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

IMPORTANT: Third parties may submit comments on the Blog. Any third party comments published on the Blog are third party information for which website owners takes no responsibility and disclaims all liability, and the above disclaimer applies to any such third party comments.

Comments 12,043

  • Yes indeed Christian – the fleas here are all scared and mixed up!

  • How many times does Gary say banksters today?

  • Attachment Screenshot_20180713-091136_Chrome

    This little sub learned the hard way with real money, about following Gary’s paper trades.

  • Attachment Screenshot_20180713-082426_Chrome

    Btw folks.. day trader Savage closed his jnug 50 percent position yesterday

  • Attachment Screenshot_20180713-082145_Chrome

    And now our day trading fool is back in 100 percent this morning

  • Attachment Screenshot_20180713-091638_Chrome

    Sure Gary.. the Dow would need to ride to 28k in 2 months..

  • Attachment Screenshot_20180713-091832_Chrome

    Words of wisdom..

    • Gary has said over and over that commissions from multiple trades will eat into your portfolio, and these days all he does is jump in and out of shitty trades.

    • So $13.60 means $20.50 to $27.20 max?
      What happened to JNUG $500?
      What happened to our JNUG $92 back in August 2016?

      Get the fock out of here.

      • Don’t worry! All money will be recovered and a great amount will be made by subs when nasdaq goes to 10k, or even 20k, by the end of 2018 June. Count your blessings that the Master is helping us.

        Right Ted?

        And, it is only a question of time when jnug goes to 2000. Are you going to be emotional and not make such big profits. No wonder you retailers never ever make a penny.

        It is the cup and handle. Madam wtf.

  • another change in metal portfolio, he sold again after one day ?

  • NUGT and JNUG seem to think we hit bottom and are resisting a decline in sympathy with gold. Maybe they are correct. The ETF’s can really move if sentiment reverses. Are they right? I am not sure but I suspect the gold bottom will need a little more work during today to know for sure. I am still looking for 1,234 as the gold price bottom but that is still another two dollars lower than the days low. Still, I came pretty close in the assessment if that was it.

  • Unbelievable, the day trading asshole is out from this mornings trade!

  • Attachment Capture

    Why would anyone worry about 10-20 cents if their real expectation is a huge run?

    BECAUSE THEY DON’T KNOW WHAT THE FUCK THEY ARE DOING

    • yea bitch is crazy

      • The miners have essentially been flat since the middle of February and every rally has been stopped by the 200 day including the most recent move up so there is no reason to believe the miners are going anywhere anytime soon. Of course if you are a novice and dont know anything then Gary probably seems to offer help but they will soon find out he is nothing more than a salesman.

  • Attachment Screenshot_20180713-124005_Chrome

    Gary in and out

  • Attachment Screenshot_20180713-125936_Chrome

    Offering new rates

  • Attachment Screenshot_20180713-125949_Chrome

    Oh here comes the lap dog!!

    • And to think Christian tried to get me to give up my “old ways’ of trading and come over to “their” side. And by the way I did enter the contest – whether I will stay with it for the year remains to be seen.

  • Attachment Screenshot_20180713-130002_Chrome

    Man this sub is delusional as fuck. He does not even realize Gary is holding gex options at 💯 position!!

    • What I want to know is how did you get that little red “100” to print when you left your comment. Sorry I am not that literate with computers. I can’t seem to write in bits of code. Can you tell me how you do that and how people make bold writing on their text?

  • Attachment Screenshot_20180713-130032_Chrome

    This sub knows

    • It is pretty weird what Gary is doing. He has been in and out of trades every day this week and only had one modest gain on TQQQ. The rest were breakevens or losses on gold trades like JNUG and GDX. It’s fucking crazy what he is doing. The guy is totally losing it. All over the place. And the funny part is he does not allow day trades in the contest yet he is the biggest day trader of them all now.

  • I told Gary in an email that until JNUG can break above the 50 day AND 200 day on above average volume then there is no reason to risk money in that area. His obsession with buying the exact bottom clouds his judgement. One DOES NOT have to enter at the exact bottom to make money in these squirrelly markets.

  • Attachment Screenshot_20180713-151718_Chrome

    Tell em kiddo

  • Attachment Screenshot_20180713-151950_Chrome

    Here is gary

  • Attachment Screenshot_20180713-152011_Chrome

    Response to gary

    • Precisely Kelnav. Gary is picking up pennies in front of a steam roller. Gold has been squashing him every trade since the highs two months ago and he still doesn’t get that waiting is the best trade of all. What exactly is his big rush? I bet when the real bottom finally arrives he will be too scared to buy it after being stung so much. I recall him once writing something along the lines of “I don’t know what gold is going to do next. Just do your own trades”…..and I was totally floored. At leaast he admitted then he did not know what was going on but the weird part was it was the bottom of the cycle and he could not see it (just like everyone else he accuses).

    • EL O EL
      Should be banned soon unfortunately, gentle words though.

  • GOLD – kind of amazing day, double divergence buy signal on RSI 9 and closed bang on diagonal support from dec 2015 bull market, close enough for me, a pop up to 1280 for a start

    • Yes, that is a strong line. But looking at it on a weekly chart is not the easiest to read. It has actually broken lower already and although the channel violation is tiny its still an important signal. A bounce here is certainly reasonable and its expected but we have not seen the final lows on gold yet. There is an obvious gap to be filled on the monthly chart near the 1200 dollar level. Its a cluster of 3 strong support lines both above and below 1200 and any one of those could yield the real lows (or alternatively destroy what little confidence remains in gold if they break. Sorry to tell you but this drama with gold has not ended and we should be on the lookout for the bear to continue once the current gold bounce is out off the way. Looks to me like this is going to drag on all summer and into the fall.

  • Sure……you fleas and ticks think its all a big joke posting here…..but Gary has done a great job helping a few of us make some very solid and sizable money.

    How are most you ever going to climb out of the holes you are in by posting anonymous nonsense here?

    Everyone knows this site is Vin, Primetime and Pedestrian posting under a bunch of phony names because they have no real money to invest.

    • Ted, go fuck yourself.

    • Not sure if Ted is a troll or not…but if not.

      Ted a guy made an entire website based off of how bad Gary was in making trades. That’s how bad it is. He went so far as to make an entire website called “Gary Savage Exposed” not to mention Gary’s other name was Toby Connor. He has an alias for a reason. He’s terrible. He’s literally the worst at what he does and uses Chris Ciovacco as leverage to this bull market. Chris is on another level all together.

      • Ted is most certainly a Troll and its probably either Gary or Christian. He was trying to discredit the excellent work of Peg the last few weeks by using Pegs name and making idiotic comments. Ted does gay humour a lot too. My guess is its Christian since the guy was such a creepy freako even on Gary’s site with all his little queer innuendos. Just type the words “rounded bottom” when answering one of his posts and watch for the reaction.

  • Attachment Screenshot_20180714-063606_Chrome

    In your fucking dreama

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    Lol, what a fairy tale gary is trying to sell with his gdx options that are underwater

  • Attachment Screenshot_20180714-063059_Chrome

    Gary’s response to “a bull market correcs all timing mistakes”

    • Attachment Screenshot_20180714-063001_Chrome

      Here is the correct response to his old saying,.

      • Is that for real? Gary actually had the audacity to ask his subs “who wants to wait months for a bull to correct timing mistakes”.
        Jesus Julianna, it’s his fucking expression! He’s the guy who always said “A bull market corrects all timing mistakes”. That is totally insane because he kept the subs holding on during the so-called Baby Bull (his expression) in the certain belief that no matter what happened the bull market would return and everyone would get rich. Instead the JNUG trade went to peanuts and was eventually reverse split meaning they could never recover. Total fuck up.

        • Yep super sad
          I was there
          Still hurts

          • Back then the Duckwhorocks had Gary’s ass pinned to a wall and was throwing razer sharpened darts at it everyday.

            I think it was just Gary’s sad pride that he could not stand to be schooled by actual traders and that caused him to refuse to admit defeat. It was just post after post explaining to the flock of subscribers why they should be bailing out and almost nobody listened. Except maybe Primetime and Vin and a few bright people. The rest went down with the ship in spite of a substantial number of posts from the Duck correcting Garys mad methods.

            Advice ain’t worth squat if nobody listens. That’s why sage old men and educated experts get seated at the children’s table at family functions while the loudmouths and alcoholics in the crowd regale everyone with their brilliance. Naturally everyone is enraptured by noise and get to go home none the wiser about life in general.

            Who the fuck needs old men anyway? Lets all make the same mistakes over and over again like its the very first time!

          • Just for fun everyone here should go back and read those fall of 2016 threads. Total riot.

  • Market sentiment for Monday?

    • Attachment Nikkei Bear Channel

      Well it all depends on what the Nikkei does. The Nikkei is already in a nice established bear channel as noted in the chart above. Price needs to break higher to stop the trend in progress. If it does that however it means gold will be bust again since a rising Nikkei usually results in falling Yen.

      And falling Yen is code for gold is about to start going down.

      So watch the Nikkei in the premarket and if it breaks solidly above 22,700 you can be pretty sure gold is going to be fucked (again)………enjoy!!

  • we are in a war.your guns and bullets are of no use.the most powerful men are being controlled by a force they dont understand.they will do his will in peace and prosperity.it is a war for souls.billions will be lost.the world will fall away to the anti-christ.salvation only through CHRIST.

  • From Gary’s latest blog:

    “We have losing months just like everyone does.”

    Try a losing 2018 year!

  • Anyone have any opinion with regards to the indices? stocks. Not gold? Thanks for that BTW Pegasus.

  • From SMT website July 15, 2018:

    “Bottom on Friday?

    Gold completed an undercut on Friday. Everyone is bearish. As it should be at a major bottom. When everyone is thinking the same thing, no one is thinking.

    On Wednesday’s reversal almost 2 billion in shares of the major mining indexes traded hands and that doesn’t include individual mining stocks. Remember me explaining how the banks manufacture these panics to create liquidity allowing them to enter big positions without moving price against themselves?

    Despite gold making a lower low the mining indexes did not. A divergence.

    I think there’s a strong possibility the bottom occurred on Friday, and if not, it is going to occur sometime this week.”
    ————————————————————————————–

    It’s not often I agree with Gary but this one time he may actually be correct.

    • 4th quarter 2016 he did this exact bottom fishing falling knife indecision tactics that affected subscriber’s portfolios at multiple failures..
      Luckily in time the market did bottom in December.

      • When something sells off on heavy volume that is not bankers or fund managers buying. Gary does not understand accumulation or distribution and he is not correct about the action. Institutions/fund managers/bankers drive the markets and account for 75-80% of the action so when you see something move up big or down big on heavy volume they are the ones causing it. A move like he is talking about last Wednesday was a 2.65% move down on above average volume (GDX) and that is not smart money buying it is smart money exiting their positions. If they were buying they would have overwhelmed the buyers and the price would have gone up.

    • You’re much better listening to Gary here than the other know-nothing butt-licks like vin, primetime, and pedestrian.

  • He was also adamant about 3x leverage funds exhibiting higher than average volume which JNUG has not.

    All are showing continued downward double bottom failure indicators to me.

    To me it’s a big avoid.
    Look elsewhere for bullish omens hint hint.

    • Actually I think I agree with you. His post makes no sense. First he writes “everyone is bearish” and then immediately two sentences later says that 2 billion shares of major mining stock were traded in one day. So it sounds like someone was bullish!!

  • Gold’s next bounce will take us to around 1280 dollars before it reverses. That would be the spot to get the hell back out of metals and get short because the decline that follows will take prices down into the 1220 to 1222 range. We will get the cycle bottom at that point and an opportunity to get long for the climb back to the mid 1300’s which for sake of argument I will call 1350. That’s the program. Anyone expecting this current bottom to be the final low is going to get hurt if they don’t exit around 1280 plus or minus. We will know better as we approach the target. Don’t forget that charting is a combination of price AND time. Depending on how long the next short cycle takes to run will determine exactly where the specific top is located along the channel length. We can’t know this in advance. If gold rises quickly the price top will not be the same as if gold takes two months to get there. It’s because the channel lines run at angles so the price is a little different as each day passes. Anyone whose been around charts any length of time will know what I am talking about.

  • Like JNUG even NUGT looks sick!

    Avoid.

  • The weekly price and volume action in the miner ETF’s was bearish this past week. This type action is not indicative of something about to bust a move. A stock/ETF that tries to rally and close above resistance and cant and then sells off and closes near the lows of the week and in the case of GDX does so in above average volume is not exhibiting strength. I would look for more downside or sideways action. Until GDX/GDXJ can close above the 50/200 day moving averages on good volume there is no need to be risking money in this sector.

  • The real story here is the Yen also broke a multi year trend line. That’s a big deal. Down is the gold day trade, FYI.

    • Gary blaming banksters again this morning for his shit gdx options trade;

      gary says:
      July 16, 2018 at 6:06 am
      I think when the Fed needed to do QE3 they were in the same predicament as 2008. They wanted to flood the system with money to pump up stocks but were afraid it could leak into the commodity sector and destroy the economy like it did in 2008. With oil at $100 it was dangerous to just release a bunch of money again. It could go to the wrong place and create a recession.

      With oil going straight up for over a year now it may be that they are going to attack gold again to try and keep the rest of the commodity markets in check.

      I’m going to be careful here. Gold should be moving higher today and it’s not.

  • Yeah, he can buy thousands of subscriptions to his own service and be bigger than Avi. He will be a millionaire!

  • Attachment Capture

    dumbass see dumbass say……

    • His obsession with getting in at the bottom would be funny if he wasn’t destroying portfolios. One does not have to catch the bottom to make money!

      • I have lost track Blue. Are they in or out of gold trades right now? Its insane how many entries that were made prematurely and then exited at a loss. Maybe they have given up hope. That would be a great indicator this is the bottom. LOL

        • He was in and out of JNUG, but he is balls deep in GDX options;

          “Quest June 22 Open
          Buy 89 contracts December expiration, 22 strike, calls on GDX $1.55”

          • Attachment Screenshot-2018-7-16 JNUG Interactive Chart Direxion Daily Junior Gold Mine Stock - Yahoo Finance(1)

            Might work as long as GDX does not break down from its 18 month wedge pattern. If it does the subs are fucked again because it won’t be a pretty sight the day it happens. We are pretty close to that support line now as seen in the above chart:

            Oh wait!!! It has broken down. Well fuck me. That cannot be good news.

            Sorry boys, its going in the gutter and it happened in front of every ones eyes without anyone even noticing. You might want to all reconsider long positions until the ramifications of this sink in. There are reasons that mining stock is not taking off skyward and this is one of them. The computers no doubt have already pinpointed the break lower. It’s just us humans who are slower to catch on to the change.

            Looks like Gary screwed up again. What a twit.

  • Netflix’s earnings just took a byte out of tqqq after hours (see what I did there?)

    • Peggers pulls another observation right out of his ass. Like a bright red apple. And a apple a day keeps the doctors away.

  • Looks like Radomski is going to be correct…at least for now.

    Holding a small position in UGLD and JDST

    • Radomsky said to go long last week. He really has no clue.

      • NO ONE does only the almighty God does.
        It’s up to you and YOU only to do due diligence on investing.

        Trust on one and that means clueless Gary who thinks he’s a trading genius.

        I can trade circles around him time and time again. Best thing ever happen to me was to let my subscription lapse.

      • He said that? Are you sure? I read him and did not see any such call.

      • rodamanski or whatever his name is – is worse than Gary by a ton. his calls on copper, oil, etc all wrong for years. if you dummies here don’t like gary at least find someone who knows a little bit about markets

  • What I would like to know (curious mind) is if the subs even listen to his calls anymore. They all read this site, no?

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