support. Its ready to bounce although I would not stake much on it getting above 12,000 dollars or staying up there for very long. But if you just need one more dose of BTC here’s your chance coming up to get involved in a last gasp dead cat bounce.

  • 20,000 not out of the question. Cake when!?!?! F Gary.

  • haha bitcoin bitcheees – every pumper and dumper got it wrong again.

  • nice!real estate short up 4% first hr of trade.come get some kids.

  • Nice Cherry Picker! Nothing like Cherry Picking.

  • Hey blueballs87, how that’s nada trade going?! Lol

  • Where’s the Nvidia guy?

    • Pro Trader that’s it

    • LOL My bet is we won’t see giant fucking charts for a LONG time.

      • He would post those huge charts on Gary’s site as well.. everyone complained, yet his rude ass continued day after day. Mind you, his charts never had any TA defined, it was the same crap he post here.. a standard chart that pulls up on stockcharts.com

        Hey blueballs87, tell everyone about your stock awards…

  • Satan has fooled the world into believing he is something he isn’t.When he arrives people will flock to him like he is a rock star.He will come disguised as an angel of light.

  • Buy the dip dipshits – much hilarity to be had xxx Must be good value now, Shirley lol mwah

  • NVDA $97.24 December 2016 ……. nuff said dipshits

    • You bought it cheap enough but gave most of it back. Bet you still haven’t sold any since you bought more on the dips (plunges).

    • You are a bigger fool than I thought bluebear. You didn’t sell when you had a chance and lost ALL those gains – assuming anyone believes you.

      • That 97.24 might have been your first purchase but if I’m not mistaken you have been buying all the way up too and advising others to do the same with your big oversize “buy the dip, ladies” charts and smart ass talk. What’s this bullshit now about 97.24 from Dec 2016?

        You trying to say now you never did anything but hold for the last two years? Sounds like the bullshit Gary dishes out.

  • Oh yeah, just saw that.

    Jesus Murphy, NVDA really took a sack of nails in the face today. Looks like it still wants to drop lower to 150 although these things are almost unchartable during a price crash. It can’t be good when you need to go out to a monthly chart to gain real perspective on the damage. What 150 is in this case is 50% retrace since the stock opened at 10 dollars but if that fails then look a lot lower to 117

  • New blog entry:
    https://blog.smartmoneytrackerpremium.com/2018/11/update-gold-dollar.html

    I am thinking of running a subscription special for SMT exposed folks. If you have posted here and are sorry, then I will offer a monthly subscription for $99.99 a month.

  • MY dollar cost average is GREEN baby.
    NVDA is definitely a buy.
    Listen to the earnings all about crypto mismanagement?
    Here’s an investment report from today:
    Nvidia (NVDA) fell by 19% after reporting a revenue miss in the third quarter and weak guidance for the fourth quarter. Nvidia’s graphic processing units (GPUs) are used to mine cryptoassets, particularly those based on the Ethereum blockchain. After cryptocurrency prices crashed in 2018, many GPUs were left unsold in the channel, resulting in weak sales and excess inventory. Nvidia noted that this is a short-term issue and expects its channel inventory to return to normal levels next year.

    ARK’s model for Nvidia never has included meaningful crypto mining revenue and, rather, is based on growth in artificial intelligence (AI) and autonomous driving. We believe Nvidia is executing well on both fronts. The company continues to expand its total addressable market (TAM), with recent product introductions that cover machine learning inference, Hadoop analytics, ray tracing, and level 2 autonomous driving.

    FTR I own 12 more companies and 2 ETF’s dipshits.

  • Attachment Screenshot_2018-11-17 NVDA Stock Price and Chart — TradingView

    HUGE NVIDIA CHART

  • Gary’s weekend report that was posted 12 hours ago has a whopping 109 views.

    Looks like his sub base is dying on the vine or going bankrupt.

    • You know why Bud? After months of reading all his fucking stupid comments and watching in horror as he literally destroyed his Subs portfolios right in front of our eyes….I cant stomach to listen to one single word coming from that retards mouth. Im not alone obviously. So who is watching the Vids? Its people like yourself who keep monitoring him plus a handful of critics and Ex-subscribers. But I am pretty sure Garys base of active subs has dwindled down to just a few dozen believers. He’s finished. God bless the hard working people who post about his abysmal track record here and help others avoid an ugly fate investing the SMT way.

    • And that’s why ex porn club owners with a grade 12 education are not mean to be titans of financial investment strategy.

  • Hey Blue, I had a dream about NVIDIA during the night. I am not joking btw. Just shows how these sites and the conversations seep into out unconscious sleeping minds. But anyway, it was a dream of regrets. In it I was seriously angered that I had not bought NVIDIA calls I saw that were absolutely dirt cheap. And then Monday morning (tomorrow) the company stock value absolutely soared leaving everyone who doubted (including me) in the dust. It was a really shitty dream if you have to know.

    True story. Just woke up and now I’m wondering about it aloud because I’m a believer in dreams foretelling the future.

    • 👍

      NVDA will either get bought out OR be the next $1000 stock in time IMHO ……. in the forefront of the 4th industrial revolution which is unstoppable and inevitable IMHO

      Market conditions on any other time NVDA would’ve been down 5 – 7% MAX

      • NVDA has ZERO reasons to be a $1,000 stock. Great video cards, I use one, but come on, no fucking reason to be a grand, even with bitcoin at $20,000 it was a quarter of that.

  • For the record I would not touch that stock with a 10 foot pole until it hits bottom near 150

  • FRESH research report:
    While the financial community fixated on excess inventory of graphic processing units (GPUs) after Nvidia reported weak third quarter sales, we believe that its announcement of RAPIDS—a GPU framework for machine learning—was far more interesting and will be much more impactful long term.

    Nvidia pioneered the concept of using GPUs to accelerate deep learning applications, now a $3+ billion business. Deep learning, however, makes up only a fraction of the machine learning market, which includes dozens of different algorithms and software frameworks. While leading edge internet firms use deep learning and neural networks, for example, most large enterprises use some variant of Hadoop for data analytics.

    Nvidia’s RAPIDS framework brings the power of GPU acceleration to common machine learning and data analytics frameworks today. Unlike its foray into deep learning, where it created the market from scratch, Nvidia launched RAPIDS which taps into the large and growing market for analytics. With Moore’s Law grinding to a halt, we believe Nvidia’s move could not be more timely.

    • Buy stocks based upon Fundamentals and sell based upon Technicals. Right now the technicals on NVDA are screaming sell and have been since the stock made a new high in early October and reversed and closed the week near the lows.

      • Agree with that Blue. It’s worth noting that NVIDIA had some strong volume at the end of day Friday so in spite of markets opening slightly red this morning its still possible that last weeks severe drop will be retorted with an equally severe bounce back. It’s like how gold often behaves on Fed meeting days with a wild momentary swing and then a return to equilibrium can the very next day. On the NVIDIA chart there is a gap that was created and I can easily imagine it gets filled this week. Still won’t buy till it bottoms though but in the interim there is violence on that chart.

  • My fantasy is gold runs up for another 30 bucks or more before taking a rest. It’s a gold bugs wet dream naturally but not such a crazy one. The channel line is supportive of a move higher this week. If the stars align we should get there. Of course I have an off the wall reason to believe and its based on an article written by Tom McLellan last year.

    In that article he noted the strong relationship between full moons and gold turning dates. So if gold is already on the rise it won’t likely back off until next full moon which arrives on November 23rd. Conveniently that’s also a Friday so it kind of even makes sense on a calendar basis.

    I would link his chart but lately everyone is getting pretty sensitive about copyright issues so you will have to look it up yourself. Needless to say he made a great case. So my call on gold is it goes up until Friday and then gets its ass kicked again next week.

    You didn’t think a bull market was starting did you? …..of course not. LOL!

  • The astrologists in the room can all chime in now. I KNOW there are lots of you out there.

  • Actually crude oil is another one that can turn by the moons. WTI was having a little bounce last week and I am going to bet it keeps going higher this week for one simple reason. That reason is that I DO NOT believe crude has hit bottom yet and what that means for the chart is that price should make a reasonable bounce before resuming its downward decline. When I say “reasonable” what I am talking about is a bounce that breaks the pattern created when oil dropped straight down for 30 days in an almost perfectly straight line without a single bounce along the way. So oil has got to give us a move to get people thinking its at a bottom when in fact its no bottom at all. I already mentioned this but when have you EVER seen price drop straight down without at least one bounce during the fall?…..that’s what I’m talking about. It means that oil has more downside and especially by Elliot Wave methodology using A-B-C declines.

    Anyone disagree? (besides Gary I mean)

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