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 11,653

  • The bastard was the same way in 2015 and 2016.

  • This consolidation in gold is dragging out forever it seems. I have been waiting to see a retest of the July lows of 1210 but expecting the lows will come in closer to last July’s 1208.60 dollars support number. A break below support would indicate this bear in metals will have further to run but we are really due for some kind of bounce. Next week is likely. Hitting that July 2017 low is as good as reason as I need to believe the market will respond with buying for a change.

  • gary is clearly dazed and confused.he is going down in flames.bat shit crazy trading like a deer in the headlights cant get out of the way fast enough drowning in his own crap.time to hang it up mary this aint your game no more.mary you couldnt trade baseball cards.when his head explodes we will hear it all over the place.they’re coming to take me away away.they’re coming to take me away away.

    • What are you talking about? ALL our portfolios are up in 2018, average is 725%.

    • Attachment Screenshot-2018-8-8 ++ Gambling Help and Referral ++

      See any similarities here? Our Gary is a very sick man. He is compulsive and unable to exercise control despite mounting casino losses. He bullies, lies and attacks anyone who criticizes him. Personally I think he needs treatment for an addiction. Every time his trades go against him in a big way he goes fishing for new subscribers. The guy is probably broke. Everyone say he is just a paper trader but I will bet he is all-in on a lot of his high stakes games trying to “make it all back” lottery style.

      • Still no trolls

        Still no trolls have entered the challenge. All these nitwits are good at is criticizing others. They don’t have the balls to put their ass on the line with the rest of us. Unfortunately for them they don’t have any ammunition. Since the beginning of the challenge the SMT metal portfolio is up 7% and we’re biding our time as we try to spot the bottom of this correction. The stock portfolio as of today is up 17% and leading the challenge.

        • Biding your time Gary? You are throwing the dice like a drunk sailor on his last night of shore leave and trying to impress the hookers at the table with your brash careless ways. The girls don’t see a brave man though….they see an easy mark.

    • Straight to trash
      Seriously people until you get into the challenge and make real time calls all emails to me just get automatically dumped in the trash folder. You’re just talking to yourself.
      Myself along with 51 other people are playing by the rules. We’re making real time trades. About 90% of those traders are suffering drawdowns right now. Most are heavily underwater including all of last years winners. As of today I’m the only person in the top 5 last year that is in the top 5 so far this year. In fact the SMT stock portfolio is leading the challenge by a comfortable margin and the metal portfolio is in third place. Will this last all the way till next July? Probably not as I don’t trade individual stocks, and the way to beat the averages is by catching a big winner. But as I pointed out before the challenge began, it’s going to be tough to repeat. The odds of last years winners making it back to the winners circle are slim.
      Markets change and they evolve. Few people are able to adapt quickly to changing markets. Most continue to use the same tactics that worked for them in the past, and often those strategies fail in a different market environment.
      Here is an example of what I’m talking about:
      When I saw gold being capped and held below the 200 day moving average I knew the banks had set their sights on this sector. I understood at that point that this wasn’t a buy and hold market. That meant strategies that worked last year probably weren’t going to work this year. So we adapted and changed how we traded the metals. It has been the difference between being underwater like 90% of challengers and being in the top 5.
      So stop blowing hot air troll boys and girls. Put your ass on the line with the rest of us. At that point then you may earn the right to have your emails read and responded to. Until then you go straight to trash. 🙂

  • My spidey senses tell me i will buy JNUG again within the next 24 hours.

  • One interesting thing about today’s gold price is its the .618 fib retracement price if you were using the lows of December 2016 as your starting point. So maybe there is something to this price region and why gold seems to have stalled here. The .618 retrace number is 1218 if you are curious but can obviously vary if you use closing or intraday numbers for your calculation.

    So we are in a bounce zone, no question about that. But negativity still seems to be ruling traders thinking.

  • Attachment Capture

    The retards keep piling in…

    Yes Tommy, the ‘banks’ don’t one anyone else to own mining shares, they just want to trade it all to each other thereby creating a market that does not support itself, eventually collapsing and causing untold losses.

  • Are Spidey senses really worth anything? Well my Spidey senses say that if we get a gold bounce next week that traders will sell into it to recover losses. The level of disgust with gold is widespread so any bounce will be weak and short lived, capped by those who have been waiting for a chance to bail out of this loser trade. That is a kind of capitulation though isn’t it? And its probably what we need to set the stage for another dip lower below 1200 dollars to finally bring an end to these declines. I have a specific target price (but I am not telling this time).

  • The other thing is I don’t like the timing right now for any big sustainable bounce. Mid month isn’t when metals usually take off. Gold seems to prefer end of month reversals, full moons and options expiry for important directional changes so I am putting low odds on a genuine bounce happening during next 10 days. Maybe OPEX is the best next target so set your clocks for that and lets see if we do get a lower-low sub 1200 dollars to entice our entries.

  • So JNUG did finally see a 10 handle hitting a low of 10.93 today. I would like to see it retest that number by Friday and its good for a short term buy in my books but I still don’t think JNUG has seen its final low so if you buy it plan to make an exit and don’t overstay your welcome.

    • When something is selling off week after week after week and closing near the lows of the week it is not the time to be buying. Wait for the capitulation where it makes a new low or lower low but then rallies and closes the week in the upper half of the weekly trading range and does it on above average volume – even then there are no guarantees but the odds are better. Right now you are trying to catch a very sharp falling knife.

  • SP short, DOW short, CAC short, all nailed, did you ladies take notice – plenty of multiple entries 30 mins 9 period momentum crossing below 0, RSI 9 divergence gets you to take profit or hold to end of day with trend – I HATE DAYTRADING

  • that looky like bearish harami to me on djia, could presage a nice little kick in the nuts if 25557.48 breached, target rising 21 MA, be nice if the breach coincided with momentum 9 going below 0 on the 30 mins, we’ll see

  • The stock market is not currently under distribution. No sell off/big correction has ever started without smart money exiting the markets in a big way – and it shows up in the form of distribution. When we start seeing a series of distribution days and they begin piling up then you are getting ripe for the pullback. Right now markets are in fairly good shape – might be a different story a month from now but not today.

  • my head my head i cant take any more.i dont know what to do.fuck it time for a cocktail.jefferson get your black ass over here before i shoot you in the face and make me haldol martini on the rocks.

  • dat man gots to hab sum respec.sho nuff yall comes to my hood this weekend an we teaches you white honkey fool you an yo dam faggit cubbies we eats cubbies here on the wesssssss side.

  • now a note from our sponser.GOD says in HIS word to send these trouble makers to HIM.If your. courts would take a violent offender and publically execute him or her in 24 hours and show it on tv for all to see then these crimes would stop.

    • Ephesians 6:12 King James Version (KJV)
      12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

  • Ted Savage has been barred from posting his sick dick pics.
    Hallelujah chump who can’t trade worth of squat.

  • Gold is definitely setting up for a bounce. Looks to me like we will see a pullback first to 1210 area today and tomorrow. It’s not a really convincing pattern though so I will stick with my assessment that any bounce that materializes beginning Friday and running to next week will be short lived and feeble.

  • Why bother mate with the goldilock mirage?
    Could never understand why people are so infatuated.

    • It’s my specialization. Its a deliberate choice to have a single focus. The problem with chasing every momentum play is you never get really intimate with any trade and stand to make mistakes along the way without ever understanding why. In my case I know gold as well or better than anyone on the planet. Not much gets past me.

      So I don’t distribute my energy to everything that comes along that looks profitable. There is always a trade of course. Not a day goes by you can’t find something to buy or sell. But there is just so much time in a day to research your speculative target. All the edge comes off in the process. An element of intuition exists in the market that doesn’t get a lot of attention and it relates to sentiments and the emotions of other traders. So there is more to trading than pure technical observations.

      Anyway, contrary to current belief there is a lot of money to be made in gold and other precious metals but you need to be willing to take both sides of the trade. Once you get the feel for that it doesn’t really matter if gold rises or falls because you simply invest accordingly. I always used to tell Gary that if he was unable to take short positions in a commodity then how on Earth was he able to confidently take long positions?

      The point being that if you know your market you will be able to target both tops AND bottoms. In other words, both short opportunities and long. Gary said he could not play the short side because he was no good at it and I countered that was an admission he could not play the long side either with confidence since all trading involves both rises and falls in price.

      So when I see a question like your I know I am talking to a person who only knows about making money on trades that rise in price or commodities that are trending up. But keep in mind that’s only half the equation. You absolutely must learn to take positions on both sides of the game or you will never master the art of speculation.

      And the way to do that is to have a single-minded laser focus on a sector that is interesting to you. That’s why I talk gold even when it looks like death to everyone else. Even in a low volatility environment its still loaded with opportunity once you get to know it. Just more of a challenge is all.

      And when the day comes that it really moves…..trust me, you will be ready to make the most of the trade.

  • Well said bravo peg
    👏🍻

  • Attachment Screenshot_20180809-060955_Chrome

    Gary doesn’t seem to know the difference between spot gold and a futures chart. Regardless, expect anothet attempt to catch thr bottom today.

  • Attachment Screenshot_20180809-073524_Chrome

    For the price of Gary’s day trading services, you also receive nutritional advice. Only Gary understands the importance of a proper diet.

    I wonder why Gary does not make the connection that his back problems were caused by the stupidy of Olympic weight lifting vs poor diet?

  • Attachment Screenshot_20180809-075324_Chrome

    My spdiey senses were bang on again.. the bitch from Vegas is back in metals!

  • I really wonder why he does not use strict limits,
    both on buying and on loss (maybe wins, too) ?!

    Gold seems to be locked in a VERY tight corridor
    by now which hints towards a strong move -may
    that be up or down- soon. Take care, all.

    Was tempted to go short the S&P this
    morning but luckily did not enter. If
    that thing moves above 2,872 it will
    pick up even more speed upwards.

    • He doesn’t want to get kicked out of the trade by stop runs. He has a point actually. Especially at tops and bottoms there will be stop-clearing spikes that knock out both shorts and longs by exceeding a 2 or 3% move in either direction. And then price comes right back to where it started but the trade is a lot lighter. Gary always claims its manipulation and the bankers are stealing everyone’s shares on the cheap. Sounds pretty nutty to me when we already know the vast majority of buying and selling is automated. So its not like some wizard of banking is sitting on the button and rubbing his hands together gleefully while saying “I got you Savage and your pretty little subscribers too!”

      • Pegasus, I know about the danger of getting kicked out by sudden
        drops/spikes but I try to anticipate that BEFORE I enter any trade.

        My way is always to ask how much do I want to lose as maximum
        and still have a chance of (higher) profits when the trade goes in
        my (hoped for) direction. As I’m mostly dealing futures my normal
        level of acceptable loss is 25%. Sounds terrible to mom and pop
        on a normal saving accounts, but put in relation to gains of -say-
        150% a day, it doesn’t look so bad.

        Anyhow, anybody has a road to follow but in a situation like it
        is atm for gold, there simply is no pattern for hitting the exact
        entry for maximum profit (except pure luck, of course). Price
        is dangling along with no real direction meaning possible
        losses in BOTH directions for me, so I just stay clear of it
        for the moment. Quite simple but one has to stick to it.

        • Are you mainly trading metals Werner?

          • I’m curious naturally. Never played futures because I always thought it a bit out of my league but that might change. Risk is off the charts though if you screw up. How have you been doing with them?

          • Pegasus, sry to reply that late but time-zones are getting to me. 😉

            Nope, I trade everything that looks like a good opportunity. From
            time to time I even pick single stocks when there’s an obvious
            situation, may it be on the short or long side. I remember that I
            made good money with Lukoil once when RU was the place to
            avoid in the view of the western hemisphere. Boy were they
            wrong, turned out to be a 12-bagger for me and the company
            is still one of my retirement stocks as they are well-managed
            and relatively low-priced (same goes for Gazprom, btw, who
            just now have a really bad time because of the natgas-dispute
            re: EU/US but offer a stable dividend alone of > 5%)

            I lost LOADS of money with the deflating tech-bubble as I was
            heavily invested in biotech-startups (mainly in the health-area,
            like companies dealing with new pharma, t-cells, artificial
            tissue, etc.) and they went bust because of not being able to
            secure funding, overcome FDA-problems and alike.

            Will NEVER invest into sth like that again, even if the
            opportunities were/are immense (like Bitcoin today).
            As an outsider you simply do not have a chance to
            find out in time about problems arising which could
            endanger your position.

            Nowadays I stick mostly with futures on indizes and
            commodities (even rode wheat-train not so long ago)
            as those markets are interesting and lively/liquid.

            But: futures are a VERY dangerous thing, please keep that
            in mind ! You may make money BIG style, but you may also
            lose the same. I learned the painful way that one has to be
            VERY disciplined and accept losses which at first is a bit of a
            frustrating experience you must adapt to. Once your mindset
            is tuned to this situation and you stay cool, it will work out.

            As I do this as a hobby (my business is different), I do
            not depend upon success in this game as much as a
            full time trader does/would. This helps a lot !

            Summing up I can say that my overall returns over the
            last 18 yrs have stabilized at ca. +12% p.a. which is quite
            OK with me. Maybe I could have achieved the same by
            just buying the S&P but that would not have been so
            much exciting (part of life to me like race-driving)…

            Mind you, there were also 100% losses over time, e.g. in
            the WTI-futures which I won’t touch anymore (swings are
            TOO wild intraday with any news flashes knocking out your
            positions in an instant without a chance to adjust your SLs
            in time or during closed markets). Oil is a b!tch.

            ‘nough said, best of luck to every1 here, take care !

  • When Herod addressed the crowd wearing an outfit that glistened in the sun.He gave his speech full of his own pride.He did not give thanks where thanks was due and was promptly consumed inside out by worms.There is a negative and positive part to all HIS plans and HE uses whomsoever HE will to fulfill those plans,yes even clowns like gary and others who defraud and cheat.

  • well now i do feel inspired.think about going to the chapel looking at those beautiful stain glass windows should make me feel as fine as a cold piece of waddymelon.

  • Keep trades at 20% for metals in one’s total portfolio for now.
    100% in JNUG.
    WTF?
    JNUG is a 3x leverage ETF.
    Talk about careless investing.
    The shithead will never learn.

  • I’m sure GARY will soon close that JNUG trade at a loss, blame the banksters and mark it down as a 200% gain in portfolio.

  • Attachment Capture

    LOL!! The ass-kissers are learning the Bullshit Drill.

  • Attachment Screenshot_20180809-130354_Chrome

    We shall see my pretty.. we shall see. Wait, haven’t we heard this BS before?

  • p&f gdx chart looks like it is going to complete a monster h&s pattern.imho

    • You probably meant to say “inverse head and shoulders pattern”. And I agree with you, it looks outstanding. Even better on a log chart where the pattern is unmistakable. Check the 2014 support line I noted. That’s our bottom as far as I can tell and we will get there before the end of this month. Good call Cherry!

  • then grow a pair and bet the farm.

  • Attachment Screenshot-2018-8-9 JNUG Interactive Chart Direxion Daily Junior Gold Mine Stock - Yahoo Finance

    Some confirming channel lines….

  • Attachment 20180809_132318

    Another day another couple of portfolio changes

    • Closed the QQQ long after the end of market session.

    • But what are they Bud? Are they winners, losers or break evens? It’s not very informative. I mean, he does run a trading service so pointing out he makes trades is kind of par for the course. Like calling a fruit picker out for harvesting farm fruit doesn’t really make sense does it?

  • Attachment Screenshot-2018-8-9 JNUG Interactive Chart Direxion Daily Junior Gold Mine Stock - Yahoo Finance(1)

    The HUI showing its 2014 support line. But is that the REAL bottom?
    We will find out soon enough since its damned close to touchdown now.

  • Peg Baby how many alias do you use? You may not be as bad as Gary but you aren’t that much better either. I am surprised that Vin and the gang hasn’t caught on that to that. Weren’t you predicting $10 jnug just a while ago? Vin did catch that one but they didn’t follow up probably because they are after Gary only and don’t give a hoot about u. But to many of us here you are a great disappointment.

    • We did see a 10 handle on JNUG.

      What’s eating at you today? I never believed gold would fall this low. Remember my target was 1260, almost 40 dollars higher than today so even I got left behind and closed out a very profitable short far too early. That’s life man. I never lost a nickel on gold though (unlike our wild-eyed Las Vegas gambling friend.)

      • Are you bud Fox? Is that what’s bugging you? Take a deep breath man. Exhale…….annnnddddd RELAX!

        • That’s not nada or bud fox. Don’t worry about it Pegasus, you are doing great. I was a harsh on you at first because I thought you had an agenda, but I was wrong. Keep up the good work.

  • “Few people are able to adapt quickly to changing markets”

    This my friends is a definition of a day trader.

  • Another manipulative tactic by Morgan Stanley to panic semiconductor holders: https://finance.yahoo.com/m/6de0e4f4-ec55-3381-9381-719061809e13/morgan-stanley-gets-cautious.html

    NVDA has been consolidating all year and about to give their best earnings ever next week.

    Hot Stock: OSTK

    • Looking for a low today of 1208.60 which was the bottom of last July 2017. My thinking is we should see a bounce from that level come Monday. Looking good so far actually. I am pretty pleased with my technicals this week. They don’t always work but when they do they keep me out of trouble.

  • Jesus Peg, you sound like a mini Gary trying to label bottoms the past few months.
    Only God knows

  • Attachment Gold_DE000ST3BJM4

    Erdogan contagion spreading, european banks (once again)
    at the forefront of selecting the most reliable debitors…

    Nice spike in gold futures, Pegasus will be happy.

    Daychart of the KO I’m intending to play here.
    KO = 1,201.5 factor of roughly 100 atm.

    But I’ll wait for more upmove first even if
    the factor drops to a ‘measly’ 90 by then.

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