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 15,533

  • Yep I think you nailed it Peg (or pegged it?) Dollar looks like it’s topping this morning. People will pour back into equities and flee the dollar. Also good for gold. 🙂

  • Insider tip: When someone violates copyright laws stealing Stock Charts or Trading View Charts realize that person probably doesn’t have an actual trading account == hence they are using a FREE charting service. Tell tale sign to be cautious and know the person is probably a fraud using these charts to sell advice.

  • Well that’s interesting. Dollar just punched upward.

    • October has burned me out. Total exhaustion from reading charts day in and out watching the market gyrate.
      Maybe November will be a little more normal.

  • That’s because you are a moron Anonyshite – this is normal for October numbnuts

  • Hardly constructive…. Anyone have any thoughts on gold right now?

  • loaded more JNUG @7.21.fuck all the doom and gloom shit.Happy halloweeny!

  • Peg, I’m in JNUG @ 7.22, Koolaid here I come.

  • JNUG @ 7.22, the dollar chart convinced me

  • Attachment Woodshed

    Its fools gold.. you gold bugs visit the woodshed yet again. “Oh the dollar us going to roll over according to my indicator, blah blah blah..”

  • You SHOULD’VE bought dip dipshits

  • Attachment DOW_200dma_2018-10-31

    Tnx 2 Zerohedge for the graph… 200 DMA touched, wonder what the opening offers.

  • JNUG nearing its lower Bollinger band. All is not lost. This is the shakeout right now.

  • So keep your cool. This is not the time to sell. We have seen this play out hundreds of times before. The market is designed to deliver maximum pain near bottoms.

  • I’m out for now. USD is as stalwart as I’ve ever seen….

  • bought more [email protected] in this trade a total. of .60 min.odds favor a solid good bump will turn the stochs & rsi methinks.stops ?sure the bars on my windows overlooking the river!

  • Annnnnd the McClellan-oscillators show a small GREEN bar for stocks:

    Change of direction ? I expect this to be a move towards previous highs but
    then turn down again. Maybe afterwards the precious metals will rule.

  • Well would ya look at that… USD is coming down.

  • Forget the trolls on this worthless site Peg, come over to Tradingview where the grown-ups chartist dwell, trolls get banned immediately, you are better than this garbage website, i’ll look after you I promise and you might learn a thing or two, genuine offer of friendship from across the pond. Leave the rest of the pondscum to fester in this site, a site that was created for losers was it not, those that had lost to another’s advice.

  • Gartman says market should bounce for a few days but even better Gary says bottom is in – get ready for another cratering…..And this information is free, wonderful guys aren’t they, so generous

  • If you are ever mad enough to book a holiday across the pond please look up the following website, – trust me it is essential reading –

  • No one here bought the dip.
    Too busy focusing on metals.

  • Bought some tqqq yesterday morning

  • Monday 2603 bottomed

    • Dreamer. There is not a fucking chance in hell markets have sold off to a bottom. Buy the dip though. God bless and good luck.
      Next week is a total screw festival in the making. And you know that because too many people (like you) confidently think they are on the right side of the (bounce) trade but they mostly need to lose or the market won’t work.

      • Gold has bounced off 50% fibs at around the level of1213.69 which is also strong weekly support, closes over this probably indicates gold will continue to go up

        • 100% bullish metals and miners. Entered a little early. No sweat at all. Its the early exits that kill you. Just waiting this out. Tomorrow is 1st of month (common bounce day for gold) and if that does not work then Monday. Downside is the reversal in metals may be short lived. Stochastics’s already deep into oversold. It’s a slam dunk and warns equity markets likely to reverse back down again next week.

          • yep and even more amusing zerohedge has Rickards saying be prepared for a weaker dollar plus gartman and gary bullish stocks

  • Agreed.Hold em tight Peg and show em you got a pair.Luv to buy more into the close but ……hey i bet some stupid shit happens overnight in the world,like one of those black swan events …or a Famous Gary brain fart.tah,tah your friend Hannibal.

  • Sell off into the close boys. Doubt the roller coaster is over.

  • Seriously, is he not embarrassed to suggest that the stock market is driven by the elections after he was handed a massive shit sandwich after the last elections? But he still puts out the same shit, so I guess it is right for him to eat another shit sandwich.

  • I do think GDX must make a lower low. And then who knows.

  • Good morning. Well it does appear the dollar has reversed this morning after having peaked at 96.97 yesterday. It will need to drop below 96.25 (approximately) to break its hourly chart support and make me feel confident that the trades are on the correct side of the bet today.

    Gold also looks to have reversed higher as it spiked from 1219 to 1225 in the past hour. Looking good so far and those of you who held and did not bail out yesterday on your cheap miner calls and JNUG bets will be having a good day. Don’t be in haste to sell!!

    Gold should rise cyclically for two weeks minimum so there is money to be made.

  • Actually….I think that prior comment needs amending because this particular decline in the dollar has the potential to run substantially lower. I will need to run some technicals off the monthly chart on this one since its at that level we see a formidable head and shoulders in play. This is why it cannot be emphasised to strongly to take your time exiting gold trades now. The mood in the metals market could reverse hard and take a full 180 into a very bullish posture. We are still at the bottom people. Now may be the time to strike. Keep your eyes peeled for technical breakouts. You won’t want to miss the short squeeze I think is about to get underway.

  • Can I be the first to say it…..?

    Gold has hit bottom yesterday. Our breakout time has arrived.

    Groovy baby!

  • Close call eh Werner. You had me worried when you said I might become the site’s Hartman. LOL……

    Saved in a nick of time!

  • Happiness aside….there is no victory until USD breaks down on the hourly chart. We are close but not there yet. Gold has already broken out in anticipation so watch the dollar now for confirmation. If you are holding 3x leveraged ETFs you can hold them longer than usual. I would not ordinarily say that but in rare instances like now you can ride them to exhaustion. Watch your fast stochastics, RSI and CCI at a minimum for when to bail out.

  • Gonna get back in this morning. Also noteworthy that there’s a huge inflow into mining machinery and material handling equities. We’re on the scent boys and girls. Also suggests a bottom in equities and miners. Bye bye USD.

    • Attachment Elliot Wave Counts on gold breakout day 2018-11-01

      Big Glaze, take care not to buy the price peak on the open. Most of the setup on golds first leg up will already be finished before you can buy it. Wait for the first pullback. Might start in the first half hour of the day. I only do basic Elliots because I hate the system for its unfathomable complexity but when a count is obvious it comes in handy (like right now)

  • ETFs R’ 4 KiDz

  • Dollar has stopped right on the support line. Predictable I suppose. I was hoping it had the power to blast right through. The day is still young though.

    • patience, weekly sell divergence setting up in dxy, imperfect bullish candle on daily gold, end of day/week key, intraday is for the kids who work at the gambling houses of ill repute – the banks – or laughing stocks as I prefer to call them

      weekly hammer forming off support for gold as well, back to sleep until the weekend, have another look then, happy with my 1190 dec call although thought 1st target of 1255 would have hit by now. ye’all have fun now and take the advice of the great Billy Connelly on politicians – “voting just encourages them”

  • We insiders – call you “Spinners” or “Propeller Heads” the guys on the internet going nuts trying to figure it all out with your crazy overkill technical analysis charts. What happens is you spin out of control – especially the narcissistic ego driven guys like with SMT as proof.

  • Nobody on the inside has the time or inclination to come here and post drivel.

  • So the dollar support line is at 96.24 and that’s what we need to see break before we can start calling the day a success and opening champagne. Right now price is bouncing but should reverse once it hits 96.35 where the continuation of todays decline will get underway.

  • but,but……..Gary doesnt eat shit sandwiches…….he doesnt like bread!

  • Apparently NO ONE bought the dips Monday and Tuesday

    Amateurs …….

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