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 13,506

  • Gary is the perfect contrary indicator. He says no bear, that is how you know it is a bear.

    • Actually.. what Gary says is that the bull ends in 2019.. that’s why the bull will continue for years to come and bluebear87 makes a great point with the 4th industrial revolution.

  • Gary needs to report as soon as possible.

  • Outrageous lie in Gary’s recent blog report:

    “The SMT metal portfolio is up 6% so far. I haven’t been able to accomplish much of anything in the metals so far this year. But the SMT metal portfolio is the only portfolio from last years winners that has been able to add to those gains this year. Over the last year and a half no one has beaten my combined return.”

    Gary bought dec gdx options at 1.55 and closed at around. 20.. he had over 15k in that pirchase.

    • What? Are you kidding? That bet was 15,000 dollars? Totally insane. It never occurred to him to spread the risk around a little? He had to put it all on one single bet. Fucking crazy man. Just rabies-bat ass crazy.

      • I shit you not.

        • Like I said, Rabies bat-ass crazy.

          You know I could see 2000 dollars (maybe) on risky calls but 15K is pure gambling and I think he was just throwing the dice and praying to score a Straight Flush or five Aces just so he could toss one back at Avi and say “See man, i’m better than you”. Gary’s an addict I think. Hooked on risky stuff like hanging off cliffs and wagering everything on a single throw

  • Kitten yes FINALLY someone astute sees the light …….
    This is why I am so adamant about NVDA who is in the forefront of sectors of interest.
    I own 8 other companies associated with other fields within.

  • Cryptocurrency segment was only 5% of their revenue stream.

  • Nice open.. Dow surges 400 points on the open.

  • Nice futures!

  • Get me out of here.

  • Won’t be long before Gary starts pounding his chest NASDAQ 10k crap again.

  • Yea, that too

  • For the first time since Oct 8 the S&P minis are OVER their 50dma let alone above their 200dma and 40 wma from Friday (closed at their resistance mark)

    Pie in the sky NOW in the making …….

  • Lovely gap-up in the stock-futures right now.
    Xmas-rally finally ahead. Enjoy !

  • To da mooon and beyond! Slobber Gavage told us so and the attacking lap dog backed him up. Must be true.

  • All eyes on 2816..94 ……. 3K target

    • Futures touched 2,813.5 but were rejected for now. We MAY see a drawback
      on the cash-opening before this gets higher (“sell the good news”). Might be
      a good opportunity to join the (long-)club.

      • Also keep in mind that the gap in the S&P500 at ca. 2,764
        should normally be closed before this goes up and away.

        • Werner as you know shenanigan behavior of crooked Wall Street likes to either pump OR dump at extremes pre opening then turn it 180 on a dime.
          I’ve seen this happen time and time again treading crude as well.
          In fact I prefer it to fall into the open as it’ it doing now versus a blowoff obvious top.

          • Hi BlueBull,
            I won’t enter b4 I see the mentioned gap closed.

            WHEN that’ll happen I don’t know, but I’m ready.

            As you say: Don’t get fooled by hefty rises after
            news like the G20-narrative, better wait a bit.

  • There is SO much pent up energy that it’s not even funny
    You can feel it literally in the air
    Shorts haven’t covered 100% just yet.

    Look at January 3rd 2001 when the FED reduced interest rates during market hours ……. Nadaq closed up over 14% that day alone.

  • Werner also the infamous 10am buying dip could be at play here given the mechanics

  • I hate gaps. Let’s get em’ filled

  • Getting closer… 😉

    Snowflakes will be scared and lose money
    when their shares are picked up later on.

  • Where is Pegasus? Figured he would be taking a victory lap..

  • BOTTOM line:
    SPX ABOVE 50/200 dma and 40wma.
    Resistance NOW becomes support.
    I’d rather see it zig zag up …… more healthy oriented vs straight up phenomenon
    Simply digesting Powell’s speech IMHO

  • When you shit yourself,don’t sit down.

  • “Go back a few pages. I said 1254 so you have me confused with someone else.”

    I guess it was the REAL *Pegasus* that said that.

  • Pegasus, you cant keep up with your own bullshit;

    “The *Real* Pegasus
    November 29, 2018 at 1:22 am

    I’m going back in tomorrow and damn the torpedoes. I’ll be buying higher than I would have liked but if this is the take-off point I’m not about to miss it because the gold season is upon us. This long overdue move could be taking us up near 1400 dollars so there’s a ton of money if its the real deal.”

    • Oh Jesus Murphy, you finally caught on there are like 5 different people posting as Pegasus? Try to keep up.

      • Well damn peg.. then you have padding on every call you make.. you get it wrong, oh it was the fake pegasus.. you get it right. Oh it was the real pegasus..

        • Plus you don’t know diddly about gold. It’s obvious to everyone that gold will need drop to 1200 in December before it can start the January rally. Why do you even waste your time? Gold almost never goes up in the fall. You need to wait until middle December at least. Then watch, its going to blast through all your bullshit chart lines all the way to 1500 dollars this year.

          • So you are calling for a 300 dollar rally starting in Janaury? Whatever man.
            Since my technicals aren’t worth squat then let’s go with your ideas for the next few months.
            I give up on gold.

  • I think they mean the top of gold downslope channel- a chart you posted. At the time, I think you stated that 1400 was the most to be expected before turning back down.

    To Picky, who cares? 1180 not out of the question and thus, achieved. And the cake only about 10 off. No second helping @1120. Picky one, let us see some leadership from you.

  • I like my ass the way it is. I slap a pizza on it every so often, and my boy shoots his man goo on it. What a life. I bet you can’t lick that spot between the balls and the ass. It’s magical. Here comes my boy. He’s got a load of goo. Man goo is goo-goo-good!

    • The site can not seem to shake the infantile obsession with sexual preferences. I really could care less what someone’s sexual orientation is, but the disgusting references will take away any perceived legitimacy of the site.

      For the children that keep posting this nonsense, know you are only hurting the valuable message this site is trying to convey about Gary Savage. Enough already..

  • Good luck to the DUST buyer in the crowd. Its all about the dollar he said. Well yeah and the dollar is going down so you made a mistake. I told you all to buy the other day. Signs were there. Unfortunately I ended up listening to you negative types instead of following my instincts and charts which were correct. Im talking to a bunch of morons (Gary and his sidekicks) so waste of my time.

  • PS…..gold is up 37 dollars since I wrote that post to “buy, buy, buy”. Its hardly chump change. Bunch of fuckin retards on this site.

  • Attachment Big-fat-double-bottom-on-gold-768x382

    Go go go ….Gold. This was my chart from November 27th the exact day that gold bottomed. And some retard on this site chimed in that information on 5 minute charts was worthless. Well then keep this in mind because the smaller degree charts ALWAYS spot the moves before the rest of the market catches on. Had any of you listened to me you could have picked up dirt cheap miners and penny calls well ahead of the crowd. You would be swimming in cash today instead of arguing about whose dick is longest!

  • Yep. Agreed. After this mornings candle I think it’s safe to assume the dollar is rolling over, although I’m fairly certain Powell’s speech was the catalyst. VectorVest’s midas touch system is also lining up for a bullish posture on gold miners.

  • 5,000 a piece of cake. 1,000 gold in the bag.

  • Don’t listen to the fake Pegasus’s on here. O stand by my prediction. Gold is going to 1400, damn the torpedoes I am long and strong.

  • SM filled the gap, let’s rock bluebear87

    • Not quite, Kitten, that’s why stocks are tanking right now.

      Levels to watch in the indices:
      S&P 2,765
      DOW 25,590
      NAS100 6,969

      Maybe they are trying to paint a perfect gap-filling picture.
      Let’s see and stay alert to enter.

      Shame that I got a meeting to attend later on, so I won’t
      buy anything today as I can’t watch and act if necessary.

      • I don’t know if I would say “tanking”, Werner but I do think they are trying to scare some fish out of the pool.

        Stocks going up today. When?….I don’t know. Just don’t know.

        • Final wave down coming to close gaps, watch closely
          as they are turning up again. Got buying orders in at
          the levels given above, all set including SLs at -10%.

          Gotta go, 1 1/2 hours ride in heavy traffic for me.

  • Stock markets will be all green by 10:00 am and I am expecting a strong move up by the time today is over.

  • Almost all of the idiot talking heads demonstrate Sociopath elements.

    >>Lack of empathy: Difficulty in empathizing with others or understanding the emotional consequences of their actions.
    >>Narcissism: They often have strong self-love and grandiose self-image. This occurs because of low esteem and delusional beliefs.

    >>Charming: Although most sociopaths lack empathy, they are capable of mimicking and manipulating emotions to appear charming and normal.

    >>Secretive: A sociopath doesn’t feel the need to share intimate details with others unless it is to manipulate.

    >>Sexually deviant: Since they lack guilt, remorse, and emotional attachments, sociopaths tend to have affairs and engage in the questionable sexual activity.

    >>Sensitive to criticism: Despite their lack of empathy, sociopaths desire the approval of others. They feel entitled to admiration and are quick to anger when criticized.
    Impulsive behavior: Sociopaths often live in the moment and will do what they feel is needed to reach their immediate goals.

    >>Compulsive lying: Disregarding the truth to make themselves look better or get what they want.
    Needing constant stimulation: Sociopaths often get bored easily and need to be actively engaged.

    >>Addictive Behavior: Their compulsive mindset may result in addiction to drugs, alcohol, sex, gambling, or other addictive behaviors.

    >>>Criminal Behavior: Criminal activity associated with sociopaths could include theft, assault, or destruction of property.

  • Peg.don’t get your panties in a knot.this is a rope a dope gold mkt.

  • I think Gary is correct on his assessment of his latest blog post.

  • Well we are off to an OK start, but gold needs to make a new high and stay above. It is certainly being contained in a tight range

  • 10,000 is going to be a piece of cake. 20,000 is not out of the question.

  • Kitten at first it appeared overnight s&p futures needed to touch 2272 aka 50dma but went slightly under so I’m inclined to thinking 200dma/40wma aka 2262-2263.

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