So propably you’re subscriber of, website run by Gary Savage – or maybe you are thinking about becoming a subscriber. Well, read my blog and i think you will change your mind. You think he is such a great trader ? well truth is far,far, FAR away from that. In a fact – in long term he is WRONG about literaly EVERY market – gold, dollar, stock market. It’s easy to track his “record”, on his you can read archive post to check his achievements. I dont know why people dont do that ?! Its easy to find out that since 2011 – in a long term he is WRONG WRONG WRONG and WRONG in his predictions. In a short term – yes he have some nice trades, recently he bragged about “4 perfect trades in a row”. Well guess what happened next, his next trade hit 70% DRAWDOWN, which is almost equal to BANKRUPT. On his website he’s posting “model portfolio” which is nothing but virtual money. But his subscribers are using REAL money and have real losses. So he started about 2011 claiming that gold is going only higher and higher, when bull market in gold crashed he claimed that its only a correction and bull market will resume with target prices around 2000-3000$. Yes… You know what happened right ?

But even in 2013-2014 he still believed that bull market is still in play ! And he was very confident about it, just check picture below, “i can assure you”, “im sure” etc – he is still using this word to this days. “you will make shitloads of money” etc. But what happened, he lost most of cash in “model portfolio”, leaving his subscribers accounts EMPTY. The he hid this portfolio because he is refusing to admit that he was totally wrong about EACH MARKET in timeframe 2011-2014. Just check his predictions they are public available. He claimed that stock market is going to fall, well what happened ? all time highs… he claimed that dollar is done, and what happened ? multiyear highs. He is still claiming that dollar is done, but dollar is still making new highs almost each day 🙂 And of course – gold, he was totally wrong

So to resume – he was 100% wrong on each market, he lost his subscribers money because of that. So what he did, in 2015 he decided to reset his model portfolio, new balance like never happened. Well his subscribers couldnt do that, their money are gone forever.

FINALLY gold bottomed in 2015 so guess what, Gary is on fire again – gold is going to 4000-5000$ this time! dollar is done ! you’re going to make shitloads of money etc, saaame old story

gold prices went higher, no wonder, after fall from 1900 to 1050 it had to rebound at some point. So it rebounded and Gary FINALLY started to make (virtual) money. Subscribers base started to grow, damn what a good trader, he claimed bull market in gold and it happened (no one checked that he claimed that since 2011). Model portfolio rose from 100000 to 220000 and Gary started to bragging about it, every time someone had other opinion (maybe its not bull etc) he responded like he is smartest trader ever, you dont know nothing, im sure, im 100% sure. Yeah, he was sure in 2012,2013 and 2014 also

But what happened in october 2016, Gary went long in gold at 1330$ of course at heavy leverage (JNUG), his subscribers followed him. What happened ? gold went down like a rock, to 1250$ and Gary’s model portfolio from 220000$ shrinked to 66000 which means -33% from START balance.

So lets resume: his model porftolio lost like 70-80% in previous years, he reseted it (virtual money right) then at the moment he is down AGAIN. And of course he is still claiming that dollar is done, and that gold is going to rise above 1500$ before end of 2016. How this will end ? I just hope that his subscribers will not lost most of their money again..

– he lost 70-80% of cash in 2012-2014
– he hid this like it never happened, just ask him about his previous record – he will ban you or delete your comment
– he lost 70% of cash in ONE trade, so he was DEAD WRONG about gold’s direction but he is STILL acting like trading god

So do you think that this are achievements of good trader ? do you want to PAY him for that ? Think twice. Below you find his “best moments”:

January 2012: If this scenario plays out then we can jettison the deflationary bear market hypothesis and begin positioning for the inflationary scenario which should culminate with a dollar crisis in late 2014. This scenario also has the potential to drive the bubble phase of the gold bull market.
my comment: since then dollar is UP 20% and you know what happened with gold – NICE CALL

April 2012: THE BEGINNING OF THE END (about stock market)
As convincing as this rally has been I am confident this is an ending phase and not the start a new secular bull market.
my comment: this “ending phase” ended with sky rocketing of stock market, SP500 went +60%, another NICE CALL

June 2013: No one even believes that gold will ever see $1900 again, much less many multiples higher than that. Yet gold has now put in place the necessary conditions for a bubble to begin. And all big secular bull markets end in bubbles.Human nature never changes. 
my comment: do i have to comment that ? gold went from 1400 to 1050, “bubble” ? really ?

this is only a small part.. i just want to prove that he was wrong about EACH market. You want more ? check this and dont forget to read all comments:

Also check this blog, MUST READ: especially:

After reading this, are you still willing to pay for Gary’s SMT service (which should be called LMH – Lose Money Hard) ?

BREAKING NEWS: After losing MOST of portfolio in SINGLE TRADE he is doing it AGAIN, Gary deleted his model portfolio in 2016 because he was close to going bankrupt AGAIN. Same situation happened after huge losses in 2011-2014, he deleted portfolio and made new one and guess what, he lost most of it AGAIN. This guy is nothing but MONEY LOSING MACHINE, total amateur which was overconfident about new bull market in gold. He was aggressive against every opposite voice (maybe its not bull ? he was like: you’re stupid IM SURE !) and now we see the truth. Guy knows nothing, cant make money in trading – LOSER OF THE CENTURY – and whats worse, he’s taking money from subscribers for it ! BEWARE


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Comments 12,798

  • Attachment Inverse head and shoulders on dollar hourly Septemberr 2018

    Like this observation, Wonky-Know.

    The US dollar is setting up as an inverse head and shoulders pattern on the hourly chart. So that means we probably get a reversal higher come Monday off a low of around 94.80 plus or minus. And that would warn us gold and silver are setting up for another decline. Nothing is written in stone however. Judge the chart above for yourself. It looks like near perfect symmetry to me with a clear pattern in play. So maybe reconsider taking long gold positions before the weekend because odds are you will be underwater Monday morning.

  • ObiWonkyKnowbee seems to be the new incarnation of Christian, Gary’s little lap dancer. He is most famous for one of the WORST calls of the year claiming rather stupidly that GDX had a big Cup-and-Handle pattern. His call came just prior to a price collapse so beware of this guy.

    He will ruin your account.

      • Anytime Mark. When in doubt about a trade check the hourly chart. If you don’t get your answer there then drill down to the 5 minute. Makes all the difference to your well being. You might not get all the answers there but your odds definitely improve since daily charts are not the best as trading tools.

    • Nope, you’re a liar and a tool, I’ve never talked about a cup and handle and you know it. Also I called exactly the RSI sell divergence on the monthly s&p which worked from the very 1st day in September.

      I’m famous on here for calling you out on your bullshit hokey cokey trading strategy, you are more incompetent than Gary, more arrogant and more narcissistic. You think you are some sort of cult leader but most of us (except the clueless newbies) are just laughing at you.

      You know full well i’m in gold dec call 1190 and very relaxed about the position. No-one’s account would have blown up shorting the indexes this week, The monthly RSI sell divergence couldn’t have been more obvious even for a dementia ridden bored pensioner clown like yourself.

      • Oh-Boy-Wanky-knobby sure said a mouthful.

      • OBi, until now I had great respect and admiration for you. That is before you wrote: ” …you are more incompetent than Gary…”. Come on! That is impossible, statistically speaking. Even throwing darts on a stock quotes will fetch you better results. And, I kid you not.

        • Yeah, he sure had a viral anger release in that post. Whew! Hope the guy didn’t bust an artery or anything. I think maybe someone is taking himself too seriously. He is after all anonymous so who cares what his calls are. Shit, we don’t even know who is posting given you can call yourself any name you like on this board.

          Anyway…..anybody that emotional can’t trade successfully. He is all talk.

    • Peg, cup and handle formations are difficult to comprehend. It is beyond you. I use cup with a handle to serve My Master with tea and then I sit in his lap quietly waiting for jnug to go to $2000.

      You seem to have an issue with this strategy. I guess it is all above your head. Don’t bother. As MY Master has repeated explained that retail investors like you will never make a penny. Stop shunting in and out and be a long term investor like Him. It requires patience.

  • Nasdaq futures down AGAIN
    Buying the Q’s here and again at 10am if she’s lower.

  • Agree OBi-Wan. One thing we should be able to count on with gold is that at the very worst an ounce of it will still buy a good men’s suit no matter which way the wind blows, I happen to strongly believe we have a very serious deflation ahead of us still. My proprietary indicator suggests gold could fall all the way back to its 2001 lows. I am dead serious. I just don’t know what that means has happened in the world except that the debt bubble has popped and cash does indeed become King in all its forms be that dollars or gold. So while the price per ounce is above 1130 today its buying power will be preserved even at a third that price level. No gold bug wants to hear that of course. The idea that gold could fall to the middle hundreds and still carry its purchasing power is not what most signed on for. Because what they really want is more dollars when the trade is over.

    • I don’t disagree with those targets PT, I think silver and gold will go a lot lower but higher first, deflation will knock them right down for sure. The difference like you say is what will it buy, over time you will be protected, the difference between purchasing physical and currency denominated PMs, better to think in terms of ounces for physical, great shorting opportunities ahead for sure on the paper.

      Short the paper when the signals come in and use the profit to buy PMs when Coppock gives the signal therefore you should only ever buy value, your average over time if you scale in on Coppock will be close to wherever price ends up as Coppock monthly signal is fairly rare. Good luck and have a nice weekend, off to watch Cook get his hundred at the Oval, with a bit of luck.

  • That is exactly what they are doing Gmoney. The Fed is now the largest holder of US Treasury debt. Someone has to buy what the Chinese, Saudis and Russia are selling to keep the market liquid. The ECB and Bank of Japan are doing the same. In the case of the ECB they bought so much European debt they ran out of qualifying issues to purchase.

  • I agree with you guys.

    While debt does not matter under certain existing conditions and in theory anything can be afforded, in the bigger picture what is happening is that we are abusing our privilege of having the senior reserve currency status.
    That is only tolerable up to a point for the rest of the world who is i effect paying for this largesse. What accrues to one party represents a loss to another. So for example, if your intrinsic currency is factually worthless but you nonetheless use it to purchase goods and production of real value then you are taking a benefit at someone else’s expense.
    This system only works as long as the parties receiving the currency that is being offered are also able to freely spend it in the same manner the original buyer spent it into existence. Right now the entire world cooperates with the dollars hegemonic utility. But should a kink arise where dollars are no longer freely traded then the existing system is at risk of disintegration.
    War may create the circumstances where trade breaks down and exchange rates become too volatile for the comfort of both buyers and sellers such that alternatives are sought. We hope the US is not drawn into a war that leads ultimately to the loss of its senior status but as we know, history repeats and this time is probably no different.
    Between now and then the worlds major Central Banks are indeed in a position to buy up and then extinguish as much debt as they choose. All of it if necessary. They are also free to put on their balance sheets as many equities, properties or other assets (including gold) as they deem fit.
    There is a price to pay of course since such purchases are fairly transparent and complaints will eventually arise from other countries Central Banks who are not in such an envious position. Brazil and South Africa as two examples cannot do the same thing (buy unlimited amounts of their own debt and extinguish it).
    And it is because their home currencies are worth squat in the financial capitals of the world and nobody trades them despite the size of those economies. The same goes for India, Russia, Saudi Arabia, and until very recently, even Chinese Yuan.
    For that matter, it is most of the world that is impacted. And that is who pays for the benefits that accrue to reserve currency nations such as Japan, The European Union and the US.
    That day of reckoning is further off than most here probably imagine though. It is questionable if the major Central Banks have yet crossed the line that would bring significant complaints from the rest of the worlds Central Bankers. But we are getting there bit by bit.
    Armstrong has written about this subject quite frequently and mentioned that come 2032 (?) the financial capital of the world will be shifting to Asia. I imagine that the only way such an event could take place is if dollars were no longer quite as important as they currently are.
    Much as Sterling lost its luster in the last century.
    So yes Gary. From 10,000 feet in the air…..there is no free lunch.

    • Got it Ped. Of course everyone is entitled to their opinion and can comment on anything that they want. I was merely suggesting that you and Vin consider some things that I didn’t think you considered in your responses. If you don’t think that my questions were relevant then just disregard them.

      • ???

        This site makes no sense anymore.

      • That comment from Ped was lifted from Gary’s website from 2016. I can almost guarantee the person who posted it isn’t Pedestrian. Someone here is just a joker and pastes up antique comments from the SMT site to make things interesting and stir up shit.

  • Those who are ready for 666, praise the Lord. Amen!

    • Yep, good one Vin, much respect from me, almost got there. Weekly buy divergences confirmed on JNUG, NUGT, GDX & GDXJ today RSI 9 period, all daily divergences as well plus all daily short-term stochastics have crossed and are turning up – now mars bar for the winner – what follows the miners…?

  • Attachment 20180907_104728

    For you blind non smartphone Andorid app bitches:

  • Gary being non active is the best thing that could happen for him.

    • That would be a double edged sword. Gary has stopped making investment calls because he has bankrupted his own account and those of his subscribers with his relentless day trading. His unprecedented streak of failures during 2018 have resulted in a large portion of his subscriber base to quit in disgust and many more simply did not renew. The tone of comments on his site has turned negative as losses mounted on the quest portfolio and his multitude of bad calls on JNUG and TQQQ.

      Gary is not trading anymore because he can’t trade anymore. He is finished.

      • I figured it would come to this eventually. Noticed he was originally betting with 100% of the portfolio, then later 50% then 20% and most recently a mere 5%. But what I think really happened is he was trading with the same number of dollars each time but as time wore on it was only the remnants of what he started with. You are probably right, he went broke in the end. There is no more money to play with so he stopped.

        • Back in the day he would say use up to 20% max per vehicle.
          20 is kinda extreme when you’re talkin’ a 3x leverage vehicle. 20 equates to 60 in reality.
          Now 100 takes it to unrealistic margin call status to the point of make believe 300 and gives this a reckless all in stance attack.

          I remember at times he would continually stab at trades multiple times with another 20% then another 20% like he was using the house’s new money from his subs.

          When you’re wrong, you lose big time to the point of blowing out your account.
          Gary has done this countless times.

          Is he still alive?

  • Okay bitches, now hear this. I am the Savage! Always will be. Buy it, pud. You know you want to. Buy it!

  • Not a good time to buy TQQQ ProTrader.

    Don’t catch this falling knife. The Qs are still in the upper part of the trend line and still have a ways to go. Also SP500 has a ways to go for it to touch the 50DMA. Long term of course doesn’t matter but there will be a better time to pick up shares. Looking for an entry price in TQQQ at $59-61.

  • 59 to 61? I have no clue where you derived that number let alone correlated the S&P with the Nasdaq.
    50dma is 65.09, Friday’s intraday low was 65.22. My formula has 65.42 as a buy snatch and buying three open was a contrarian hunch i.e. 65.36 and was a lucky buy.

    I believe in sector rotation as has it been all 2018 and the Nasdaq is the most oversold of the four.

    So far so good. Perhaps Monday will double test it?

    I use a reliablen patent RSI gauge and its almost there, was there Friday but has backed off a squinch.
    You could be right but too extreme IMO.

    • where is the chart?

    • Attachment sp500

      SP500, blue line is 50DMA

      • Attachment qqq

        Now for QQQ.

        Looking at the trend line we’re still in the midst of a pullback and too early for me to be jumping in. If we touch support at roughly 175.50 from current levels of 180.92 that’s about a 9% pullback from TQQQ which is roughly $6/share from current levels, sitting at $60/share. Granted I could be wrong and miss out, but the March high is lining up with the lower support and could be a nice place for a bounce at about 175-176 region on QQQ.

  • Forgive the font (Android S9+ dynamics):

    Leveraged charts should be dismissed vs say QQQ but bought the open on impulse because markets are manipulated especially premarket in all asset classes.

  • Attachment Screenshot_20180908-081708_Chrome

    My RSI:

  • Attachment 20180908_112832

    Remember last week I entered SOXS but pulled out too early

  • 5 days back last Friday got spooked and tricked and Tuesday neutralized my hedge and got lucky adding AMD

  • Any word on SMT lately?

  • Goild, if you play old turkey with 3X funds your goose will eventually be cooked. Don’t even consider it no matter how enticing it looks because it is one of the best ways available to blow up your portfolio (and yes, I am telling you this from personal experience). The problem is that you can be correct over a certain time period but still end up losing money by holding too long as the market gyrates up and down and decay eats away at your position. There are better ways to play. Old turkey is ONLY for stocks in genuine bull markets and even then you need to take care with your selections. We are not in a bull market in gold. Not yet anyway. We are factually almost back to where we started a year ago depending on what shares, metals or indexes you look at. Like 2016 never even happened. And during that time a lot of holders of 3X leveraged products had their arses handed them both on the bull and bear sides.

    • TopTrader NOT true, true story.
      Bought SOXL @ 59 in 12/2016
      2018 went to 209!
      Been adding dips nearest 130 ever since.
      Sitting pretty
      4th industrial revolution is only in 2nd inning
      Don’t listen to the talking heads.
      NVDA and AMD to lead

  • SMT nice chartwork.
    I’m more of the hold equities and buy them on oversold readings vs. TQQQ.
    Friday was an impulsive action vs. premedicated.

    • Folks we’ve just had and are still having the largest printing spree in the history of the world. It’s going to create one of the largest bubbles the world has ever seen.

  • Attachment PEG

    Hello .. The *Real* Pegasus.

  • The bull will continue:

    “During the second quarter, server revenue grew 44% to reach $18.4 billion, an all-time high, all the more impressive after flat server sales for nearly 20 years. Strong server sales reflect robust business computing demand, in contrast to tepid consumer demand, with PC and smartphone sales trending down. A key difference between enterprise and consumer is data—enterprises own tons of it and consumers own little. At a very high level, enterprises could be buying servers at an accelerated rate because they can convert data into improved business outcomes. Consumers, on the other hand, have little incentive to buy marginally better smartphones. If AI-powered analytics is driving this spend, accelerated server growth could become a secular trend, greatly benefiting microprocessors, memory, and other component suppliers.”

  • I really could care less about all the fundys and technicals on any damn thing.This unrelenting chatter is not putting steak on my table.The only thing that puts steak on my table are the unknown variables that occur 24/7 that keep us all interested and invested waiting for the page of life to be turned.I dont care what its called or how its wrapped as long as it puts that juicy steak on my table.

  • SMT latest: Bearish US stocks:

    Sure glad I’m long

  • We’re overdue for a pull back, stuck in a short term down trend for right now. This “cycle” has been pretty stretched. I wouldn’t buy right now, time to be defensive.

  • Yes , my name is Gary .

  • Just for the record:
    Posts from thursday AFTER 4:21 pm (board time) up to now were NOT from me as I had turned off the computer after 4:21 pm and was away over the weekend returning yesterday evening @ GMT+1h.

    Strange fellows mimicking “account-names”…

    Now, good luck to all during this week !

  • 666 coming!
    Praise the LORD.
    Get ready.

    • 666 is in your forehead,not on it.

      • Another non-believer!
        Ask those who who bought at 999 before the split. Just like you they have also been enlightened.
        Praise the LORD and get ready America and don’t be unAMerican like punks who call themselves american to deceive the righteous.
        Get ready 666 is almost is here. It is below 700.

  • I have seen the light.No need for me to be independent,free thinking and comfortable in my own head .All i have to do is follow pro trader and buy the overpriced stocks he buys and my life will be swell.NVDA and AMD rocket will lead all right.They will lead the tech wreck down.All true believers in this overrated high priced orgy line up on the left with the rest of the robots.The rest of us that dont jerk off to our framed degrees and titles come back to earth and meet me at that coffee shop around the corner.The one with the sign in the window “leave your ego at the door.”

  • what does the ticker symbol amen stand for many shares in amen do you big is your investment in amen.i have got 25years invested in AMEN.

  • so i am waiting for you vin to decode your message.but wait i think i have the answer.your just a troll from thatother place advertising your blood pressure numbers.are you in any asset markets.stocks,options,commodities.own your own cars.whats your thing.

  • i cant stay on subject anymore because gary is boring the market is boring my stocks are in a coma the dog appears to be dead the neighbor stopped nude sunbathing so whats left but some light hearted repartee.

  • Here come 666. It is already @689. Where are you Ped? No comments?

  • Does anyone have an opinion on INDL? Gary? I am thinking of jumping in here at about 76.50?

  • I see Gary’s gdx dec 22 options he bought at 1.55, now have a nice bid of ten cents.

  • Attachment Euro bull flag

    Any expert chartists that want to weigh in?

  • 676, 11 cents to go. Are you guys ready? Ped? Here is comes.

  • sure buy the euro its goin to two bucks .then u can get two cups of coffee.

  • hey vin thats my phone number.

  • ProTrader, save me, SAVE me. WTD? WTD? Buy some QQQ’s? Short the market? Buy some gold? Buy some new shoes? WTD?

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