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 13,506

  • I will just add that I am getting despondent about gold. Time to look elsewhere. What a screwfest it’s become.

    • Yah its a real ball buster like my first wife but I think this will lead to a swell buying price after this street sweeper nutcracker.Never seen the likes of this in the metals.Wait I know what to do buy Disney,Baidu,Amazon.the BADs oh i am so clever just like that Gary what the fucks hhis name.

  • Attachment see2

    FINALLY: “I will just add that I am getting despondent about gold. Time to look elsewhere. What a screwfest it’s become.”

    We got one that can see!

  • those highly leveraged oil guys and miners are going to start….already are….dumping product and closing down shit just to keep the lights on and pay their hookers and coke dea\\\

  • Inverse Head and Shoulders patterning looks nice on /ES daily.

  • LMAO. When even Gartman is outperforming Gary, you know just how bad Gary is!

  • Just relax after awhile you’ll get use to it… just relllllaaax.

    • Yeah sure…That’s what they told that journalist at the Saudi Embassy just before putting him in an acid bath.

      Relax…this won’t hurt a bit.

  • NASDAQ 10,000 – When, when!! Cake now.

  • Gary’s open option trades:

    Dec 176 QQQ -31.7%
    June 170 QQQ -23.1%
    June 165 QQQ -6.7%

  • Today @ 2pm was the second higher bottom here going forward since three Friday’s ago via MY S&P 2603 bottom call.

  • Hi folks, I’ve intermittently been a SMT subscriber first starting around 2009. At times I was up 80% only to suffer a drawdown to bringing me down to break even. I don’t bear anybody any ill will. I’m curious, do any of you recommend any subscription service?

    • Hell no!you can get what u want free from a 100 different sites. Man up learn the basics of charts and u decide what to do then when u fuck up……we all do… have to be responsible for all your trades.its all on you dont put your money in anybodies pocket.start small use stops build confidence in you own ideas not…..certainly not losers like Gary and others who are trying to enhance their trading bankrolls with your monies.

  • Gary Said: “But whatever you do, don’t try to short the advancing phase of a new intermediate cycle that’s only on week 1. That’s just outright insane!”

    OMG! Am I insane?! He called me nuts! I am miffed! If I ever get a crack at his hairy ass again, I am going to cum all over it with my man goo and leave! I never!

  • Gary’s latest bullish call per US stocks are spot on IMHO

    • And what exactly is it you respect about Gary’s calls, Blueballs? Is that some kind of propaganda you are spoon feeding us lately? In case you forgot the case is already closed on Gary and the verdict has been delivered. 12,000 comments on this site have already proven he’s a complete fuck up. So stop trying to rescue his ass because he makes one or two lucky calls. Even the ugly one-eyed hair-lip in high school managed to score from time to time. But that wasnt enough to make her beautiful. And Gary is not getting any free passes here either. So stop promoting that fucktard.

  • Attachment Positive or negative you decide

    Clinging to thin reeds in a dirty gold bog? Hell I don’t know. Maybe I’m getting desperate to find a reason to believe so I’ll post this chart and let you decide if its meaningful. The Swissy has hit bottom for a third time this year and *may* bounce next week. If it does the prospects for gold could improve substantially since CHF is a defacto gold currency.

    We will watch and let the market decide. My only hesitation is that Swiss Francs are not correlating with gold quite as tightly as usual. They are leading though so if it does bounce then a gold move may be in the works some weeks down the road. Not that surprising really since the seasonal strong period for gold is not that far off anyway.

    Like I said….I might be getting desperate!!! LOLOLOL!!

  • somebody needs a high colonic.Gary is a fucking phony.I never gave him a dollar but followed his work and it never gave me anything actionable just didnt align with current market action.I mean the guy is a pro prick teaser.have a shot of tequila and calm down.

  • You know what?

    Screw gold. Why not just buy CHF. There are a ton of PIPS in that move and the bounce is probably 95% assured with a target of 1.09 between now and the end of December.

    • Problem is that my swiss bank is charging me for my deposits in CHF.

      In other words: I do LEND them MY money and have to PAY for it.

      Only reason for me to keep it running is that it’s out of the bastard
      EU-system jurisdiction run by bougeois arm-chair socialists in f*cking
      Brussels whom I don’t know and haven’t even voted for.
      Excuse the rant.

  • Attachment USD-CNH may be double topping -If so gold is going UP

    OK, here’s another currency chart to put you guys in the mood for “gold love” next week.

    This is USD/CNH and it is making a “double top” just as the Swissy is making a double bottom. Is it a coincidence? …..of course not!!! Everything is connected. We all know that. What matters to metals right now is what these currencies do next. Both imply a gold bounce if they reverse. Traditional technicals on the other hand are ambivalent and indecisive.

    Perhaps the picture above is all we really need to decide.

  • Attachment USD-CNH may be double topping -If so gold is going UP

    OK, here’s another currency chart to put you guys in the mood for “gold love” next week.

    This is USD/CNH and it is making a “double top” just as the Swissy is making a double bottom. Is it a coincidence? …..of course not!!! Everything is connected. We all know that. What matters to metals right now is what these currencies do next. Both imply a gold bounce if they reverse. Traditional technicals on the other hand are ambivalent and indecisive.

    Perhaps the picture above is all we really need to decide.

  • D*mn, missed the bounce in WTI because I was too afraid to pull
    the trigger on friday – that paper’s at +78 % as of now. Watching
    closely now for an intra-day pull-back.

  • So anyway…Swissy broke down. That didn’t take long. Around here we get our answers quick.

  • The thing I hate most about big obvious technical patterns is that if I see it so did everybody else. And then they fail to work. It seems to be chart specific. You can trade those same patterns on an hourly but they are often useless when it comes to daily and weekly levels. More often than not they mislead. Its a 50/50 proposition at best. So when you see big obvious patterns it can sometimes pay to take the contrarian bet. There are better ways to read charts.

  • Attachment WTI

    To pick up the oil-idea again: I took another look and came to the
    conclusion that I’ll await another leg down into the $57-area as it’s
    the 61.8-Fibo-level. I know this is very much a geopolitically driven
    commodity whose price is not really comparable to “normal” assets,
    but I think it fits in this case as current oversupply and lack of demand
    point into the same direction. Upcoming war(s) is another story then.

  • I was rock climbing sat and got bit on the testicles by a rattler.Now my balls are as big as a melon.Do you think they are infected?

  • Stocks preparing for yet another swing to the upside
    while everyone and his uncle talk it down.


    Will watch the DOW, maybe go long again tomorrow.

  • Undercut AGAIN! Gary sucks.

  • I hate..hate…hate gold!!!!

  • Fuck this..throwing in the towel. Its going down like a rock as usual. Hopeless.

  • Now watch this beautiful DOW recover today’s losses into the closing.
    * MPGA (Make my Portfolio Great Again) ! *

  • for fucks sake hold yer horses cowboys.time to buy what ever u want at pennies on the dollar is ahead.the mo is down and taking all with it.wait for it.oil looks good and then it could drop ten bucks.heavy margin calls could drive this mkt into the dirt.this does not look like a quick turn anytime soon.

  • Who was it that said JNUG would drop all the way to 6.66?

    Well you got your wish, man. I doubted it but here we are at 6.66 just as predicted.

  • and the man in the suit has just bought a new car on the profits he made from your dreams.

  • And gold-future is below 1,200 just as assumed earlier on.
    1,160 here we come.

    Not entered the DOW long yet as I assumed it would recover
    yesterday until markets close. Didn’t happen, I was wrong.
    Will surely monitor this further as it closed some gaps now
    and Buying On Weakness was STRONG yesterday (S&P).

  • You know Werner…my charts aren’t worth snot lately. None have been reliable or predictive. Like something changed but exactly what is not clear. Until I can figure it out I am going to the sidelines.

  • Attachment DOW_Fibo

    Look at the DOW close to the 61.8-Fibo-level (25,526).
    Be ready to jump in !

  • Attachment S&P_inv_SHS

    The S&P500 shows a really neat inverse SHS-structure right now.
    If you like it better, go long THERE.

    • Werner…I am just reading that crude oil is in its 12th day of declines and is posting an all-time record for consequitive days in a fall. So Im not thevonly one in the room confused about whats going on. The chart pattern DID break and delivered a very unusual bearish impulse. Gold incidentally will also be in an extreme 8th days of falls and that is the nost for this year. So I will hold for a bounce which is not merely a high probability event at this point but is virtually a guarantee unless the market is completely broken. Long live statistics!!!

      • All that being said I am still getting beaten by the market because I never saw it coming. Praying for relief so I can at least get a breakeven exit. Commodities may be doomed this year. Italian antics are hurting the euro and the dollar keeps rising as a result. Armstrong has been talking about the potential for the euro to disappear alrogether. It could happen in 2019\2020 which implies commodities are heading to record lows not seen in decades unless they break their corelations to the dollar. I am convinced this is when the Yuan will make its entrance as one of the global reserve currencies. The world cannot function with a unipolar dollar. It is Yuan or it is gold as the alternate. And thats not so crazy when we consider the euro has the role of trading positively correlated to gold. A unique role that is now being conferred on Chinese Yuan. It should be obvious the next big trade will be Yuan\dollars as it enters currency markets in perhaps 2 years time. If euro was gold and then it is gone the only obvious destination or alternative considering economic size is China so lets start adjusting to that idea now. And if the entry is during the next commodities bull then Yuan should strengthen considerably along with golds rising star.

  • Hang on in there, Peg. You should know
    how this works (or not).

    Looks like I’m incorrect with the stocks,
    futures dropped b4 the opening. Maybe
    it’s because of Gaza-probs, let’s see.

  • To “Anonymous” above: Yes, KO = knock out.

  • To “Anonymous” above: Yes, KO = knock out.

  • Kudos to Swiss National Bank who showed perfect timing with their Apple-exit. 😉

  • I’m really glad I did NOT enter WTI as early as I first intended to.
    Peg, did you get out b4 the drop just now ?

  • Hey Werner, I’ve been lost in the internet twilight zone. Offline for hours for some reason and missed most of the trading day. I am not out and I’m not selling tomorrow either. Everything is tied up in options and there is plenty of time for them to work out a solution. So I am fearlessly weathering the declines in both gold and oil because I am a sissy who buys stuff with expiry’s in mid 2019 (call it low trust if you like).

    Unless the world comes to an end I am going to make money on my bets. Just less than predicted is all.

    Look at the brutal decline in crude as an example. Twelve long days into the pits of despair but we are now at a bottom by my estimation. Both oil and gold will get bounces beginning this week. But in the case of crude you can see from the daily chart that price has pretty much gone straight down without a break since October 2nd.

    That’s only the first leg down of the expected decline.

    If oil follows a typical (and expected) three wave Elliot pattern decline we will now begin setting up for a fairly strong relief bounce and I will sell into one of the Fib retracements that looks most likely to prevail. We could easily see a relief rally run for two weeks before oil turns back down again and that’s basically what I expect.

    Today’s drop is the market scaring the shit out of the oil longs and drive some capitulation selling. We are now at 98% bears and 2% bulls so its time to start shopping again. Like I said…..fearlessly man. This is no time to be running away. Blood in the streets and all that jazz.

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