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 15,394

  • Any update on Brave Tommy?

    • His account was utterly destroyed with GDX. Tommy was a bit of a gambler. Took a mortgage on his house and bet it all on Gary’s forecast that gold was in a bull market and miners were going to make him rich. His personal finances were ruined in the process. Last he wrote was he was holding a mountain of GDX calls that were quickly evaporating to worthlessness and I imagine he is dead broke and divorced by now even if he sold at a steep loss.

      This is a reminder to be very cautious when you have a guy like Gary pushing you to bet 50 or 100% of your account on a single trade. I am not making that number up either. At one point old Gary had a 100% trade going on in JNUG and he blew up all his subscribers accounts including his own with one bad move.

      Fucking retarded.

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    • Anybody foolish enough to click on the link above had better think twice. The only way for Gary and company to identify you is to get you to go to one of his sites so he can collect location data and that sort of thing. Or worse yet, you are being directed to a child porn site or something equally sick.

      NEVER open any link on this site.

    • We have your IP address and reporting you to the proper authorities.

    • Don’t click on it Gary is in them, gross.

  • January 3, 2019 at 9:59 pm
    Agree Kitten, we will have to wait. I held my short positions through the day refusing to sell for small money but with luck they move in the early part of the day. Tomorrow decides all. Unfortunately the way it looks is the whole day will pass until everyone is exhausted before we get clarity. Markets may NOT be bottoming this week and could still fall lower. I have an ugly number for the DOW hitting 19,000 in 8 days time. I can’t even be sure its right because it represents such a large move down but that’s what my chart is talking about. Could it happen? No idea. Tomorrow’s close will help me decide.

  • Gambling with stock markets does not pay. You have to read your Coppocks, MA’s and Bollingers like a pro. And never subscribe to a site that ironically calls itself “Smart Money”.

  • Attachment Gold_2019_01_08

    Rinse and repeat: Short Gold.
    1,296 = turning point, bottom may well be as low as 1,050.
    Off for today (with short in market), take care !

  • Use the TOR Browser to be anonymous when online!

  • SEC | CFTC | FINRA

  • Gary Savage, once a BS artist, always a BS artist. The fucker sees a rally in oil and is already called for WTI going to 80 -85 USD a barrel by the end of the year after a few trading days of action. Who does that? He is always promising or projecting wild price targets to lure greedy and inexperienced people in.

  • IF 2583 breaks to the upside then it’s a truncated wave 1 down changing to an ABC correction completion via 2347.
    Clearly 2600 should break to the upside if this happens (another bearish milestone argument squashed).
    Technicals have changed to bullish
    Sentiment has changed to bullish
    Black swan is China trade with Powell leading the doves.

    • I am really bullish stocks this week. And down on gold. Agree with Werner. Gold could get its ass KICKED by Friday.

      Excellent!!

  • Limited downside ……. unlimited upside.

  • Macaroni, that really is a sad story regarding Tommy. Back in the day when I was a subscriber, I saw examples of many subscribers losing HUGE unimaginable money jumping on Gary’s gold wagon.

  • We hit the infliction point I spoke of and pulled back. Today will be interesting

  • Kitten 2.0
    January 8, 2019 at 12:01 am
    2575 is infliction point. What we do after is the question.

  • 2580 intraday
    2581 e minis

  • CDE up 4pct.

  • At this rate, in another month or so.. bluebear87 should show up and post.

  • Get the fuck out of gold fast. It’s going to make a bloody face-plant into the curb (soon).

  • G-Anus Slime is right! No fuc$ing way – how about the last 10 years? That’s the problem with these idiots online that have no background in the financial sector whatsoever, they jump and scream when they get that 1 guess right however all of their past and present subscribers are broke a$$.

  • My LABU is kicking ass again today. I just love this stock. So predictable. Lots of liquidity too so easy in and easy out.

  • IWM leading the pack. A close over the 10wma, should confirm the ICL. Savage seems to think NYMO velocity confirms the 4 year cycle low. The jury is out on that one.

    BTW, notice how that SOB sounds like he got this move correct? He fails to mention he jumped in way too soon and went down 90 percent with his options. Not sure about his TQQQ position, but confident its underwater.

  • is LABU an acronym for Labia?

  • Huge buying of FANGS end of the day. Looks juicy for tomorrow.

  • They keep saying gold will correct oh it looks like kiss of 1300 again. Bears are dead meat

    • Kissing 1300? Robert that was like 4 or 5 days ago! A lot has changed since then. Gold needs a little sleep time since its worked so hard getting to this far. Five long months to go from bottom to top. Poor Goldbugs. Nobody expected that, not even me. I think it could lose 20 bucks in a few days though.

  • The US stock futures are in marathon mode.
    Shorts will relive 2017 all over again

  • OMG:

    IF 2583 breaks to the upside then it’s a truncated wave 1 down changing to an ABC correction completion via 2347.
    Clearly 2600 should break to the upside if this happens (another bearish milestone argument squashed).
    Technicals have changed to bullish
    Sentiment has changed to bullish
    Black swan is China trade with Powell leading the doves.

  • OMG: 2584!
    https://m.investing.com/indices/us-spx-500-futures

    Shorts are SO screwed
    It’s going be 2017 all over again.

  • Crude correlation:
    Because it broke past 46.25, SPX 2525 was a gimme.
    Because today it surpassed 49.13, SPX 2583 was a gimme.

  • Sir Elliott, time, soon, to use a new username and vary your words. And yes, I know, someone will say, “Shut up Dumbs!!!” So I say, OK and thank you!

    All, beware, Microsoft forced a restart on mine and I lost some minor data.

  • Stop being losers and pay for my rock climbing bills.

  • Morning all (well, at least morning over here ;)).

    Shorting the DOW today. Will exit at once when it moves above 24,110.

    Gold short still alive and kicking (+17% right now).

    Enjoy !

    • I would not short the DOW here. Where’s the benefit?

    • I think your gold trade could do well if you hang on Werner. It stands to move down violently if stocks shoot higher today or tomorrow.

      • We’ll see. As I’m in it since monday I give it some time.
        Adjusted my SL to my entry – loss impossible, if it kicks
        me out then so be it.

        On the DOW: I have an analysis here pointing towards
        the 18,8xx region (!) within a couple of days but that
        may well be a bit off. Right now I’m just following a
        possible retrace after 3 days of rising.

        Be careful, gents.

        • I saw a similar number near 19,000 but then had to throw it out because the chart changed. We will know soon enough Werner but the charts appear to have taken a bullish turn. At least to my method of charting.

  • >2583 “inflection point” translates to 2650 resistance to and from 2525 vs doom and gloomers 2100 let alone zero chance of 2347.

    • Can you chart that Elliot? What is the importance of your numbers?

      • Don’t do personal charting per se but am a study scholar.
        Crude started the slide and now started the rise.
        The masses do not realize $WTIC did a double bottom however the $CRB has done a triple bottom unlike the US Indices has done a V bottom.
        2019 will be another 2017 rise.

        • Ok. I am working on a chart that warns WTI has not hit bottom yet but I see where you are coming from. I don’t know for sure yet but its my expectation that crude could still slide to the low 30’s before its all done.

          • Anything is possible.
            For now the trend is up.
            The so called happy median would be $50 to $60.
            Wall Street would just be fine with that and so will the consumers.
            History shows the sweet spot is @ $55.

  • Inflection points of correlation I.e. support/resistance junctures or pivot points if you will.

    • Link any chart and I will be a happy man. I’m totally visual. The words dont stick as well.

      • Been trading like this for over two decades.
        Subscribe to a couple cheap sites from time to time but always rely on my so called gut trader instinct and visually self taught charting predictions but no fancy charting software for quite some time.

  • Crude is climbing to new intraday highs.
    $52.50 is in the cards.
    US stocks will rise in conjunction.
    SPX 2650.
    The masses are overwhelmingly short.
    Love this tape action because it proves them all wrong and not deservingly gives them worthiness of being professional occupatinally speaking.

  • The trend is your friend.
    SPX bounced from her 200 wma which is also her 10 year trend line which no one is talking about.
    The media is blind and ignorant or are they?
    Correction yes bear market no.
    Many scholars use history to predict.
    How can you compare when the variables have never been the same?
    You just can’t.

  • I just realized January’s weekly bottom is equivalent to December’s!
    https://stockcharts.com/freecharts/gallery.html?Spx

  • So there is a trade agreement according to Zerohedge. We won’t get a formal announcement until tomorrow (Thursday) but its safe to say markets will buy this rumour and jump today. Better be careful Werner or your DOW short will run you over. The tone of the trade reps is positive. Why the need for a one day delay is unknown but I suppose they have to be sure Trumps mercurial nature doesn’t cast too much cold water on it before its formally announced. Either that or Wall Street is asking for the time to get positoned. Its already on the charts anyway. Apple will be above 160 tomorrow. A huge jump coming.

  • And right on cue the very next story out of Zerohedge is bad news for Apple which is cutting I-phone production. So now we know the agenda. Tomorrow will be a strong “up” day for markets so it will pay the Vampires who suck blood on the indice teets to push prices lower in order to magnify the opportunity. Be wary of bad news stories today that are little more than a form of psychological warfare with an objective in mind. At my house we will double down on any weakness that comes, never fearing that we are making the wrong decision.

  • I think this site just got an upgrade. Nice…it looks better….

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