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

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Comments 15,643

  • Gary waiting for an undercut. Will he get one?

  • It’s simple game buy when VIX hit 50 at least.
    Don’t give shit about stupid technical analysis

  • This time probably will hit 70 or 100 every idiot is buying this dip !

  • Doubt it.
    The majority media talking heads are focusing on the demise of the S&P chart with future doom and gloom.
    You all got it all wrong.

  • The market has puked it’s gains this morning. Maybe they stay down better this afternoon.

  • I’m out. Sold my trade in JNUG in haste at the end of the day and will reconsider it again next week. It looks topped out for the moment and due to pull back. Will buy again when it reaches its short term cycle bottom sometime next week. I hate holding these etf’s on a weekend. Almost always better to take your gain and get the hell out.

  • During the past few months an odd thing has happened.
    I can’t read Gary’s blog anymore. Just knowing how pitiful it is stops me cold.
    Once in a while I click his link. But then I stop there and move on.
    I can’t seem to make myself watch his videos and listen to the lies and bullshit anymore.
    There was a time I found his material interesting. I even liked the banter from the other posters.
    Now its just a barf-athon because he is such a fraud.
    After reading this site there is no going back there anymore.

  • Gary for the most part is a useful too …….. contrarian indicator

    Who was too scared to buy yesterday? NOT me.
    I added AMD and NVDA

  • Where oh where are the Gary hating goldbugs?
    Not here said the little piggy.
    Then I’ll huff and I’ll puff and I’ll blow down your house said the wolf.
    Still not here said the little piggy. We buy S&P mini’s now since gold really bites.
    Just get out here you little gold piggy….I’m going to eat you!!!!

  • Any bets on gold? I say it’s 100 percent guaranteed price rises again tomorrow and stocks fall again. Some of those gold trades closed near the highs Friday. There is room to go higher.

  • I just got this notice from Avi and it looks like he is calling Gary out on his lying

    https://seekingalpha.com/instablog/876837-avi-gilburt/5223934-don-t-follow-fake-news-fake-analysts-metals

    • He’s fUll of it too (Avi) – you can just tell with his “Bio” and unverified market prediction track record that could be considered miss-leading and possibly fraudulent due to not being audited or verified by anyone.

      • well . . based upon my following of him for about 5 years now, I have not found anyone any where near as accurate as Avi. But, it sounds like you must be Gary posting since we all know how jealous Gary is of Avi, and for good reason.

  • BTW – thanks for proving you are Gary again since he is the only one who calls Avi a newsletter writer. So, not only are you a liar Gary, you clearly have no shame.

  • Gary, it must be killing you how successful Avi is.

  • TheSe fucktarRd are a dime a DoZen on the informatIon super HiGhway – Usually start with some BS bio of how grEat they are at MakinG Predictions – which IN ItSelf is an OxyMoron SELLING fiNancial DiREction advice.

  • Told y all…it was 100 percent guaranteed gold would rise today

    • Profit taken and today I am short gold again.
      Price touched 1,235 briefly, it should drop soon.
      Enjoy !

      • Agree Werner, if you aren’t getting short gold from 1237 then wait for the pullback that’s in motion to wrap up. Gold currently trading 1230.6 and headed to 1205 (according to my way of reading the chart). We are topped out today in any case. I’m not doing any buying of longs right now although I love the bullish setup developing. Buying on the next bounce.

        • Yes Peg, short, but just riding the pullback coming. I tend to
          agree with Mr. S as far as this might really have been bottom.

          Also checking going long NAS100 and DOW (preferred) again,
          will watch the close.

          Have a nice evening, out for now !

          • Thanks Werner. You have a great day too. So does 1205 look about right to you for the next buy point? I’m giving it latitude of .50 cents on either side.

          • Peg, I quit the gold short right 8:00 am local as it did
            not do what I wanted to see yesterday evening. I will
            watch this unfold carefully as I _STILL_ expect a short
            blip to the downside (target sth around 1,20X).

            Instead I went long the NAS100 and DOW.
            Quite careful though, factors of 26 (6,820)
            and 34 (24,600) only with SLs at -10%. So
            far they both are up like 15% today, but
            the market opening will be more telling.

  • Hey – Hey – Hey easily manipulated trader – I have no past experiences other than opening up my blog – I know exactly where The markets are going, just send me your money FIRST and I’ll give you all my market secrets. -Gary

  • My son has taken many pounding in his butt. He has a colonoscopy coming up. Will they notice how gaping his hole is?

  • watch that oil,also.if Trumpy gets cute with the saudis were in for a big shock.buyin the cheapest US oils right now and dumped old gold for the time being.I crap bigger than GARY.

  • Where did Gary get this “false coil” concept from?

    • another bs pseudonym to make you think he knows more than you – when in reality he knows less. Tactic narcissistic manipulators use to make themselves look smarter (in their own minds). Anyone that defies them is ‘evil’ haha keeping drinking the kool-aid.

  • I think the bull market in stocks will resume very soon and explosively!

  • Thank you Vin. LABU was an excellent advice. Too bad I was a chicken and did not buy more. I have noticed that you have been more right than wrong. Before I did well with JNUG also. Thank you.

  • You boys missed the BTFD yet again. Too busy sucking your thumbs and losing money chasing fools gold.

  • I wouldn’t bet that the bottom isn’t in for stocks. Gary hasn’t bought yet, so that’s encouraging.

  • FOMO U HOMOS

  • Morning Pegasus.

    Just closed both stock-longs:
    NAS100 bought @ 2.4 and sold @ 4,37
    DOW bought @ 6.0 and sold @ 10.27

    Enjoy the day !

    • Went short gold half an hour ago because of double-top forming
      in futures, see 10:46 am and 12:10 respectively (GMT +2).

      Factor ca. 111 – quite daring, but only 3k € on the table.

      Good luck, all !

    • Morning Werner. I am short as well from yesterday (a bit early I know) but it looks good to move by end of week. Here is my theory of where price is heading with a potential sharp drop to 1205 / 1206 in the cards by Friday sometime. Let me emphasize “theory” since my ideas don’t always work out.

      The .618 Fib is coincidentally in the high 1204’s using the low/high points off this daily chart and my gut tells me that’s a good stopping point where the low will need to be established to create the beginnings of a rising pattern on gold.

      So a buy from the bottom of the next low should be considered seriously with the idea of holding for duration if the channel forms up correctly. As always, it all depends on what the market pitches at us between now and then. But if gold is about to form its low point of a rising channel then it throws cold water on the idea that the current pullback in stock markets are anything but the usual BTFD scenario since metals and equities are usually not trading in the same direction together.

      Next week could be really interesting if gold goes on tear with the dollar taking a dive.

      • So let’s wait and see what the market teaches us. 😉

        All the best to every1 reading here !

        • Some educations I can do without. Gold’s torture has been the equivalent of having ones fingernails pulled out slowly one by one for almost 9 months running. The poor suffering bugs will likely throw in the towel on metals start buying the stock market just in time for it to crash. LOL!!

  • Gary’s relative?

    • More or less member of every back-office in banks, funds, money managers in general… 😉

      Gotta lick my wounds (gold got me again), so off for the evening.
      Enjoy, fellows !

  • Futures are unforgiving. Sorry to hear that Werner. I’m sticking with my outlook although I am buying actual stock so there’s a lot more freedom to be wrong for a period of time and still make money.

    • No worry, Pegasus – it’s only money after all and I made nearly 5 times
      of today’s loss with the NAS100/DOW-shorts the day(s) before.

      So, what’s up today ? Let’s see what we find woth a trade then.

      Have a nice one, guys (and girls).

      • Umpff – taking a look at the gold-short I sold yesterday afternoon at 0.87
        was not a good idea: Currently at 1.64 and climbing. Would be a gain of
        just about 60% net on my entry at 1.02. Good to know that the general
        idea was right, only the timing was wrong ! *BigSmile*

  • SIMPLE
    Don’t trade metals PERIOD stupid.

  • Gary’s past subscribers boarding the bankruptcy train.

    Thanks for the trading advice Gary!

  • Soooo…. Gary’s video on currencies …does anyone else see a reverse H&S on the dollar and a H&S on the Euro…? (The exact opposite of Gary’s claim)? Or am I just nuts? Thoughts?

  • I think we can see something like 1.09-1.10 in the euro. Monthly has looked bad for a while and weekly is getting ready to move. I’m not trading this, by the way.

  • you cant have your pudding unless you eat your meat,children!

  • Hey kiddies its almost time for weekend market roulette.Please place your bets early,pop a tranq and its kamikaze time.I am going to fade the shit out of that vegas fudge packer GARRY and make me some cheddar.

  • the only cheddar is going to be in gary pants.

  • …. You guys sure you still wanna be short?

  • I believe Gary like I believe the SS..audis didnt feed that journalist to their camels!

  • Man… how much of a sell off do they need to go for gold??? Frustrating. 🙂

    • It’s interesting that gold and the dollar both traded higher today in unison while bonds barely budged. Normally during a market rout there would be a lot of money flowing to bonds. But today, almost no movement. In fact the 30 year was virtually unchanged from yesterday.

      Weird.

      And the market looks suspiciously like its going to keep falling. All of the major exchanges appear to be in the process of building out a continuation pattern suggesting that when they break its going to result in steeper declines. It’s a bit too early to make a verdict on the pattern but its tempting to draw conclusions.

      If the Asian markets are any indication of whats coming though then there is trouble brewing.

      So Gold will FINALLY get its day in the sun. Guess that’s what its going to take. A stock market correction will be necessary to turn around the dismal fortunes of our little precious 🙂 ……..or more to the point, perhaps gold has been warning us all along that this current stock market correction was building to it’s climax.

      Maybe that’s what the multi month price slide in metals was really talking about. So if that’s the case you NVIDA buyers had better be careful since gold on the rise is virtually a verdict on wider equity markets and you might be wise to buy a little protection (just in case).

      • Nonsense. We are entering the most bullish time of the year for stocks. You keep waiting for the crash while smarty money is using this opportunity to accumulate – like they do at every ICL. But But its different this time, oh look at Asia.. So says chicken little. No Gold is not going anywhere. The dollar is confirming its DCL is in and will be off to the races soon enough. Thats when the monkey hammer will come down on gold, like it always does. It’s fools gold, you silly horse.

  • change the world.nuke Mecca and Gayry!

    • Why Mecca? OK! That is a political decision. Every nation should do what is best for them. If nuking is needed to bring world order in place then let the President decide that.

      But why nuke My Master? He is helping mankind. Look at the number of faithful subscribers He has. One can ONLY earn such great number of followers by being perfect. So, please stop this blasphemy against the My Master.

      Amen!

  • Gary said the low is in.
    I agree here peeps.

    • The low is in for stocks? Or gold?

        • Exactly! How stupid can one be? It is so simple. And, My Lord has explained this at least 18 times if not 100 times. It is known as the theory of piece of cake.

          What is this theory?

          By 2018 July, for NASDAQ to reach 10,000 will be a piece of cake. In fact it could even reach 20,000.

          Tell me is it that so difficult to understand? My Master is fed up. He has explained it so many times. Now he is really annoyed. Should we blame him? I never blame. He is always right. How do I know?

          I sit in his lap all the time. If I don’t know who else will know? So, don’t ask such stupid questions.

  • If I were a betting man, I’d almost think today was a shakeout of weak bulls in stocks. Stay safe out there. 5 hour looks pretty neutral.

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