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 15,644

  • It’s on record for both his stance and the market today!

  • Morning bluebear87. Looks like the gold call might have been correct from Gary.

  • Dead cat bounce at best to get him back to even via his 3/26 call all while missing out on US stocks and crude = bad call ……. no one has a “crystal ball”

    Everyone should either do their own due diligence for the independent investors or if they’re passive hand it to the fund managers.

  • Trinity get me out of here

  • YOU HAVE 3 CHOICES – THAT’S IT – JUST 3. UNLESS YOUR REALLY SMART YOU HAVE A 4TH.

  • Gary’s still expecting a top in stocks and energy ……. he couldn’t be anymore wrong but what do I know

  • Wrong from 12/10/2016 @ $97
    In fact I added more SOXL @ $111 on 3/8/2019!

  • My eyes are on 2022 not yesterday idiot

  • A nice potential setup in SOXS

  • I dare you on paper let’s make a wager as of Friday’s close you choose SOXS and I keep holding my SOXL ……. deal?

  • Don’t hate the player, hate the game.
    I’m just a gardener ……

    A stock portfolio is like your garden ……. you must tend to  it daily.
    Water it appropriately and prune the hedges when they need to be pruned, pick the weeds that grow too wild and remove the weak and wilted ones .

  • dont go in there Neo its a trap

  • All of these talking heads demonstrate the ineptness of the American investor the fact there is even a market for these buffoons.

    • The American investor? Yeah I am sure investors from China, Japan and Europe are banking on every trade they make. Only Bluebear87 banks on every trade taken and he lives in Hawaii and vacations in Las Vegas at Gary’s house.

  • its ok Trinity i see them for who they really are

  • SOXL ……. awe got a winner folks

  • You do know that AMD and AAPL just reported?

    • Yes. I don’t know what your horizon is, but I am in to ride out most of the correction hopefully. If SOX can’t make a convincing new high, I think that correction is close.

      • You mean a temporary top or a top top?

        Gold making lower lows and lower highs ……. I gave up years ago trading gold and miners because they beat to their own drum

        • I expect only a temporary top in the major indices; an intermediate cycle correction – to borrow Gary’s parlance.

          • I also think that oil, and oil stocks specifically will be hit hard. Yields will make retest the lows/ make a lower low. I don’t have much of an opinion on gold at the moment. That’s my two cents.

          • 👍

  • Bluebear87 is the only individual that knows what happens with gold and markets after fomc decision. If you ask, hey may share.

  • Gold $50,000!!! Buy Gold Today!!! Per Jim ‘James’ Sinclair

  • Another YouTuber giving horrible advice – I enjoy the “Professional Trader” moniker. There is no such license or prerequisite for “Professional Trader” in this case. Just another guy that walked off the street giving financial advice for personal gain while his subscribers lose he profits. Zero skin in the game.

  • Gary predicted a spike in gold today via FOMC announcement:
    https://www.kitco.com/charts/livegold.html
    Gold down almost $9!

    • What’s your view on the dollar BlueBear?

      • Wow nice sell off for you late in the day! Congrats.
        I’m not much into currencies but am into technical analysis and clearly bullish in nature and swinging to and fro from her 50dma then almost complete and heading to the $98’s aka higher lows and higher highs .

        Again congrats on your SOXS position.

        • Thank you!! I always feel a bit nervous about shorting bull markets, but maybe there will be some bearish follow through in the coming days and weeks to mark a clean rejection of all time highs. I am also bullish on the dollar currently.

          • Finally nice to have a prudent investor on board! I initially took a bearish stance last Friday before last but it was good Friday so it would’ve been a good call but coming into last week I stayed put.

  • I like how you two idiots only share your “bearish” position after the fact. Blueballs87 has been non stop talk about bull market in semiconductors and now we have a down day he says he took bearish position last week.

    The other clown 20k or bust, visits after the fact and after the market moved down, to beat his drum.

    Both will be shown the door when the Dixie plummets. Do us a favor and keep your hindsight BS to yourselves. You didn’t have time to post beforehand, but you do afterwards? Typical kiddies, always looking for self praise. Visit a psychologist not smt exposed assholes.

  • Its like sitting at a Black Jack Table and everyone talks about their winners, but NO-ONE ever discusses how they have lost their asses. All Ego Baby! Markets love Ego’s – chewing em’ up daily.

  • I talked about my soxs position on the 28th.

  • FTR Friday before last I was going to sell 1/4 of my semis but it was a holiday so I couldn’t process my order so I never sold.
    I am still long 100% semis ……. what a shocker
    .Turnaround Thursday has pleasantly surprised me this morning waking up to the markets!

  • Don’t hate the player, hate the game especially when your gold isn’t going your way ……. it was written in the charts

    • No gold trades. Market too unreliable for my tastes. Only Gary can make 400% return in gold market.. well that’s according to Gary and we all know he is lacking in the truth department.

  • But Jim Sinclair says $50,000 Gold – he calls himself a “Specialists” he must know something? Probably the biggest wealth destroyer of them all.

  • Does anyone here follow ag commodities?

    • There is only about three people here. Not the place to be looking for trading advice or discussions. This site is for … damn, went blank.

  • 5-7 day bloodbath eh? https://blog.smartmoneytrackerpremium.com/

    Wrong ……. try dead cat bounce so double whammy yes?

    What do gardener’s know anyway?

  • Maybe just maybe the semiconductor space?
    https://stockcharts.com/freecharts/gallery.html?$SOX

  • La Di Dat Do Dat Di Dat

  • Good day for equity bulls, Russell even closed over 1600. No new high in SOX.

    • Ebb and flow
      Tide in, tide out
      Consolidation is healthy
      Australia is in it’s 24th year of expansion, we are on year 10.
      Fourth industrial revolution is only in it’s 3rd inning.

      For all the haters out there bite me
      Good luck 20k and best wishes going forward.

      Back to the garden

  • Gary’s latest blog and mistimed call with crude found here on the 4:50 min mark: One of the best voices
    he is uncertain that today’s intraday low was the low and needs to wait for a swing low signal.
    He says he sold at this low in March which IMHO ill timed for both calls because it is written there on next post.

    FTR has indicated on my last post added TDD and CBOE at the open.

    • Why you being so harsh BlueBear87? Gary made 80% return, is that not good enough? He got out a little too early, so what.. It’s better than getting out too late. Not sure why you are spending so much “energy” on this call, when it was a clear winner. Why not focus on his shit calls? We all know a broken clock is correct twice a day and this win in Oil by Gary, will most likely be followed up by several losing trades.

      • You’re right ……. I apologize

      • Nah you’re wrong here’s why:
        We don’t actually know when he initiated his position but we do know when he cashed out per his blog on 3/28 aka Crude $59.30 and ran as high as 66.60 almost a month later on 4/23!
        Now crude is trading NOW @ 62.31and he still hasn’t got back into it. Last night crude had an undercut low @ 60.06 ……. 40 wma is 60.16, coincidence? I think not.
        US Indices trendline going back to March 2009 was exactly hit on the Sunday night’s intraday lows ……. coincidence? Of course not.

        Buy the dip dipshits wannabe professionals or not.

  • Just another hindsight BS market shot caller – dime a dozen since the advent of blogs on the internet. Just low level traders to begin with selling sh*t.

    • Market study since 1992
      Market trader since 1996
      Award winning global champion 1998
      Yep just another trader ……. don’t hate the player, hate the game

  • Way too early for buying equities, in my opinion. Only down 2% from ath.

    • Today and yesterday’s trend line bounced off support of the 2009 arena!

      • Oh blueballs87, that garden needs some loving. When you come out from under your desk, the fact will remain you let that shit NVDA trade, walk away with all your profits in tow. Stock trader champion, my ass

  • You should of sold NVDA at 290+, it was written all over the charts. You kept adding to NVDA during the last correction – after only a 1% drop. Oh my.

  • Anybody checking out BitCoin? I think it’s getting ready for another run at ATH!

    • 3500 acculturation phase was s tell back then.
      6k broke out now double bullish as you are as well
      👍

  • 1xbet зеркало на сегодня прямо . , . ” \ . . . . . ? : = * % . . @ ” . < + $ . 1xbet приложение – ! . . вывод средств заблокирован 1xbet что делать . . > @ . < ^ . . . . . . . \ & ^ @ & – ! . #

  • Indices bouncing a bit this morning. I don’t know if bulls can muster much follow through.

  • Here’s how I see things in SPX:

    • Meaning?

      • Upside is extremely limited now, as bbands begin to condense, i.e no move over 3000. Price has hit support at 10 week moving average. I would expect that to break and at least move down to the 2700s. With current levels of elevated sentiment, I think a touch of the bottom band is more likely as a final stopping place.

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