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 15,701

  • JNUG just hit the 50dma at 7.92 and “should” reverse but move is impulsive.hope I don’t have to chase price up the chart. Gold only pulled back a few bucks to 1230 before resuming its rise. Hmmmm.

  • should clear the 50 and make it to the middle of the bband.thats about a 50% retrace and a good place for a reverse.set a sell stop there @8.50 and i will see what happens.

  • Sure is quiet in here today. Where’s all the bugs? Is it just pure disbelief that gold may have a snowball’s chance in he’ll of getting traction? If so then stop reading gold charts and focus on JNUG and JDST in isolation. Each is reversing beautifully from its respective highs and lows. Plug-in some bolly bands on the dailys and that will put a smile on your face.

  • wheres the beef,i mean vol,big spike into the close,nah…takin this to bed unless the bots give it a kick in the ass.

  • Don’t bother trying to convert non chartists Peg, they like to revel in their stupidity, they still like to believe in fundamentals you know, tech stocks with no earnings to speak of lots of debt and PE north of 200 LOL

  • Does Gary have an actual trading account or statements to show his track record?

    • No.Gary has a particular set of skills that he uses to extract money & personal property from unsuspecting middle class white boys with tight butts.See ya at the pool party!

  • I’ll post again at the bottom. Thanks Peg. I bought at 10am. Been burned by that spike before. Not this time! Also long CAT and TWI.

    • You were right to do that. Well done. I already had positions on from the day before but never added more during the days session. I waited for a pullback that never came and did not want to start chasing after that first big spike. Cost in lost opportunity…..I’ll live.

      I figure JNUG goes as high as 10.50 before it tops out for a reversal back down. That’s my quickie calculation. We’ll get another net rise tomorrow and then a Friday correction to sour the bugs mood once more. That’s my version of what I would like to see happen if gold and miners are to continue rising next week.

      But if Friday is a big spike up in price I will take profits and wait till next Monday to reenter.

  • no disrespect Q man.back in the day all you had to do was go down to the CBOT,MERC with a pair of binoculars and pic a trader and go talk with him when his pit closed at his office.u could watch them trade and decipher their hand signals.most were nice guys unless they lost the farm that day.

  • Do you know any other blog/forum similar to old Gary’s blog?

  • Appl down 7% postmarket off earnings. We’ll have to watch the open, but maybe a dip to buy tomorrow, if you believe in that kind of thing.

    • You might want to think twice about tomorrow being a by the dip day – all the indices bar the FTSE (that’s all about brexit and nothing else at the moment) are moving up into the falling 1 month moving average which is potential resistance. If you are daytrading all hope is lost for you, seek a gambling counsellor and find your need for a thrill anywhere but in the markets or you’ll be left homeless. I’m an old fart so you should listen to that advice, up to you.

  • That is hysterical. Gary puts out a video explaining how gold is falling in his cycle work . . and it immediately rips higher. This guy is just sooo clueless.

    • Why does that not surprise me? Gold has clearly hit bottom and bounced hard. The move up first day was so powerful even the blind squirrels filled their baskets without effort. We are heading back to 1350 by my estimates do hold onto your hats. Should all be over by the time November is done.

  • Opp…now I have an identity crisis

  • So let me explain how this gold trade works.Today we will get a little more follow through on yesterday’s move. Friday will see a corrective move back down as traders who distrust gold try selling into the impulsive move. Over the weekend there will be analysis and fresh money will finally start coming back into metals markets Monday. Ecpect another powerful move. The short squeeze will have begun. We are going to get a rapid rise to the 1350 area after that and gold will burn itself out in three weeks time. Any questions?

  • Now for the funny part. Gold bugs are going to miss most of this trade and buy into the top once more. They have been conditioned for failure. The lack of comments on this site yesterday shows how much indecision they are suffering. If they do start buying it will be just as the first pullback is getting underway. Stung again they will sell before the next thrust higher starts. I know. I used to trade exactly that way until I learned the rhythm of the market. So a message to you suffering bugs….buy the pullback on Friday then hold for the ride up. This is the last time I will help you (seriously…it pays better when you guys lose).

  • Basically today Will be a little boring for gold. We need to see the chart set up for a Friday pull back is all. Just about anything else will be more interesting.

  • Beautiful weekly inverted hammer forming on the DXY – next weekly support is at 92.45, hopefully dollar will stay down today and that lower major support target should give a good kick up the arse to commodities at least for the next 2 to 3 months, bullion and probably stocks, SP500 needs to decisively take that rising 252ma before confirming bull on the move again for stocks. I prefer to see a double bottom on stocks though, give it a nice kick up after the elections if any of you bother to vote. The government always gets in so why bother?

    When the daily support of 94.84 on DXY breaks by 0.5% or more by the close of any day, game on for bullion. Trump is already wavering on trade war and he is trying to bully fed into reducing the pace of interest rates, both of those moves will kill the dollar stone dead.

  • 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.

  • Okay, who’s up for jobs guessing figures – it’s all made up so they can say more of less anything, i’m going for 242,000for a pre-election bullshit pump. Don’t forget this is the strongest and best American economy ever in it’s history, everybody is in work and unemployment rate is 3.7% but 96 million do not participate in the workforce, hmmmmm my maths ain’t great but that sure looks like a pile of BS but the whole show will die if interest rates go up to 3%, LOL . Wow – that strong, the economy is so awesome it is worried about 3% interest rates….

  • I apologize, missed it by 8,000, close but no cigar on this occasion

  • Classic… wonder if JP Morgan uses the same chart pattern?

  • My JNUG can be a harsh mistress with her patent leather stiletto boots and her whips and chains.I will obey mistress and do as you command.Please dont squash my nuts anymore!

  • “all the indices are moving up towards the falling 1 month average which is potential resistance” – teehee, said yesterday, that would be before today, 242000 jobs stated before the release – nice and red now ladies as it hit that squiggly line as predicted, this one is for you Anonyshite :0) – enjoy the caravan of love coming your way – be nice to your south American brothers and sisters.

    Hope you didn’t buy the dip on Apple Cakeeeeeeee

  • The internet is is the new “River” – your just prospecting with a pan. Just as in the Gold rush in California – the guy selling shovels made all the money, while the rest of you got played.

  • where is my 10000 piece of cake and 20000 not out of question?

  • never mind the bollocks.fuck em puked JNUG bought higher rates just in time fo da Happy Horseshit Holidays.America land of the debt junkies from hell!

  • Sold all my gold trades. Saw something I did not like and I am out for the weekend. Will assess again Monday.

    • But but but you said………

      • Ha ha ha! What did you expect? A guarantee? Things change. I change with them.

        • What I noticed Blue was that instead of a jump early next week we might get the opposite instead with the jump coming later. It was just a gold chart observation but I could not be 100% sure so I sold my 3X’s like SLV, JNUG, GLD and HGU. Still keeping the long dated miner calls naturally. All of those are already in the black and I have almost 5 months to go before expiry. Honestly, if gold falls again next week and miners dip even lower I will add more. Be a fool not too when they are selling for pennies.

        • To be honest I was a little surprised to see GDX up for the week. Two weeks ago GDX topped out at 20.39 and then sold off and ended the week near the lows of the week – volume came in below average. Last week was a big down week on above average volume and a lot of times there is more downside to come. The move up in GDX this week came on well below average volume so I dont expect much upside from here – not much conviction on the part of investors. GDXJ was actually down a little for the week. And I have no clue as to how to read the Gold chart and then interpret that to “play” the miners. I am strictly watching the price and volume action in the miners to try and determine what is coming next.

  • I spotted gold chart Nov/15-Jan16 to Aug/18- today on weekly. Comments? Don’t worry, be happy.

  • An answer to a question I just read.
    So if TIPS are falling gold is probably in trouble (gulp).
    Chart created by Scott Grannis (Calafia Beach Pundit)

    Article link:

  • Twisted traders in metals.
    Whipsaw Heaven last couple years

    • They will not. Their leader, gold bug Pegasus will lead them to the depths of hell, where they may belong. Non stop talk about gold. Its fools gold, you ass.

  • trade what u like like what u trade does it matter.y pic on da bugs.what u trade we pic on u.banannas,pizzas,old tires,trash trade what u like n stop wastin fuckin time bashin metals traders princess.

  • 10,000 piece of cake, 20,000 not out of the question.
    Too funny.

  • FWIW.I saw some shit on the charts I didnt like either so I dumped JNUG.Peg saw It lottsa people saw it and traded accordingly.I am not here to follow some wannabe guru I come here for support and reinforcement so suck it goombas!

  • You bunch of pussys need a hug and a blow job.

  • Funny how Gary puts up a challenge to try to prove how good he is only for it to backfire. Wont be long before he stops the challenge.

    Gary is a typical retail trader

  • Garys greatest challenge in life should be how not to get his foreskin caught in his zipper.stupid challenge for nano nuts traders.

  • all this talk about the bj is making me horny.i’ll pay to play,but only if its kosher.

  • yes,sleepy sunday.Everyone warm and safe in their place of worship.Hop in the,dad,the kids and off we we are dont forget to smile at the men and women at the doors with the AR15’s.tighten up your flak jackets and in we go for a nice safe peaceful day under the watchful eye of a plastic jesus.what could possibly go wrong.

  • This is Gary, if you don’t listen to me you are a loser.

  • Looks like gold will top at 1245 today and the pull back as far as 1210 before resuming its directionsl trend upward. My take this morning. We will see.

  • Now he’s posting track records form his subscribers (see above) – how about posting their statements? What a scam artists move.

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