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 14,924

  • Losers you need to pay for a sub so you can start making mad m o n e y.

  • The entire market prognosticator industry sadly demonstrates the ineptness of the trading general public as a whole. All of these guys that have walked off the street usually in financial turmoil looking for a new gig turn to selling financial advise for a fee shows how gullible the general public really is that there is even a market for these turds.

  • Don’t be a Jabroni Gary needs your cash, subscribe today.

  • So much for the end of year rally.

  • Timber! There goes the weak ass SM

  • Dollar green. Oh shit.

  • Gaps filled!! Start buying boys. Show starts RIGHT NOW at S&P 2743.

  • Come on people. This is just a corrective decline. It’s nothing to worry about. Don’t get shaken loose selling shares cheap because Thursday is going to be like wowzers.

  • Oh for Gosh sakes…where are the Elliot people now to explain all this to you.

    • EW person here,

      It can go up, down, sideways. I’ll let you know I called it because I have a wave for every possible outcome, therefore I’m always right!

  • Vix not going up, this decline has a long way to go, no panic yet.

  • The bear is upon you forkers and you do not even realize. Bull is dead. I will make sure of that in Jan.

  • Hey guys, the SM is fine. Got a little stretched over the 10dma is all. Just need to bleed off some energy.


  • Wall street just stole all your shares.

  • Everyone was expecting EOY rally, but bears are not going to let them escape their longs.
    The bounce off 10dma will revert and collapse soon enough.

    There will be not escape before Jan this time
    . You are stuck with me in 2019.

  • They thought a serial con man would save them. LOL

  • Kitten what are you thinking?
    S&P 2710 support?
    I’m perplexed ……..

  • Gold is money.Miners are stocks.only a 20% chance the fed wont raise this meeting.what they say will have impact,like today.what they do has lasting effect.we were told this shit years,the fed will only raise rates so they can lower them.spring 2019 coming can trust me i am a nice person.

  • What a vicious sell off. Looks like the 10dma held for now. /ES

  • Thursday should be a fuckin doozie.

    • Attachment Expanding Wedge is completed on DJIA Dec 4 2018

      The decline has ended and I can prove it with the chart linked above. If you added to positions at today’s lows you will be rewarded when markets open Thursday. If you have not bought yet then you can relax and not worry there will be further damage to your account. In other words, its already to late to sell into the panic so plan to get back into the game instead.

      Gary always claimed technical patterns were a bunch of hogwash. Yet look for yourselves. Other technical methods were unable to pick up the obvious warning signs in advance and yet they were there all along. I am just sorry I did not see it to warn you guys beforehand.

      • This chart isn’t Ellliot wave oriented because a truncation has taken place.

        • I didn’t claim it was Elliot Wave, Blue.
          It has nothing to do with EW at all. It is a line chart identifying points that prove a pattern existed prior to price correcting. Secondly it is good evidence the correction has come to an end because price terminates precisely on the lower channel line.

          • Why no 5 or 6 label?

          • In other words I just gave you all the information you needed to start buying again without worry.

            What the fuck else do you want for free (while you are complaining about the name of the the thing).

          • Maybe you can somehow incorporate it your own analytical method.
            I’m always learning about new technical analysis tools.
            I figured the numbers have significance

          • Wait til he asks you what time and date you entered and exited. And Hello to all!

          • To Blue…there are no labels for 5 or 6 because they would only cause confusion. You only need the first
            3 or 4 points to get the trading pattern and then its up to you to do the rest. That chart isnt exactly historical research. It merely points out that a highly reliable pattern was in fact present all along. For me, the failure was in not recognizing what was happening early on but in my own defence I’m not an equities analyst. Most of my energy is spent on precious metals.

    • Pedestrian!!! Welcome my friend!! Great to have you back. I already like the comments, keeping coming!

  • hey kids.CVS is having a diaper sale.

  • Nikkei fallen before US indexes..
    Nikkei is very important index sometimes front runnnig US stocks .Keep an eye on .

  • Charts are for fools and naves.

  • Ped the trend lines coincided precisely on the Nasdaq as well however Russell and S&P no …….

    • Noted. Ive been checking through all my charts and you are correct. All I can add at this point is I’ll be better prepared next time.

  • I think the DJIA is no longer a leading indicator.
    S&P more so than the comp

    • S&P wasn’t predictive with this method but DOW was so to its become the chart I need to start watching for the same reasons I watch Yen to understand gold.

  • Geeez, that was quite a session: Order got filled but sold right away because
    of my SLs, therefore 11% loss. PLUS I didn’t re-buy at the (new) low as I was
    not online. Gotta lick my wounds and buy again at these lower levels.

    Enjoy your US-holiday !

    • Sorry to hear Werner. Im obviously curious to see how Canadian markets open. Hopefully they work according to my theory this was a bottom.

      • No prob, Pegasus. That’s what this is all about: Win some, lose some.

        Mind you, the final result should be positive. 😉

        Futures over here currently show a positive picture (+0.5% for the S&P500)
        but this of course is pretty much meaningless for the moment, as there will
        be no cashmarket today.

        I’ve already opened a first long postition, maybe enlarge it later on when I
        see another drop. Factor is 27 with KO at 2,628 and currently no SL set.

        Enjoy !

        • Attachment TSX - Doubts about a Christmas 2018 stock rally

          I’m looking at the TSX before it opens today and puzzling about the chart. It too looks positive suggesting the Christmas rally is still going to happen but there are problems with the chart that are giving me a headache. Price is on top of the support line but its imperfect and leaves some doubts in my mind.

          I may wait until tomorrow to be sure US markets go in the right direction before getting active.

        • Sold position again at +/- 0 as after some further consideration
          I now expect a further drop. My gut tells me so and I listen. 😉

  • 2603 is the bottom
    2710 is the next support
    Futures suggest Tuesday’s close may be an undercut event bottom

    • Can you chart that for me Blue?

      • Thats a challenge Blue because you’re asserting as though its a fact. All you are working with though is a single point that forms the October low. I have another chart I have not posted yet that warns the S&P will crack lower in the New Year an deliver substantial losses to anyone believing this correction has finished working through its bottom consolidation.

  • Everyone is a genius with the internet and a chart. Banks are still doing dog laps.

  • Market is not moving today! Super right range!

  • Ped amateur free charts coming soon granted my AAPL smartphone will allow pixel size:

    That’s the problem with fake news and naysayers alike manipulating investors into forecasting a bear market vs as you say and I agree a normal correction (2017 digestion into new all time highs IMHO).
    FED now dovish
    China tariff issue will be remedied
    S&P record earnings growth continuing into 2020.
    Unemployment at an all time low
    Inflation no where in sight

    Fun fact: only two times in history the stock market went from all time highs to a bear market …….

  • FED cuts rates come December 20th?
    Very possible to boost the stock market IMHO ……..

    • Fed will raise in dec.probably 2 times early 2019.China continues to eat our lunch.S&P earnings down,down 2019.Unemployment too low need it high for lower rates.Inflation crushing us now everywhere.Gold lower then……… me honestly.

  • when theres blood in the streets wear boots.when theres blood in your pants go to hospital.

  • Ped never did have the best track record back in the day on Gary’s free blog let alone here.
    Me not perfect either
    Gary 2/9 ratio
    Ped less than 50%
    Me higher for sure

    • I’m not Ped but I use the name as a joke to make Christian crazy because he thinks I’m Ped. I could have called myself Mustang Sally because Gary thinks I am Mustang Sally. Or I could just come up with a new name but what the fuck is the difference….

      Really, what is the difference?

    • You were higher cause you get kicked out sooner.

  • We are all anonymous

  • Attachment maxine-waters-rdx-jef-180626_hpMain_16x9_992

    I told you white devils that the 10dma would not hold. No escape honkeys! You are mine come Jan. The banks know it and you crackers will soon recognize! Shiiiit

  • Futures dropped on open… why is that??

  • Thinly traded manipulated overseas markets
    Algorithm sold the failed mda failed junctures Tuesday going into Wednesday night.

  • Well so much for the wannabe Ped charting of trend line buy signal from Tuesday’s close

  • 1st quarter 2018 we tested three higher lows before heading to HIGHER all time highs.
    We are amidst the third higher low aka 2650

  • WINNING again my American 50% approvers! Look at your brokerage accounts, down again this week, you will ALL be my slaves forever!

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