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

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 7,641

  • Attachment terminated

    Terminated!!!!!!!!!

    • FYI, his listed returns are way off as they don’t include his JNUG $96 losses and the losses in NUGT and USLV that were purchased in Sept 2016.

  • I’ll sit in cash.
    The easy money will be in stocks. I’d rather have capital there than fighting the downside in metals.

  • Attachment Savaged trained 1 29 2018

    Gary Savage Trained.

  • Attachment dec-kool-aid-wave

    Goild drank the kool aid…

  • Attachment 20170106_051634-768x883

    Gary is confirming that he held his metals trades from Sep 2016. Model portfolio trade of JNUG 96.

  • Here’s Gary bashing MA, “The market will either scare everyone, or run away to the upside. ”
    This is what passes as analysis. Armstrong has covered both bases and will claim he predicted the market no matter what happens. ”
    Gary “covers all his bases” all the time too. I remember recently a poster asked if he woke up in an alternate universe because Gary had just stated one thing the day before and turned around and said the opposite that day. Of course Gary had an explanation which was complete and utter BS – the poster had rightfully called him out.

  • Gary’s frequently blames manipulation when he’s wrong. Standard scam artist excuse.

  • Attachment jealous.3-257x300

    Gary’s jealous of Marty and Avi! ha!ha!ha!

  • Yes, Gary is jealous of Armstrong. Armstrong doesn’t stay “wrong” for very long. Once an asset crosses one of Marty’s Bullish or Bearish Reversal levels, he will change his outlook if he was wrong. Gary, on the other hand, will stay wrong for many years like he did with the stock market and gold. Stubborn Gary was a stock market bear for five years and was bullish on gold throughout the whole bear market.

  • Attachment 3-commodity-inflation

    He just won’t give up when he gets a wrong idea in his head.

  • Attachment Original expectation for bubble phase

    look at this crap

  • Attachment gbtc

    Bitcoin was below 3000 when he said the bubble had popped. It ended up going up to almost 20,000. Gary will try to discourage you from making big wins. He calls himself a contrarian. That means he will stop at nothing to keep you locked into trading bear markets!

  • Gary is always desperate to try and make himself look like a financial “guru” and everyone else just a “retail” trader so he is constantly trying to call things without regard of actually being right. He is always trying to impress and bring in new subscribers. As I have stated he has no clue how to spot a top or topping process and his cycles are spotty in spotting bottoms.

  • Gary
    Post author
    February 1, 2018 at 12:03 pm
    I heard the same thing in 2014, 2015 & 2016 when I guaranteed the Nasdaq was going to reach the 2000 highs.
    I heard the same thing when I guaranteed that the semi’s would reach the all-time highs.
    Folks you would do well to listen to me.

    I sure hope that “duck” character as Gary refers to him sees that statement.

  • If his record were as good as he claims he wouldn’t have to constantly be defending it as it would speak for itself, but as all of here know he was wrong on the stock market for YEARS and wrong on the metals for YEARS.

  • In Gary Savage’s post today (link below) he personally guarantees that the Nasdaq is going to 10.000 this year. His statement in the video and followup comments represents an enforceable verbal contract whereby he provides a personal guarantee against losses for anyone who follows his advice to invest in a leveraged or non-leveraged long Nasdaq trade (TQQQ or QQQ). I have captured his video and comments below the video for use in a potential class action lawsuit against Gary if the Nasdaq does not reach $10,000 this year. Anyone who follows Gary’s advice and invests in TQQQ or QQQ today or after will become part of the class seeking recovery of actual losses or diminished gains should the Nasdaq not reach 10,000 this year.

    https://blog.smartmoneytrackerpremium.com/2018/02/nothing-going-stop-market-getting-10000.html

  • ClassActionLawyer, +1! Gary has the worst attitude. Such “guarantees” should be illegal. He’s been so sure about many things and that’s how people lost big money. One example is how he fought tooth and nail about how great that JNUG trade was. Gary Savage is disgusting.

    • Gary is disgusting but we all still adore him and hang onto his every word. Can’t live with him; can’t live without him. hahahahaha..

  • Gary
    Post author
    February 1, 2018 at 11:59 am
    My correct market calls so heavily outweigh the few misses that it’s almost not even worth trying to find them.
    Over the last two years the metal portfolio has gone from $100,000 to $418,000.
    The stock portfolio has gone from $100,000 to $278,000.
    The only sector I have struggled with is energy. If you want to try and find fault you had best stick to that sector.

    Biotech kicked his butt to the point he quit trading it. Oil did the same. He completely missed the Semiconductor’s move or most of it. He sat and watched the chip stocks for over half a year before the light bulb came on. It was reminiscent of how he stayed with the metals/miners for so long after they topped in ’11 and kept calling for the stock market to crash during the same time. His current miners trade is spiraling down the drain. I’m sure he will now claim he advised his subscribers to sell the miners near the top.

  • Maybe someone will go postal on Gary, one day. We can only hope. Gary is a sadist.

  • Those portfolio gains are fake. They don’t include the massive losses from the JNUG NUGT USLV trade in 2016. He deleted all his model portfolios from 2016 because the losses were so huge. Then, he started new portfolios in Nov 2016. He added fictitious gains to those new portfolios. It’s sickening that he lures in new victims with these lies. Most of his subs are newbies and believe his lies. You can’t post the truth on his site or you will be banned.

  • We can post the truth here!!

  • You can make $1,000 easy by taking Gary’s bet: if the NASDAQ hits 10000 by JULY, he wins, otherwise you do.

  • Gary’s bet should be that if he loses, he should close his service down. Gary, have mercy on the gullible and shut it down.

  • Gary blows offs trades like the JNUG trade that lost 85%. He acts like it was “only one trade” when in reality his metals portfolio was 100% invested, holding JNUG, USLV, and NUGT. That’s a devastating hit to his followers’ portfolios. He doesn’t give a darn, though. He just deletes the portfolios and moves on.

  • Beat subs with a stick to hold stocks, dangerous to be out of the market, won’t stop until 10k.

    BofA’s conclusion: “A tactical S&P500 pullback to 2686 in Feb/Mar now very likely.” ZH 1/26/18
    The parabolic advance in $DJIA $YM_F has been violated. 10 to 15% correction on the way.

  • JNUG is at 15 and Gary bought it at 96. Yet he says that his metals portfolio went from $100,000 to $418,000. Get real!

  • We have a huge cushion. We could afford to take some risk and yesterday the euro was flashing signs of wanting to go higher so no this wasn’t reckless. We were responding to what the market was giving us.
    We’ll just wait a bit and try again when it looks like the next opportunity for a turn appears.
    You can’t win them all as the saying goes.

  • Vinath, Excellent observation indeed. But, then Gary has his own ways and he has come up with some incredible calls. So though this call didn’t work out, I am more than willing to follow his advice at this stage.
    Let us see how his other calls work out. I am in particularly intrigued with his 10k nasdaq call. It is not only exceptional it is also quite daring.
    If his this call works out the way I am playing it, I will be a life-time member of his club.

    • Evidently you have no clue how markets work if you are solely relying on Gary Savage so good luck with that 10,000 NASD call. The one thing Gary is a pro at is suckering in folks who have no knowledge of how markets work and the best way to bait them is with extremes i.e. Bloodbaths, and Bubbles or in this case the Nasdaq to 10,000. I mean who in his right mind doesn’t want to do well in the stock market and make their fortune and this con man (Gary Savage) takes advantage of that mentality.

  • Gary is MIA from the Blog today. In the last four days he has put up a video on “Buying Opportunity!” , “Dangerous to be on the sidelines!” and “Nothing is going to stop the market from getting to 10,000!” – talk about looking like and idiot. Same ole thing from Gary, he makes one right call and gets the big head only to be proven to be a “retail” trader that he is.

    • Gary
      Post author
      February 2, 2018 at 1:43 pm
      LOL I go climbing 3-4 times a week. I don’t recall stocks and gold falling that often.

      What a liar!! He has been on the blog everyday all day for quite some time. After making the calls he has made lately and then the markets tank he “goes climbing 3-4 times a week” to account for not being there.

  • Autoban,
    Gary’s calls are very far from “incredible”. What’s really incredible and in fact, jaw-dropping is that Gary was vigorously bearish on the stock market for the first five years of the bull market. During that time he was wildly bullish on gold. Gary was devastatingly wrong! Quite the money-losing subscription.

  • Monday market will probably bounce and Gary will say Nasdq 10000 buy or be left out stupid.

    Then it will crash again down hard.

  • Attachment SMT 2 3 2018

    Gary has lost 8% in his Stock Portfolio over the last 18 months while the SP500 has gained 38% over the same time period.

  • Thanks Gary. Does this sell off change the 10000 prediction for end of March or April? Not panicking, , just asking about the potential timing for 10000.

    • Sean, still going to 10,000. Maybe even 20,000. Follow me and you’ll be a billionaire!

    • If the next intermediate cycle becomes even more aggressive as unsophisticated retail traders start to panic buy then I think we easily reach 10,000 by the end of March – end of April.

  • Thanks Gary. So one potential clue that this scenario wouldn’t play out is that the next cycle becomes left translated?

    • The goal of the quest is to start with a $1000 initial stake and try to turn it into $100,000 with the use of massive leverage in options trades. The closest we’ve gotten so far is $17,000. If the parabolic phase continues we should get pretty close with the current trade.

    • I’m happy sticking with TQQQ and UDOW.
      I think we will make plenty of money with those two instruments.

  • Regardless if my subs make money or not, I’m always in the green from collecting those subscription fees. Who’s the smart one?

  • For me all these 10.000 talk and people get super greedy with estimated counts at TQQQ at 324 and the Q’s at 225 are a clear sign that we are close to the top.
    And when the The McClellan Oscillator is your single best working tool for the bubble why has the guy who produces the data and calculation a different view then you something smells fishy to me.
    Tom McClellans statement:
    My eurodollar COT model says that a major price top for the U.S. stock market is ideally due in early March, as discussed in our latest McClellan Market Report newsletter. But Bitcoin’s chart implies that the corresponding top is due a bit earlier, in February. The real answer may lie somewhere between the two.

    Tom McClellan
    Editor, The McClellan Market Report

    • I’m not far off from Tom, but I think we probably make it to April or May. 3 months should be too quick for a parabolic phase to finish. 4-6 months is more typical. And this one is being driven by the largest period of money printing in history so maybe we should expect 6-8 instead of 4 or 5.

  • I am cautiously optimistic about some of these price targets. That’s why I keeping asking about signs that this call to 10000 this year may not transpire. I know we’re to 10000. Might just be 2019-2020.

  • I think 10,000 is going to be a piece of cake. I believe it’s going to get there before the end of April, but if it takes longer it’s still going to get there.

Leave a Reply

Your email address will not be published.