So propably you’re subscriber of, 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 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..

– 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:

Also check this blog, MUST READ: especially:

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


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Comments 11,653

  • Gold’s current uptick only because of today’s EUR/USD.

    Watch for 1,214: If it’s taken, we’ll quickly see 1,23x and
    then go down again to dive below 1,200 onwards to the
    1,060 region, maybe even further.

    Personally I’m expecting a turn lower any minute now.

    • Well no shit, what else is gold going to react, all these international conflicts and no one cares about it being a ‘flight to safety’ anymore.

    • no way Werner.there is a big sponge out there mopping up all the gold and silver they can get. india buying season is upon us.Russia and China are buying every day.the propaganda suggests gold and silver are toast.but maybe you will be right and we should all buy something everybody needs like beer and toilet demand shortages there.

  • Never ceases to amaze me
    Gary wrong on gold again

  • Will somebody please come and get this giant alligator out of my yard!

  • gdx/gdxj/jnug/nugt – longs given to you ladies and sp short and DXY short- did you take them ladies – 6 out of 6 – not bad……………one day i’ll be as good as Gary

  • Daily bbands are really tight on the GC chart. Good calls so far OB.

    • occasionally you get lucky, except Gary obviously. Major support levels in lumber, coffee and corn around here suggestive that 94.38 on DXY might be breaking down, who knows

      As the great philosopher once said -“If you want to give God a good laugh, tell him your future plans” – Woody Allen

  • pic is up over 10% today at close!

  • Now Gary is bullish on Gold and the Miners again. Yikes!

  • Gary is now a huge believer in manipulation. But, the only thing that is being manipulated is Gary’s brain. His analysis is all centered around his “guessing” about manipulation. He talks and talks and talks, and only crap comes out. There is zero analysis that he provides. He just guesses about manipulation. And, the fact he so believes in manipulation makes him worse than retail traders.

    • That’s the entire basis of his ‘service’:

      – He gets a call right, he’s the best
      – He gets a call wrong (often), it’s the banksters

      • Yea . . and when he thinks he is right, then he thinks only he caught that move.

        What is amazing is he keeps claiming he is the only one who caught the bottom in metals in 2015. But, how many times did he call for a low before it actually hit? Maybe 15?

        Avi wrote something about this lately, and it reminds me of Gary, and makes me chuckle. He wrote this about analysts picking tops, but it also applies to the way Gary picks bottoms . . 100 times before it actually hits.

        This reminds me of when my children were 3 years old, and we were stopped at a traffic light. They look at the traffic light, and say “now,” as they try to time the light changing back to green. And, if it does not change, they again say “now.” And, this goes on for maybe another 10 to 15 times, depending on how long the light takes to change. Yet, when the light finally changes at one of their “now’s,” they proudly assume that they caught that timing ever so perfectly.
        This sure sounds like most of the pundits we read and listen to, does it not? So, yes, when I read these pundits providing us reason after reason as to why the market will top, I view it as akin to my 3-year-old child saying “now.” Eventually, the market will turn just like the traffic light will eventually turn and they will react just as proudly as my 3-year-old, assuming they caught that timing ever so perfectly. But, clearly there is no prescience to their abilities to identify the cause of that turn, just like my 3-year-old.
        You see, just like my 3-year-old does not comprehend that there is something internal to the traffic light that causes the light to change, the pundits do not comprehend that there is something internal to the stock market that will eventually make it turn down. This is clearly evidenced by the fact that none of the exogenous events to which they have been pointing for years have been able to cause the turn to the stock market every time they say “now.” My 3-year-old and the market pundit simply do not comprehend the true driver of that which they are attempting to time.

  • Attachment Capture

    Who is this Rick that Gary’s facebooking?

  • How bad Gary is ……. since he is going long gold after his rant about being cautious gold a good trader is now entering DUST!

    Gary a contrarian indicator as always

  • Gold down $4 overnight
    Way to go Gary
    You can’t make this shit up

    • Still looks like it wants to test 1190 before a real bounce kicks in. We’ll see. Gold is at 1200 as I write and falling. Kind of funny since gold has been hanging around that 1200 zone for the past 6 years. It’s like the fucking Twilight Zone how it never breaks out and never breaks down.

  • On second thought it looks worse. The daily chart of gold has been slowly building out a continuation triangle pattern during August and September. Might be time to bail out of trades again if this sucker plans on taking a header to another lower-low. Sheeee-ite. Does it never end?

  • It ends when big players decide to enter the market and use it
    as an instrument for profit just like very other financial asset.
    They do not care if it is gold, silver, platinum, beer or toilet paper
    (see comment above, HI THERE !) as long as it is a) tradeable and
    b) produces profits.
    Forget the narrative about gold or PMs in general being a valid
    security measure for “the crash”. Ain’t gonna happen. And IF it
    will happen, there will certainly be many other problems than
    being able to pay for sth with sth else. Think violence and force,
    which have ALWAYS been the REAL backbone of currencies and
    payment-systems. People just don’t notice it anymore.

    • LOL….yeah I would agree with that Werner. Doesn’t sound like you btw. Might be an imposter pretending to be you again. Hows the trading coming?

      • No Peg, it really IS me – just my philosophical dual personality
        taking over. Now, where are those pills in the drawer…

        No trades today, gotta concentrate on my business once
        in a while. Over and out for today, take care !

  • EUR/USD has stayed above the EMA(50) and MACD(12,26,9) starts to
    climb with growing distance. This gets interesting as gold follows but I
    don’t like the MOM(14) in EUR which is flatlining. RSI still rising though.
    My gut tells me to stay on the sideline but be ready to enter long gold.

    • Before you enter make sure you wear protection.

      • That is what I used to think before I got attached to Gary. Now I know wearing protection doesn’t help. Again whether it is LONG and short or whether it is gold or something else it matters not. Once entering occurs everything else becomes secondary. For more experience and fun join the subs.

  • help me it keeps going down and it wont go up.

  • I think we can squeeze out a metals bounce between now and next weeks Fed meet.If we do i will be a willing seller.Here i sit in front of the exit door ready to pull the trigger.

    • It makes sense. You want to squeeze while it bounces between now ….! But, what is not clear to me why do you sit in front of ….? Stand up and act, it is time you take a quick action. Fast in and out, and then in and out and ….. can be profitable. There is some risk but give it a try. You never know you may like it.

  • Once again Gary isn’t in the US stock market.
    Boy was he wrong AGAIN.

    • Gary trades two things: Metals with 3x bullshit ETFs and markets with 3x bullshit ETFs.

      He just wants to hit home-runs but keeps bunting out.

      • He’s a dreamer
        He’s a car salesman
        He’s a snake oil salesman
        He is not a market timer
        He is not a good trader
        He is not an investor
        He’s a gambler

  • Unless gold gets moving fast it will be posting its sixth consecutive negative monthly close….something it has not done since way back in 1996. There is still another 8 trading days to go. Odds are actually favoring a green September as even 5 red closes in a row are rather rare. And we already have 5 red months recorded. The gambler in you should be saying it might pay better to wait this out until month end if you are underwater since you could get a better exit by holding than selling now…….but then that’s just gambler talk!

  • Attachment Gold has bounced off strong support and is holding.

    This is an interesting chart because it shows gold has held above two support lines that have converged perfectly at golds August low. In other words there is dual confirmation that the bottom was already struck in mid August and we have been slowly working our way higher since then. Negativity is so fierce in the market though that nobody quite believes it yet and that doubt has been holding price down.

    Any opinions on this view? Anyone agree?

    • Peg, you are the smart one. But, I see no cup and handle here. I guess you don’t under stand basic technical analysis. Come join us.

      For gold to go up in a sustained fashion it has to drop below 1150, probably some where between 1140 and 1120. That will take jnug down to around $5 – it will be a lifetime opportunity. You know My Master has predicted that jnug will go $2000.

  • Attachment Gold_6months_19_09_2018

    Just picked up this chart ((c) B. Galuschka).
    If we get above 1,214 it’s a bullish confirmation
    to 1,23x – otherwise watch out below for 1,160.

  • Attachment Gold_6months

    One more for the road: I just noticed this duplicity
    of patterns in the 6-months-chart (marked by my
    two ellipses). We might see another leg down like
    the left ellipse, so be careful.

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