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 12,044

  • Some serious buying volume in gold today. Looks like some
    people need a hedge against currency problems ?! Wonder
    how far this bounce will take the price before it breaks
    down again (1,230ish ?). Not buying yet, sorry.

    Enjoy the weekend, folks.

  • yes peg cherry knew it was an inverse pattern.we are all (25 of us) in here with cherry.only two of us big pussy and otis are on the fence snapporatz sez fade the bitch.the rest of us are die harder gold bugs.keep up your efforts and dont let the turkeys get you down.

  • It is written throughout HIS word that you will hear them crying peace,peace,peace and there will be no peace.Listen to them the cries are louder and louder and as written we never have peace.We live in perilous times and seeing troubles like the world has never seen or will ever see again.

  • Another day, another decay in the cupcakes GDX options.

    GDX DEC 22 strike bought at 1.55 and currently with an ask of .62.

  • Attachment 20180810_121000

    It takes real spidey senses to hold thru this bloodbath.

  • “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”

    Did you ladies miss the short on the Dow that was laid on a plate for you? that’s the trouble with feminists, never take advice from men even when it makes them money. SHORT NAILED AGAIN

  • i think old goatee might be copying this rhino beetle

  • my final thought from the Bible.Don’t caste your pearls before swine.Goodbye from watchman and endtime.

  • just got done throwing up after seeing that hideous jew cocksucker.one of many who have infected this country with the liberal virus that permeates and infests our culture and brainwashed women into wanting nothing to do with men and men wanting nothing to do with women.you couldnt make this shit up.big dick niggers are pumping cum into white jew pussy and there is nothing you can do about it white bread.

  • 600 xtra gestapo on the streets this weekend.lets see if they can penetrate the wall surrounding their hood and bring it .small squads already roaming north side and doing armed (6or7) .robberies then fleeing.smaller groups doing it all week.always armed now.if your going out on the streets after midnite you better have a gun on your person.just remember the rule if you see a nigger think gun.nigger gun nigger gun.shoot first dont hang around.gestapo putting too much manpower in obvious places .should be quieter in hot zones my guess is 20-30 shootings 4 dead.

  • our last top cop was from jersey.running for mayor against that fucking mutt we have now who has already built a warchest of 25million from private interest groups.what a liberal pos.conserative christian will soon be outlawed here if this shit continues.

  • one long shot candidate for mayor Willie Wilson who likes to hand out 300k from his pocket to needy blacks has the man looking up his ass to see if he is doing anything funny.Willie is pissed looked right into the camera and said “i am tired of the white man telling me what to do.”

  • Again remember the topic at hand for this website or you will be removed and suspended indefinitely like Ted et al.

  • Also, no more blaming Vin, Nada, or Primetime for your problems.

  • There will be zero patronizing me or I will abolish this site for good, you’ve been warned.

  • Attachment Capture

    First they all started repeating ‘Bankster’ chants, now it’s the ‘Spidey Sense’ shit.

  • Savage flip flopping amateur goofball:
    Nasdaq correcting, Nasdaq breakout, Nasdaq correction.

    Just beautiful

  • Let’s face it gold back a couple years back would escalate in price during global uncertainty like today but it basically flatlined.
    This is important to note that gold demand is dead.

  • Attachment GOLD KIPPENDALEZ

    quicksand land
    August 7, 2018 at 6:29 pm
    I am shocked that there are still many who think these pm markets are going to magically shoot higher because of some fucking stupid lines on a piece of paper

    Lol Lol …..

  • ok kipster lets go there.gold and silver are going to go according to your work.i am buyin it.now my experience has been in individual issues focusing on producers priced under 10 bucks.right now i am underweight miners overweight biotech .because of geopolitics,trade wars etc. my focus for years has been only on north american issues.thats a pretty narrow field for quality miners that are bringing home the bacon.i am not a stacker like who is going to buy your shit when you need cash and give you a really fair price.options never touched em.futures no thanks.etfs 3x pass.penny specs been there done that.there are a dozen other combos so what say you.i have painted myself into a corner and need something other than stocks that are just as liquid to trade. any suggestions will not be met with disdain but will be considered.thanks.webmaster apologia pro vita sua.i will keep on subject.all aliases flushed except this one.

  • I’m an idiot …
    The Nasdaq composite is getting closer and closer to the big 8000.
    We’re going to see 10,000 by the middle of next year.
    If we get an intermediate degree correction in October it’s going to be the last great buying opportunity to get on board for the run to 10,000.
    All year long the fleas have been telling me I’m an idiot to be bullish on stocks. The market was going to crash, etc. etc.
    I think they got it wrong, it wasn’t me that was the idiot. We’re in a long term bull market. Based on the last two we should still have 10-15 years yet to run.

  • I know for a fact he’s getting this information from another source which I will not name.

    Again Savage is a wannabe financial market timer wannabe.
    Clearly he’s all over the map and inconsistent.

  • Not Avi
    Someone say better

    • I have yet to come across anyone better than Avi. So, I would assume Savage is getting his info from him, especially if he is getting it right.

      • Avi is wishy washy not committed 100%, more like if A doesn’t take place then B will. I mean what kind of forecasting is that?
        Savage is convinced that his prophecy will happen, now if he was correct more times than not then I’m all ears but the idiot hits 2/9ish so he’s just noise to me.
        There are a couple out there that will give it a 100% stab at one direction and when they’re more times than right then they have my respect.
        I won’t divulge these gurus because the masses aren’t glued to them.
        The other paid market times just outright stuck and shouldn’t be charging anyone anything for their horrible predictions.

        • You clearly do not understand Avi then. He gives very specific targets, and also gives invalidation points. To the uneducated, it sounds wishy washy. To those who understand the market, he is the best I have ever seen.

  • Savage’s latest blog has him trying to validate his Nasdaq topping theory.

    While many were selling into Friday’s selling, I was buying.

    Savage will reenter TQQQ come next week.

    • My Massah he done say dat Nadsac was be hittin’ 10000 corn-cake this summah oh yes sah!! I’s be waitin’ fo’ mah train to be pull up at dat station oh yes sah miss Daiseh!!

  • Attachment September22017

    Gary’s small penis has been endowed in magical charts that never correspond to reality.

  • Attachment gold-43

    Seriously Gary, shit can stay oversold longer than you can stay solvent. Gold was above 1300 dollars when the RSI-5 first registered its oversold reading. More than a hundred dollars later and two months have gone by and now you think its safe to get back in the water.

    My Spidey senses say Gary will bail out of these gold trades by next week.

  • Attachment tight bollingers warn of decline

    Daily chart Bollinger bandwidth is back down to near record lows.

    The last time this happened (middle of June) gold FELL more than 30 dollars when the bands opened up. I think we should not expect more than a feeble gold bounce next week followed by another decline under 1200 bucks possibly to the 1180 region. The misery of the gold bugs has no end in sight although other charts sure make you think we are on the verge of an explosive move higher in precious metals, but I suspect the pain is not ended quite yet.

    • Really?
      Who really cares about gold?
      Put down the koolaid jug man, this isn’t their place and time man.

    • The bounce beginning on Monday will really matter to where gold is going next. If it starts strong out of the blocks and then drops back we will see a retest of the current price lows rather than gold falling to prices below 1200 dollars. If the bounce is quite weak though before reversing back down its more probable it keeps falling. All depends on what the market does with their buying next week. Its pretty negative right now on the sentiment front but as we know that can change very fast if gold really moves.

  • Strike Three Nada — Head back to the dugout

  • Every week the market provides us another example of the intellectual dishonesty in believing the substance of any news event was the “cause” of a market move. And, if you cannot yet see that on your own, I will explain it a bit further below.

    While everyone has been so concerned about the evil trade wars that were supposedly going to topple the US markets, we have been rallying in the face of this latest evil. In doing so, the market provided us with yet another reason it was supposed to have tanked, but, instead, continued to rally. We can add this to Brexit, Grexit, terrorist attacks, rising interest rates, North Korea, Trump, cessation of quantitative easing, and the myriad of other reasons the market was supposed to crash and burn over the last 3 years as we have rallied strongly.

    But, let’s just ignore all of that, and do what all the other investors and pundits do. Let’s just ignore all these instances of failed attempts to glean market direction based upon the geopolitics or fundamentals, and move onto the next news item which will “certainly” cause the market to decline precipitously. Yes, my friends, it is time to talk about how the events in Turkey are certainly going to cause our next crash. Sigh.

    I am simply amazed when I read analysis that claims, with absolute certainty, that Turkey caused the 20-point pullback we experienced in the S&P500 on Friday. In fact, I just read an article by another author who spent several paragraphs patting himself on the back after being bearish the US markets for the last 3 years (Gary Savage). Who needs fiction when reality is this surreal.

    So, allow me to put this as simply as possible so everyone can understand how foolish this situation is.

    First, you need to learn that correlation is not the same as causation. Just because there was a negative Turkish event on Friday which coincided with a 20-point drop in the SPX does not mean it was the cause of the drop in SPX. In fact, I prepared the members of my service – The Market Pinball Wizard – for this pullback, and I clearly did not know what the news was going to be. Nor did it really matter to me.

    Second, not only do you need to understand correlation is not akin to causation, has anyone ever considered looking at what happened the last time we had a serious negative event in Turkey? Do you know what the S&P500 did at that time?

    Well, the last time we experienced a negative Turkish event was back in July 2016 when there was an attempted overthrow of the Turkish government. Arguably, that was a significantly more serious geopolitical event than what was experienced on Friday. Yet, the S&P500 rallied over 20 points upon news of that event in 2016. Yup, you heard me right. The S&P500 rallied over 20 points on that news. So, should we have said that negative Turkish geopolitical news was good for US markets then?

    Gaary Savage If you are being intellectually honest with yourself then you must come to the conclusion that trying to glean market movements from these types of geopolitical events is nothing better than a coin toss. And, if you have not learned that lesson from the last three years already, then you are clearly not paying attention.

    Third, the S&P500 dropped 20 points on Friday. I mean, really? We are barely over 1% off the all-time highs in the S&P500 and these authors are writing obituaries for the US markets. You would think we are in the middle of a 30% correction already the way many of them are going on and on.

    So, allow me to give you my general guideposts for the coming weeks in the SPX. First, main support resides between 2730-2750SPX. As long as we hold over that support, this market is heading to 2935-2965SPX in the coming month or two. Ultimately, I still see nothing that would make me reconsider my expectation that this market is heading over 3000 before a major correction begins.

    Second, I still think this market is heading to at least the 3011 region before we begin the 20-30% correction I expect for 2019. If we were to see a meaningful break below 2730SPX, I may have to reconsider if we have begun that correction sooner rather than later.

    Since I recognize that markets are non-linear in nature, I have provided you the guideposts I use (along with my targets), as generated by my non-linear analysis methodology. If you need further details, you can always join my service. And, if you want certainty, I suggest you take all your money out of the market, as it does not exist. Rather, you need to approach the market from a perspective of probabilities, while knowing what information matters and what does not. And, geopolitical events have clearly been information that does NOT matter if your goal is to understand the direction of our financial markets.

    Housekeeping Matter

    Please note that articles are now only being sent out to those that have chosen to “Follow” me. So, if you would like notification as to when my articles are published, please hit the button at the top to “Follow” me. Thank you.

    The Market Pinball Wizard

    The Market Pinball Wizard attempts to identify turning points and targets in the market with high levels of probability. Our goal is to teach you to fish so you can become a better trader and investor, and ultimately, learn to master the markets on your own.

    A subscription includes video tutorials and articles about risk management, Elliott Wave analysis, and Fibonacci Pinball, as well as regular updates on the S&P 500, metals and GDX, USO, and the DXY.

    As the metals market develops its bottoming, and the equities market sets up for its run to 3000+, come join us at The Market Pinball Wizard for a free trial while we track these markets to their long-term targets.

    ” . . . this service is “priceless!”

    “My first day on this new service and you already made me a years worth of dues”

    “Avi Gilbert really knows Elliott Wave Analysis and has the insight and ability to keep me fully apprised of the various possible interpretations of the wave forms. He produces such a superior endeavor that I recently let my subscription to EW International lapse. This service far surpasses any others I’ve come across.”

    “Unfortunately I don’t have the time to attempt to become a master at labeling charts using the methods of EW. However, I feel like Avi has done an excellent job helping me to understand the general theory behind why it works. It has truly changed my outlook not only on markets, but on the reality of what drives many of the things that happen in the world. It’s also helped me have an entirely different approach to my career . . .”

    • Look Avi is great and all…but he does technical analysis to EVERY SINGLE POSSIBILITY. So of course he can just say “I told ya so” every single time. He literally draws trend lines for every possible outcome.

      • You guys really do not understand EW if that is what you think about Avi. I suggest you learn a bit more before throwing his work out the window.

  • i dont buy it avi.we have countries all over the world using their own currencies instead of our dollars.like china buying massive amounts of gold with their controlled yuan.and we are still trying to have the world go on with our dollar is great sham.i am confused avi if this isnt a geopolitical shell game with all markets tightly controlled by (insert one of a hundred names.) and the g word isnt important i am sorry but why dont you take your a wave and shove it up your b wave.now get the fuck out of our sand box and go sell your bullshit somewhere else.

  • Attachment Capture

    Another kitten opens its eyes.

    • Unreal, its just mayhem and confusion over at the SMT site. That’s one of the most damning verdicts I think I have ever read. Short and to the point. Like a tombstone or something. And the message is as clear as a bell despite the foreign English.

  • Again folks Avi is not God or anyone else for that matter.
    Do your own due diligence and be a prudent investor and not a daytrader.

  • Attachment 20180812_090551

    Lol.
    Like he made s killing being greedy, right.

    • Attachment SPX

      Yeah just like he took profits after the run up during the end of February/beginning of March. Good call Gary but then we waited…while missing out on all the TQQQ gains and chasing the JNUG dream.

      Like he preached Nasdaq 10k yet doesn’t stay in it? Had he just traded TQQQ this entire time after the March lows, he be significantly higher. He reneged on a myriad list of rules he developed. Rules he goes against on a daily basis. It’s just pathetic, because at one point he does seem like he tries and at the other end of the spectrum he demolishes any credibility he previously erected for himself.

  • Savage missed the entire initial rally only to get in at the Feb top to sell at April bottom then flip flopping in and out tqqq ever since.
    Horrible timing, worse than my average trading buddies for sure.

  • Attachment Capture

    NOW UPDATED!

  • Shit metals sandwich Savage on the futures, way to go squirt.

    • Ignore the early morning move down. Precious metals are just setting up for a bounce that should get underway by the time the market opens.

      Aside: Why are we talking about Avi on this site? He may not be perfect (nobody is) but he is in an entirely different category where investing advice is concerned. I am no fan of Elliot Waves but they are based on Fibonacci’s and in that regard there is proven validity to the method. It’s all in the interpretation and the expertise of the person behind reading the runes. Unfortunately some practitioners out there make a dogs breakfast out of both systems and have given Elliot a really bad name. But Avi gets lots of credit for working hard at the craft. So mixing his name and Gary’s in the same sentence is like putting oil and vinegar together.

  • Elliot wave theory is a self fulfilling prophecy

  • We just broke below the july 2017 candle-low.
    This gets more interesting by the minute. If there
    won’t be a STRONG bounce back up this puppy
    will drop to ca. 1,170ish soon. Hold on to your
    hats – good luck !

  • Let me guess Gary sells premarket JNUG @ open and gets unscathed.

    Dimwit.

  • Right, just for f*cks sake I bought this (DE000ST3BJM4) at 0.3 with an SL at 0.2
    Let’s see if I can ride a possible bounce off the lows.

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