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 14,925

  • Thanks for mentioning the MA’s Werner. I see the S&P, NASDAQ and Russell have all hit their 50 sma’s already. Just waiting on the DOW and the reversal may finally begin. By Monday perhaps? Not sure about today anymore. Tops need to be formed first.

    • Peg, there has to be a decisive (and IMPULSIVE) drop down to confirm
      a short-scenario. That’s what I’m waiting for. And I’m in THIS case NOT
      talking about a swing-trade but quite a significant retrace.

  • just too funny, I thought you all went long, beyond a comedy show you lot, we’re in an uptrend right,,,,,:))))))))))))))))))))))))))))))

  • Final post:

    Never ever said 3050 by 2018
    Researched earnings that spoke of that projected high 2870ish
    High was 2940

    NOW I have a projected high of 3007 based on Elliot waves and historical support/resistance junctures:

    You shorts will see another 2017 environment

    Long and strong till spring 2022

  • And the mic drops NOW
    Bump poom poom

  • YOU ARE THE PRODUCT. KEEP TRADING AWAY WITH YOUR ONLINE ACCOUNT.

  • I think there’s a big move coming in gold. Probably down.

  • Crude bottomed pre market yesterday BELOW 51.50 inflection point then rebounded decisively higher
    Currently ABOVE 52.50 and rightfully so to take her to 55 where SPX 2775 – 2800?

  • https://m.investing.com/indices/indices-futures

    This is where the masses were eyeing up 2600 as the sure bet top!
    What you are witnessing is the short rallies ……. wall of worry phenomenon.
    The pain is being felt especially when she travels to 2800 that NOBODY saw coming.

  • I think the BULL is on!

  • Sorry Werner, my mistake. There is no trading Monday because its Martin Luther King Day.

  • Are you Peg a lady? Like a hot young guy? Thick. 7″ cut. Manly. Wanna get some top action on that brown little hole?

  • Watch Gary’s latest blog, it has ALOT of merit IMHO

    • If anything Gary is the epiphany of the retail investor, I’m thinking it, you’re thinking it, we’re all thinking it. We’re about to miss out on the “V” bottom. The retailer mentality is hard to break and right now I want to jump in and actually I may just do it because of FOMO. Not much much just some.

      Gary has been wrong countless amounts of times. It’s possible the blind squirrel finds one but I’m going to say he’s saying exactly what everyone wants to hear. A retest is healthy.

  • Kudos Sir Elliott, the stock-indices are crawling higher.

    To the insulting anonymous poster above on me “being short”:

    Maybe you better learn how to read first as I wrote

    there has to be a decisive (and IMPULSIVE) drop down to confirm
    a short-scenario. That’s what I’m waiting for.

    As that scenario DIDN’T show up I DIDN’T go short.

    Quite easy if you think (!!!) about it, eh ?

    Now get a life, sunshine.

    • Yeah yeah, as always a hindsight trader. If the market went down, you would have said, oh look I made 18% and closed my short. Since it went up, you say you didn’t take the trade or closed for a tiny loss. Same clowns, different day honey bunny.

  • Latest post by Gary Savage:

    At this time I’m going to symbolically close the UWT trade. I’ve done what I promised and recovered the stock portfolio.

    It’s just too stressful for me to be everyone’s (underpaid) hedge fund manager anymore.

    ——————-> the arrogance is breathtaking

    • You don’t become a world class weightlifter without a healthy dose of arrogance baked in.

      My God, Gary is beautiful.

    • Symbolically closed? What does that mean? Is he admitting its all just phantom paper trades. Jesus. And now he complains to the subs about doing the job they pay him for. Unreal….totally unreal.

    • The statement is his admission he does not know what he is doing while making excuses for it- ie., it would be easy to do.

  • I’m the best trader in the world – I call exact tops and bottoms – yet selling subscription based newsletter asking myself if I’m so great why am I not a hedge fund? I’m awesome and enjoy being pegged on all fours. I’m the best I can cream on anything. I’m a super hero.

    • Again, he downplays mistakes and talks up good trades so he induces survival bias (a logical fallacy) among this subscribers who very quickly forget about his fuckups and the fact he may not even be trading really money and let go of the blunders he caused. Besides, if someone is new and stumble upon this good trade, they will just get sucked in because they don’t know his track record.

  • Any here follow Bo Polny from I think it’s Gold2020Forecast? Just had a friend point this guy out. Any good?

  • I might be looking to get long volatility later today/Monday.

  • comex cunts added 60,000 contracts in paper gold this week.

    • Didn’t I tell you kidz to but JDST? I even posted a couple helpful charts. Nobody listens. Its kicking ass by the way. Up 9 bucks since I mentioned it. But don’t buy it now because its heading for overbought and aiming dead straight to its bollinger resistance. By Tuesday at a guess it will be time to buy JNUG. We will wait abd see. If anyone asks I will tell you when to buy.

  • Betty Crocker is waiting on that cake. Gary said there would be cake. Let them eat cake!

  • He has nailed the stock market rise, he will be proven correct about no retest, right about oil, right about dollar and right about gold, you guys are just jealous. One could have been a millionaire just following him this last few weeks, truly outstanding, better than most hedge fund managers for sure

  • Attachment IMG_20160602_172849

    A healthy retest of the lows? Yeah this is what everyone is saying. Why it will not happen. The 4 YCL will be confirmed if we break above 2800. Most likely the time for the hunt for the DCL to begin and will have shorts jumping on to only wish they receive a rim job, but in actuality will feel like they are giving a rim job.

    Black swan event, such as impeachment attempt of Trump is the only hope for bears. That will fail and will fuel the reelection of the greatest president in 100 years.

  • I did the anal(s) last night. You know, put dicky in ass(y). It felt good.

    • i spend 20 hours a day looking at my charts man, iss all i got, don’t take that away from me and i didn’t do what you say. I don’t like sex anyway, distracts me from my channels

  • There’s no retest coming. Vectorvest issued a confirmed up call on the market Friday. This will last at least a couple of months.

  • Every publication and technician is expecting 2100-2200 ……. 2374 minimum

    NOT happening, do you know why? Because Mt. Market likes to throw curveballs like it did in early October AND December 24th ……. who would’ve thunk it? NOBODY.

    When crude touches $55 then we subside to 2630ish.

    Will repost my chart daily when I get back to my home PC which my smartphone cannot display it here for some odd reason.

    • Bluebear87, why did you change your name to sir Elliott?

      • Too many names, not enough time or is the other way around?
        As best said by the great Willy Wonka …….

      • 2603 did her best
        2525 was the tell aka Powell’s infamous 12/19 meeting
        2347 is a 10 year trendline since 2009 and HELD aka 200 wma.
        Many haven’t noticed this 10 year trendline until I wrote in to them.
        In fact found it from a YouTube bear of all people and he still is short!

        Masses never learn

      • S&P 500:
        2741 is the 200mda
        2742 is the 40wma

        I have 2775 – 2800 (historical support/resistance) junctures as a temporary target.

        Then 2630ish OR 2640ish region as a retest in time whereas the masses are saying retest of 12/24 lows (2347)or lower as Avi is saying 2100 – 2200.

        But what do I or anyone for that matter professional or not.
        No one is God.

      • Why did Bluebear change his name to Sir Elliot – because he stated 3050 was nailed on by Christmas or has he put it in a couple of months, nailed on man, nailed on

    • I am not expecting a re-test, but a tap-that-ass sort of scenario.

      Get my drift.

  • IF Powell would’ve remained dovish Dec 19th we would’ve most likely penetrated 2775-2800 to the upside by now IMHO therefore it is my theory we are just two steps back in time ala two weeks per se hence now we test this area but most likely pullback because of time decay thus more so strengthening my theory of a back test of 2630ish due to the time constraints and dynamics now involved.

  • https://stockcharts.com/freecharts/gallery.html?Spx

    As the averages foe up so does the 50/200 mda and 40 mwa variables creating junctures of interest.

  • English please Sir Elliot

    • S&P 500:
      2741 is the 200mda
      2742 is the 40wma
      I have 2775 – 2800 (historical support/resistance) junctures as a temporary target.
      Then 2630ish OR 2640ish region as a retest in time whereas the masses are saying retest of 12/24 lows (2347) or lower as Avi is saying 2100 – 2200.
      But what do I or anyone for that matter professional or not.
      No one is God.

      Key is crude’s direction.

      • Sir Elliot. Please Mr, you are giving me a headache with your numbers. Please post a chart and move on. Also, your Mom wants to know why the Sears catalogue is under your mattress.

        • I will move on with all aliases.
          I’ve said way too too much anyway and could be hogwash for all I know.
          NO ONE takes me serious but me and that’s all that counts.

          • I take you seriously. Which financial institution do you work for? The bollocks you speak can only be learnt at a mediocre banking institution bullshitting unsuspecting customers

          • How many times have you threatened to never post again and move on bluebear87? Countless. You are right, no one takes you seriously.

  • So by way of a poll what is the consensus here, that markets are about to soar, to flatline or to fall into the pits of hell. You first Christian m. Then Gary.

    • Move higher to the 200dma on SPX, then start the hunt for DCL at resistance.

      • Good answer. You are bullish then as are a lot of traders. I agree its a possibility since the 50dma has been sqaushed. I don’t know what will happen but I suspect we open green on Tuesday. Just to keep the excitement going. We have not hit resistance levels I expected (yet).

  • The move out of the 4YCL has been very powerful per NYMO, so my spidey senses say we bust through the 200dma and stay overbought on a trade agreement.

  • deal?there is no deal!bombs away!

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