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


IMPORTANT: Third parties may submit comments on the Blog. Any third party comments published on the Blog are third party information for which website owners takes no responsibility and disclaims all liability, and the above disclaimer applies to any such third party comments.

Comments 14,924

  • Werner Dec 10 lows is more important to be above hence my fascination with a truncation taking place which interrupts the continued slide and gives it a legit correction phenomenon vs a recessive Bear.

    • OK, that was (low of the candle on MY radar) @ 2,585.
      I do not get your agument atm. I’d rather use the high
      of dec 12 (roughly 2,687) to judge a continuation of the
      bull once THAT is left behind. Different perceptions. 😉

  • You guys don’t know shit, you need to follow me, all my trades are winners

  • I’m a really clever guy, an estate agent like Werner and i’ve done a bit of insurance as well, i use phrases such as “truncation taking place and legit correction phenomenon and recessive bear”. I do apologise for my earlier outburst but only retarded idiots who work in financial services use these type of phrases so i am conditioned to repeat myself. Note to self, if the trend is up buy it, if the trend is down sell it, pretty simple stuff even for trump supporting trailer trash like myself. Message understood, over and out.

  • I’m totally fascinated with my truncated knob, at last i’ve had the operation i’ve been saving up for, tried to make it trading but kept losing, to had to flip burgers instead, took me years. Unfortunately, i’m still depressed as ” there’s still just something missing, you know”.

  • Is that really YOU or (once again) some imposter using
    “your” name ? If the former, than I think we may have a
    misunderstanding as I simply stated my opinion which
    could OF COURSE be wrong. Otherwise may the imposter
    be proud of himself as he got me fooled.

  • The DOW is starting to form a bearish triangle since the low on dec 26.
    If it falls below 23,660 the danger of dropping much further comes up.

  • Imposter yes
    Me in the financial biz? No of course not far from it
    Self employed and 180 degrees the opposite field wise

    • I thought so (imposter) as the sub-tone wouldn’t fit.

      So we have a thing in common: We are no traders who
      do this thing businesswise but merely for fun (and some
      woohoo-money now and then). Maybe that’s the only
      way to cope with this all – be free of pressure.

      180 degree opposite = an agricultural guy ? If it is then
      you’re giving a gift to humanity as every1 needs food.

      Gotta leave, fighting session three times a week. As
      the markets flatten my nose, so do others…

  • gold will not see 1280 today maybe another week to 2 weeks out

  • Maybe I’m crazy but I think we get a squeeze higher today. Looks OK so far but running like molasses.

  • Sir elliot is bluebear87 guys. So Werner he is an imposter, but not a troll. He didn’t want to get hassled for his NVDA outlook so decided to change handles is all.

    • NVDA was affected due to China trade constraints and APPL’s kissing cousin demise.
      Longer term she’s a keeper and a buy here and holder till 2022?

  • In fact I am sure of it. Shorts are about to get their asses kicked in 3, 2, 1…..

  • 3,2,1,0……Oh puleeeeeze!

  • Every technician is saying we are going back to 2347 or lower which I find ridiculous.
    I would go against the odds here.

  • This site sucks. Haven’t been here in few months and two bumbling idiots, mustang Sally (ped) and Werner are posting away with chimp blather all day.

    • Agree. Some of the better traders are not posting.

    • Thanks for your contribution Ted. Lets just heap it atop all the other crud that gets dislodged from the keyboards of the collection of imbeciles who drop in from time to time with nuggets as worthless as your own while expecting a civil reply in response. Bravo Ted for proving the old adage that its better to keep your mouth closed if you want to avoid flies getting in.

  • I am the NEW BEST trader out here! I picked the bottom of this correction. The Apple Bottom! I LOVE APPLE BOTTOMS!

  • Ever stick your finger in your ass, smell it, then wash your hands, and smell it again, and the smell didn’t go away?

    Why is that?

  • Pussy yes gayball

  • Ever have a girlfriend in high school and when she took you home you discovered her Mom and next thing you were screwing her Mom and trying to keep it a secret from your girlfriend. And then you discovered the truth about women because Mom didn’t give a shit about her daughters feelings when it came to sex. She just wanted some with an 18 year old. True story.

  • I bet my life savings on Gary’s call for 10,000 NASDAQ and now I am homeless. Thanks Gary!

    • Lucky you, I took a second mortgage on my house and also my parent’s condo. Also took out cash from my credit cards. Now I will declare bankruptcy and everyone will live together in a van. Down by the river.

  • Ever been told you look like John Travolta twice in a 24 hour period?
    True story.
    Never happened again and most likely will never happen again.

  • So John Travolta, I figure gold drops to 1275 this week. Maybe even today.

  • Why did I write naked puts, then double down on them! Gary I hate you.

  • I’d rather see overseas futures trading lower than the US session.
    Me thinks it’s all the more bullish.
    Yes 2600 is an inflection point but so does the entire world!
    Me thinks she will blow through it sooner than later.

  • Would like to see some form a retest of the December lows. I just can’t see a V shaped bottom taking place.

  • Guess NVIDEA will be taking another dirt bath today. And my goodness, it really has been a long time since we got those big charts courtesy of that NVDIA lovers mobile phone. That guy has to be hurting. Not a peep in almost two months.

    He must have had his entire net worth tied up in that one stock. But I’ve been there too so I can sympathize.

    In my early years my first big investment was gold and silver bullion. I was pretty young but still had tens of thousands tied up in my metals trove. Back then I didn’t know a doomed chart from a cancer patient and when it crashed in 81 (was it really that long ago? Jesus!) I was pretty much wiped out.

    The funny thing was I still thought I was rich. I had nary a clue it would keep dropping for nearly two decades more before it finally hit bottom in 2001.

    It was the longest, most agonizing education in investing ever handed to me. And I was pissed at all the idiots who kept mindlessly insisting during those years of the crash about the virtues of “sound money”. I thought, if I hear one more retard make a disparaging comment about “fiat” money I must just knock his teeth out.

    Anyway, I survived. Gold still pisses me off. Nobody is pulling the wool over my eyes again though. Once was quite enough.

    Screw Bitcon!!!!

  • And right on cue we get news that Newmont bought Goldcorp. Holy shit, I really am a contrary indicator.

    I luv gold miners. I’m buying.

  • This deal could be enough to bump gold over 1300

  • You have different levels and sophistication levels for traders & investors. If you have followed or purchased any newsletter or market direction advice from any wannabe financial populists on the internet consider yourself “Low Level” in addition if you trade regularly in any spot markets (crypto, metals, Fx) you are again “Low Level” -You might want to re-think your trading profile removing your narcissism inflections realizing you are being fleeced. I’m surprised and thought with the internet people would become smarter – sadly the opposite has happened due to so much lies & crap being pumped out from individuals and corporations in pursuit of your money.

  • Gold over 1300 or
    Sp500 over 2600
    Which will hit first ? Option betting..

  • SPX 2583 holding thus far on a down day.
    Inflection point:
    2525 vs 2600
    Bullish as a consolation is taking place for the next leg higher
    Avi and the masses won’t see 2100-200 let alone 2387

    • What is your obsession with Avi?
      And, if you don’t know, he called for interim bottoming in the 2300 region with a first target at 2520, and started looking up to 2800 once we got through 2520. But, he sees a pullback first in the coming weeks. And, he thinks that the 2100-2200 target comes in after that rally concludes.

  • Do you know whats going on?

  • Light distribution
    Light accumulation
    The tape says we go higher in time
    2583 holding
    Late 2018 action would’ve taken her down by now
    Sentiment has changed
    Perhaps manipulated?
    It’s all good for the legalized Ponzi scheme for all investors
    Not for the shorts

  • Especially with a non correlation with weak crude
    Bullish for stocks
    Crude needs to touch 49.13 apparently before heading higher
    Because 2583 not in cotango,’we are golden at the moment

  • 50.50 crude has had glimpse of support/resistance history as well but not concrete

  • Crude 50.50/SPX 2583 correlation
    Gives a stronger rating on the stock market now vs 46.75 equating to SPX 2525

  • I would assume 49.13 = 2525 looking st the new dynamics

  • Similar bounce for both supports acting now.
    News as 2583 is going to hold
    Shorts are screwed

  • The week over week trend of the market is currently “up”. Should not be short at this point unless it turns over but held up nicely today.

  • Bullish flag formation and not overextended as the shorts are overwhelmingly stating.
    Apparent bullish news overseas propping up the futures

Leave a Reply

Your email address will not be published.