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 πŸ™‚ 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.Β 
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 15,740

  • Pegashite who shot anyone down who was short USD has now joined the club, LOL. Also, didn’t someone say jnug,nugt, gdx and gdxj gave buy divergences on Friday, that would be in real time? Comedy gold on here with you clueless clowns. Give it up ladies, you haven’t a clue

    • teach me master.i want to know.

      • I’ve already taught you everything Luke, more fool you if you didn’t listen, i’m giving up my charting and following Gary from now on, SMT is top with 27% gain, I can only dream of such percentages :))

    • Oh my GOD, the volume of worthless information that issues from your polluted keyboard is verging on epic. Could you give the claptrap a little rest my dimwitted friend? If you had been short the dollar since April you got destroyed. You dollar bears are complete retards. Thankfully its not my problem.

      • nope, not since april, lying again I see and what about nugt, gdx, gdxj and jnug weekly divergence buy signal given on Friday in real time, face it Margaret, you are worse that Gary, much worse

  • WTF?now kitco showing all up versus the dollar.i dont think you can trust kitco 100%.

  • Canadian dollar has really taken off today. It’s gold-positive in my books.

  • USD support at 94.85, has to break 94.38 at close of a day to confirm failure and next potential support is 92.51 – should give gold and silver a nice pop if it plays out, 94.38 is the key level

  • Gary is guilty of (at least on paper) attempting to trade in and out with surgical precision, except that his accounts (if real) and his subscribers’ accounts get shredded. Death by thousands of cuts and/or staying wrong for very long.
    ” most people aren’t capable of sitting on the sidelines. They jump in and out of trades trying to make something happen. Usually they just over trade and end up making their broker money but very little profits for themselves.”
    Sounds exactly like you dumbass brokeass Gary.

    • True, overtrading kills everyone, the NUMBER 1 MISTAKE for sure, we’ve all been there, some of us learn earlier than others. Jim Rogers only takes 1 or 2 trades a year these days I read somewhere. He has plenty of physical gold and stated he is waiting for 950 before buying again, he won’t care when it gets there, he’ll just load up when it does, clever guy.

      • While I’m not a big fan of Jim Rogers (I think he was lucky to be at the right place, right time to become wealthy) I can’t disagree with the idea of waiting for the right time to buy, rather than getting shredded by feeling that you have to trade now, or you’ll miss out. I’m going to be a lot more patient from now on. Tired of getting in too early and wishing I had waiting patiently.

  • you cant always get what you want but if you try sometime you get what you need.

  • I look like a leather purse these days.

  • I am NOT convinced. This might just be a swing before
    Count Dracula -eh- Draghis speech. Bollinger bands
    contracting just like they did before the LAST step
    down on the gold-ladder.

    Better miss a couple of bucks than hold the bag.

    Anyhow – good luck, people !

  • Ten minutes to go before Draghi starts speaking…….

  • mmmmmmm – Sugar seems to be going up nicely even though as someone pointed out on here the world is awash with it……..

  • Dollar losing ground, we might be on to sth.
    Congrats to the early gold-birds, may your courage be rewarded nicely !

  • 94.38 – come to Papa, break baby, break :)))))))))))

  • The new normal has struck again: US-CPI goes down and gold in US-$ goes up.

    Well well, so much for basic economic knowledge. *LOL*

    BTW, platinum was a nice frontrunner for todays gold action.
    Rose steadily from early morning my local time till now.

  • Gold 1st target 1,228 then maybe 1,238.
    Retracement _IS_ possible !

  • Some1 clearly doesn’t like the way gold is going.
    Smacked down even though EUR/USD is stable.
    Go figure.

    • Another gold-bugs trap ?

      Damn banksters… πŸ˜‰

      • Werner, let us know when you think it is the right time to jump in because earlier today I sold jnug for a quick one dollar profit.

        INDL is up again. Peg, I hope your prediction of 150 becomes a reality. I will be happier.

        • Vin, I really DO NOT KNOW.

          I’m really confused as the technicals as far as _I_ see them do NOT
          point towards a HIGHER level but instead look at best as undecided
          as in the last weeks and at worst wayyyyy lower.

          As long as the markets are not seeing MAJOR and CONSISTENT
          pullbacks in stocks, THAT’S where the money will be and the
          general interest won’t be in the PMs.

          This does NOT mean that there won’t be long/short opportunities
          all the time, but in terms of a GENERAL and TRUE direction I’m
          just as clueless as everybody else honest enough to admit it. πŸ˜‰

          After all we’re also experiencing MAJOR currency-drifts which
          are of course politically driven making FOREX-moves HARD to
          anticipate and then in turn constantly mix up the commodities

          Gotta leave, wife’s calling and I certainly won’t ignore her.

          Take care all !

          • Thanks. I am glad that you understand the calling of THE boss. Welcome to the club.

          • I’m holding my position. Gold will head higher. So will the miners.

            Maybe I should worry….but nah! πŸ™‚

          • Peg now that your friend gary has sold it, your not-selling looks good. Unfortunately I sold it with about $1 gain. Maybe I will get another chance. But based on his record is safe to assume that jnug is headed up unless he buys it tomorrow.

          • I wish I knew what was up with that guy. He’s got the jitters now like a heroin junky who went cold turkey.

            Nothing exceptional happened with gold today. It’s broke out above the falling channel on the daily chart two days ago just as the dollar broke down. Very nice for my eyes. It was the dollar and euro that gave me the nod. What caused gold to decline a little today was the Yen which turned blood red and confused the market.

            You just can’t follow Yen and Dollars at the same time even though they both correlate with gold. So when they disagree you need to decide which one is actually going to be in control. King dollar should be obvious so I just discounted the Yen/$ decline and ignored the screen for most the day.

            I fully expect gold to bounce-back tomorrow. We are forming a rising channel now. I was wrong about gold falling back to 1180 or 1190. Time just ran out on that scenario. So I am pretty sure we are already in bounce mode but the gold market is still so negative nobody really sees it yet.

            You will likely already be aware that gold hit it’s bottom 21 trading days ago when it touched down on 1167 (or whatever it was exactly….I can’t recall now) But it has taken until September 11th for miners to post their own final bottom. One hell of a lag time in that differential.

            So the people trading gold futures are way out in front of the people who buy and sell mining stock. And those professional gold investors are already back in the buyers chair while the equities folks are still scrambling to make sense of what the fuck happened to their positions.

            It’s in the share market you hear the most crying and sobbing.

  • So Gary has”taken profits”on the JNUG trade…. So much for holding until it was overbought!!!!!! What a douche!!!!

    • What profits? Are you kidding? He was deeply underwater on Quest. Unless he bought something else recently that I missed he is in another losing trade. You might have to get me up to speed on this one. What did he sell exactly?

    • Yeah that’s right! What ever happened to waiting for the stochastics to cycle back up to overbought? Sheesh!!

  • The banksters are winning AGAIN today! LOL

  • Way to go Gary on that call to wait for the Nasdaq to correct!
    Jesus you can’t make this shit up.

    By far the worst market time ever.

  • Just noticed the euro gapped up 82 pips in the last hour. Wow,….it’s going to be a great day for gold tomorrow. Wheee!

    Too bad Gary sold. He would have made a pile of cash.

    • Swissy, Yen and Canadian dollar also gapped up. All positive as far as I can tell. Hmmm….something is afoot. We might get a real move in metals this week that will leave the doubters standing in the dust. Isn’t that how it always goes? Your trade takes off but then you don’t buy it because you are waiting for a pullback and instead you get left behind.

      I once missed a great gal that way. Hesitated just a bit too long and *POOF* she got married to a friend instead.

      • On the other hand, she never aged well. Forty years on and she looks like an old sack. I have a girlfriend half my age.
        Maybe it all worked out exactly as God intended!

        Bite my tongue.

        • Problem with girlfriends half your age is that they’ll cost you dearly most of the time.

          Especially if your wife finds out about her… πŸ˜‰

          Watching EUR/USD closely, gold is torn between to lovers, to stick to the topic.

          • LOL!! I can see you’ve been there Werner. It’s all perspective though. What do you call costly? I had an ex-wife who wiped me out to zero many years back. THAT was expensive. I’ll take the 25 year old any day whose clear about what she wants. Anyway, I kind of get a kick out of shopping for clothes and jewelry. It’s just money.

  • EUR/USD picture attached.

    EMA50 nicely left behind, MACD turning up, RSI rising steadily, SloStochs upward.

    Judging by all of that, the EURO is starting to rally.

    But for some reason my gut is just not convinced that it’ll actually do so.

    • That’s what the market does best. It drives me nuts too Werner. When you are filled with doubt its often time to buy though.
      Gold is moving up nicely today. You could be right to have doubts though. When I look at the HUI chart there is an unfilled gap on the channel. It implies that HUI needs to drop another few dollars to the primary support line. Guess it all depends what you are buying. Gold is already moving and has been rising since mid August but miners are still dancing to a different drummer. I think when they finally turn it will be a memorable move.

  • We have euro and yen on the same page today with the dollar having seen a 93.99 so I’m bullish metals. I think we are looking at a strong move up to about 1223 on gold. All in one day though? Maybe….maybe…..maybe…….that would be outstanding and really make my day.

    • Remember that nice rise of gold yesterday when it was all blue skies ?
      Then suddenly, out of nowhere, another sell-off which led to nullifying
      all day’s gains in a few minutes. Something’s (still) very fishy as I watch
      the minute-chart of gold where every larger rise is always followed by
      another sell keeping the price in a rather small frame…

  • Peg, gold seems to be doing well. I TOLD YOU SO AT LEAST 17 TIMES. Your friend gary is a litmus test. Remember he went bearish yesterday.

  • Just as my gut expected gold is kicked once again.
    I think we’ll see sub 1,200-levels sooner or later.

    • (talking about gold-futures here, sry)

    • Not this time Werner. Gold is just working through a pattern. This pullback will be followed by a rise to a higher level. To me its just normal market behavior. I don’t see any problem at all with whats happening right now and I don’t see any danger lurking.

      • Pullback/rise MAYBE. ATM it certainly looks shady.

        Anyhow, I’m off for the weekend. Work is done and
        I got other hobbies apart from this one, too.

        Take care, especially if you are in the hurricane-area.

  • Damn Werner you were right. Gold did go below 1200 dollars. OK, from now on I listen to you buddy!

  • I am serious. You post some great trades. ……..

  • Are Gary’s subscribers still picking $GDX bottoms did they all capitulate along with Gary?

  • ok chart boy do your stuff.does todays gold low define bottom of a new uptrend channel?my pic is up only 3% today on a solid footing of heavy vol. and renewed buyer interest after months of brutal attaks.kiss and make better.

    • Remember a week or so back I was claiming that gold was going to fall to 1190 (and I was damned sure of myself) and then instead it rose in price and I had egg all over my face? So I figured I had made some kind of error and cast the idea aside. But would you not know it….gold looks like it is going back down and will hit my number after all. But not in the way I imagined.

      So I still didn’t get it right and I don’t feel like posting a chart to prove my error!!! LOL!!

      My girlfriend thinks I’m a genius though (she has no idea what I am doing on the computer all day) but it makes me look smart! Hahaha.

  • Weekly Dojis in nugt, jnug, gdx and gdxj following the weekly RSI buy divergences last week. 4 weekly moving average within 20 pips of falling through 12 weekly MA for DXY – S&P weekly RSI sell divergence now in, so in summary, if you like to gamble, long, long, long, long, short, short. One caveat…

    1) Free advice is worth exactly what you pay for it

  • Might be time for a nibble, Jesse Livermore style, buy some, if it goes up, by some more etc – Lumber – Corn – Coffee – although a full on gobble of coffee might be in order, already have the sugar from 10.40…looking for 100% on that one by 31st July 2019

    Greed/Fear/Greed/Fear – what to do hey kids?

  • “Just sit on the sidelines until that trend line gets broken, and sentiment turns bearish. That’s when you will get the next buying opportunity”

    Gary focked up AGAIN by missing out on the latest Nasdaq train which is still halfway before next exit.

    Let me guess he will TVIX it.

  • The semiconductor index is about to rock and roll why you say?
    Bounced of her 50/200 dma and 40 wna.
    But more importantly she has been consolidating for nearly 10 months!
    This is absolutely insane but more so healthy.

    Another focked up Gary FOMO event.

    • Agreed. Semis are geared for a take off. Still negative sentiment due to cyclicality however. We’ll see what happens in the next few months.

      • Agreed INTC and MU out of favor but the others have been being reaccumulated by the masses, institutions and retailers.
        That bounce two days ago is the real deal and just the beginning for new inflows in a suppressed market.

  • I just learned that Gary use to masturbate in my jewelry box. I just found a bunch of crunched up dried up tissues in there from 1972-1975. My lord.

  • And it was also the same guy who dreamed up the idea of giving children lawn darts as birthday gifts.

  • This hurricane is going to drain resources from around the country creating all kinds of shortages.Should be able to find some creative trades here in builder supplies,waste management,infrastructure,hazardous materials removal,landscaping suppliers,much,much more.I now lets move to the Carolinas and buy a house built on sand on top of wood stilts.How quaint and they still got their homes flooded 12 feet off the ground.

  • take a few moments to read through some of the titles to see how wrong he has been, such as “metals could double or triple” right near the top in 2016.

    • Cracking under the pressure. Gary REALLY needs a distraction to take the heat off. Even if it means dragging Avi into the fray. Nice try Gary but we already know Avi isn’t perfect. Nobody is perfect and nobody cares about that. That’s not the complaint.

      The real problem is you are a complete fucking fraud, a gambler and an arrogant bully.

    • Amazing how people try to take shots at Avi. I am a current subscriber, and I have to ask if you understand the word “could?”

      While Avi did miss that exact top in 2016, I can tell you he caught the rally from 13-32. And, he then caught the short from 29 to 19, and then turned bullish again. If you can find anyone who did better, then he must have been perfect, because Avi caught those turns as close to perfection as a human being can.

      If you can show me who has been more accurate than Avi, then I would gladly follow them. Again, Avi is clearly not perfect, but I have seen no one better.

  • I just listened to Gary’s latest video, and omg . . I have never heard someone who is more full of shit. He knows when the manipulation is going to happen? This guy is such a con artist.

  • And, how can he be up 500% in his metals account since 2016 when he took an 85% hit on his JNUG abortion of a trade? Oh yea, he deleted that loss. what a con artist.

  • SMT’s audio blog makes Gary sound so convincing that it’s truly a travesty. His documented track record is perhaps the worst marker timer in modern times.
    Is he demented or is he truly brainwashed. OR is he really cognizant on his actions deliberately trying to railroad his subscribers before his retirement is another theory out there.

  • Platinum is suggesting gold has bottomed. Check the chart for yourself. It’s not uncommon for platinum to lead gold both to the upside and down. Notice the higher-highs and higher-lows on the hourly chart? As a rule this is a more disciplined market since it hosts far fewer of the emotional “bugs” than does gold. It is dominated instead by professional traders and the industry. The charts therefore are easier to read which is another way of saying the signal is cleaner.

    Even though both metals trade together, platinum never gets the same attention afforded gold.

    • Metals do not trade together. Silver topped in April of 2011 and gold topped half a year later. So, there is some divergence quite often.

      • The correlations between metals is well established over multiple time frames so I won’t get into an argument with you. You may check that for yourself. The correlations however are not perfect. Exceptions can be found. But as a rule when gold is falling, both platinum and silver are also in decline and similarly they will rise in unison. The notable difference is that silvers moves tend to be sharper in both directions. You are doing a disservice to yourself to claim “metals do not trade together”.

        • And, if I would have listened to your perspective, then I would have gone long silver when gold was hitting higher highs in 2011, and gotten my ass handed to me. To believe in anything as linear as you do is simply wrong.

          • Not at all. If you were paying attention to the charts you would have seen silvers parabolic top in 2011 as an unequivocal message to exit ALL metals trades. Silver was leading gold, not trading in a different direction. It was in fact doing what silver does best which is move more strongly in the trending direction. You are not alone in missing the message to take the off-ramp and exit metals though. Most of the bugs missed it and paid dearly when gold eventually collapsed exactly has silver had warned. For some reason they did not understand what was obvious to the professional traders. Silvers top was a parabolic blow-off peak from an exponential move higher. It is a remarkable chart. Remember it in case you ever see another one (like Bitcoin!).

  • I am amazed how you really think you know it all, but get whipsawed like everyone else. Personally, I followed Avi back then in his public articles and got out . . and joined his room not too long after that when he proved his analysis worked over time to me. You have proven the opposite. But, thanks for trying.

    • Save it. Avi’s record is a spotty as anyone else’s. The best in the business can barely beat the market 50% of the time. Someone posted up a portion of Avi’s past record recently. Go read some of his calls that were dead wrong. Elliot Waves are best read in the rear view mirror. Most of the time the information is useless so I will never subscribe to his site. His last big call was IF GLD falls below 119 then blah blah blah would happen otherwise price would go up. Totally useless guidance and not tradeable at all. We can all identify support zones. So what?

      Anyway, you are a follower. Go follow and best of luck to you.

      • PEg . . do you don’t have to get so touchy when someone says to you that you really are not as good as you think. But, I can assure you that Avi is a heck of lot better than you think too. I have been astounded by his market calls and turning points. If you are unable to understand his analysis to benefit from it, that is your weakness, not his. But, I can assure you they guy is quite amazing.

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