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

  • Gary
    we must be close to a bottom in the SM because I am scared like hell that lots more down is ahead.
    What really spooks me is the change of outlook in interest rates.
    I am much more than 20% in it.
    Hate to cut back too.
    Would lose big time if selling now.

  • Attachment gold

    How quickly some people forget the horror.

  • Gary really knows what he is doing, but that includes all these baffling public posts. When things quiet down and he start to feel neglected, he really puts in on the line. Just a matter of sifting through all of the bs.

  • Has Gary been throwing any temper tantrums, lately? In 2011 he threatened to shut his service down after that disastrous silver trade (bought right at the top!). And in 2016 he terminated the model portfolios. Subs, brace yourself for the browbeating you’re going to get if you start whining about your losses.

  • Fleecing is the perfect term….I’ve had a little taken off the top and I don’t like the wind on my head. I’m new here… been lurking for a long time on the “outside” and have made some decent returns following Gary’s public comments. I know I’m pretty late to the game but hopefully we are still in the first half. Structurally in the country I see nothing that is going to slow this show down. I’m feeling the burn right now though… I love the UDOW and TQQQ and LABU… but they are not showing me any love at the moment. My heart quickens and I begin to think about what will happen when I’m broke and hungry… the exact reaction that the market makers want…there is bleeding in the street… I sure don’t like that some of its mine… keep the faith… it will be time to invest the other 50% of your SM fund shortly… might just have to burn a little longer.

  • Mr.Thurtle
    Gary’s fleeced a lot of people. You’re not alone…

  • Stops??? pffttt Stops are for wimps. Man up!

  • Everyone needs to grow a pair!

  • Yeah, right Gary. You are like a broken record. You make a good call or two and then get cocky. That call last week to buy the dip and dangerous to be on the sidelines would be hilarious were it not for folks are actually following your advice and are not getting slammed.

  • Gary, where’s the PPT? 😀 😉

  • Chalk this up to another time that Gary gets caught long in an intermediate (cycle) decline.

  • Attachment ppt

    Vin, the market is in freefall because I’ve resigned.

  • You should have bought the top in the Nasdaq a few days ago. It’s going to 10,000 or 20,000 in few months so it doesn’t matter where you buy. Don’t stop out and try to buy lower.
    Just like JNUG at 96 (Sep 2016) was a steal because it’s going to 500 (actually that 2000 with the split).
    Everything gets rationalized and cycles get thrown out the window. That’s how Gary rolls.

      • Remember that Kitco banned “Gary the Goldbug”‘s ass! So did Korelin.
        You’re the worst I’ve seen, Gary. You wanna know why? Because you try to control people and convince them into not thinking for themselves. You have no risk management and when you’re wrong you have tremendous losses. The SMT trades are way underwater from when the service was started. If you weren’t such a con artist, you’d be ashamed of yourself.

  • Attachment dumb as shit

    Gary is one of the worst at analyzing the stock market. He was bearish for years and then finally turned bullish at the end of 2014. You see how he predicted the bubble phase for 2015. Well, 2015 was flat and then crashed. Horrible work, Gary!

  • Instead of just bashing for the sake of bashing, look at this comparison. As far as being long since August 2017, another guy who has been 2X long most of 2017 is down to one third of this original position and 2x shorting at this juncture.

    • It’s not bashing. It’s stating the facts. Gary’s narrative is a lie. Who in their right mind would listen to a guy with a record as horrible as Gary’s. He acts like some kind of stock god but he’s been wrong for most of the bull market.

  • The manipulators must have a subscription to SMT and tanked this market to screw Gary over. haaaaaaaaa! They’ve done that to him many a time.

  • I’m headed out to go climbing today.
    I’ll check in after the close and we’ll try to determine if the bottom is being printed today or not.

  • The only thing that makes me hesitant about a second leg lower is the length of the current daily and intermediate cycle.
    If this is going to turn into the parabolic phase of the bubble then we should recover immediately, convincing retail traders that this market is bullet proof and triggering the buying panic that drives bubbles.

  • Kudos to Gary for speculating the bottom would be established this morning. Now he and his followers who bought TQQQ and UDOW when they were substantially higher have to sit and wait for a huge move just to break even. Would have been nice for that huge move to be profits instead of just catching up.

  • We opened with a gap down that is recovering. That’s pretty much what I was expecting to signal the bottom.

  • The dollar has rallied enough to day for me to call this a DCL. Now the question is does it roll over to hit the cycle trend line or turn into a larger ICL?
    I don’t know the answer to that one. And because I don’t I’m going to stay on the sidelines in the metal portfolio for now.

  • The metals have not performed like you speculated they would. The miner ETF’s you recommended are nearing where you recommended buying them. The action was never that good with the miners when compared to what the metals did so not surprising they’re back to where you started. Weren’t you predicting this leg up in the metals/miners would do better than the old highs last year? Your crystal ball just aint what you proclaim it to be. Oh wait you don’t have a crystal ball nevermind.

  • Buying panic that drives bubbles.

  • Attachment 1 28 2018

    Gary makes his smart ass post today “I told you so”

    But just 1 day before the market topped on 1 28 2018 he posted a video with this chart.

    That’s called “recency bias”. He broke is own rule.

    Funny how fast he forgets.

  • Attachment Jnug 23 2 6 2018

    How’s that JNUG $23 trade doing.

    We told you you were going to get your teeth kicked in.

  • Attachment 2 6 2018

    He has all his bases covered.

    It could go lower to retest the lows or leave everyone at the station.

    Then he will post “I was right again”

  • Attachment Gary 2 6 2018

    Gary doesn’t know what the dollar is going to do?

    I thought he knew everything……………………..

    He makes posts like “I told you so”

  • Attachment Dust 2 6 2018

    Yep, another WRONG prediction.
    Gary is a broken clock.

  • So I’m going to stay the course. Old Turkey in TQQQ and UDOW until I think we are nearing a final bubble top. And yes there will be more corrections along the way. The market should get more volatile as the bubble matures. This isn’t going to be the last time the bull tries to shake everyone off.

  • Gary, you need to quit calling it JNUG 23. Your split-adjusted trade price is JNUG 96. Own it!

  • Attachment silver

    See that HUGE red candle? Gary was all leveraged up in silver and got caught in that crash. He still kept his bull hat on and ended up with substantial losses. Gary has a knack for getting caught in crashes!

  • Attachment jnug crash

    No stops, baby!

  • Attachment crash

    And caught in this crash with UDOW and TQQQ


    Oh except if it undercuts. That’s the BANKSTERS, not my fault..

    • 10,000 on the Nasdaq would be roughly 225 on the Q’s. Each option would have $25 worth of intrinsic value plus some time and volatility premium. You can calculate a rough guess.

  • Attachment p&f

    Don’t show this to Gary.

  • I confess, I make it all up…

  • How long are we going to be hostage to this probability of and undercut?

  • Gary’s crystal ball is in the shop. He’s currently using a dart board.
    Results will be in soon. Just keep holding your TQQQ and UDOW and have hope and faith Gary is correct.
    If he’s wrong it will be because the fed aborted the recovery and wants a lower undercut low now referred to as the undercut low phase

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