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 9,073

  • Attachment Brandt call 2 8 2018

    Looks like the Gary got schooled by the 40+ year trader.

  • Attachment SMT posts 2 8 2018

    On 1/31/18 Gary says “DANGEROUS TO BE ON THE SIDELINES”

    On 2/5/18 Gary says “I TOLD YOU SO”

    He lost 13% and 15% on TQQQ and UDOW in 4 TRADING DAYS.

    Does that mean he told you so that you were going to lose money? If so he’s a friiging genius.

  • Attachment Screenshot_20180208-070542

    Gary’s analysis is simple.

    He guesses.

    No charts, no sentiment, no Cycles, no smart money dumb money volume charts.

    As he stated above he’s going to guess.

  • Bud Fox, hilarious! Excellent posts. Gary got schooled, as usual.

  • Attachment haha

    This guy doesn’t have his head in the sand like most of Gary’s subs.

  • Add another 7% worth of losses for both UDOW and TQQQ. Nice work at buying the top, Gary.

  • This is why you don’t want to take Gary’s trades: when he’s wrong, the losses are MASSIVE. He digs his heels in every time and uses excuses like JNUG is going to 500 and Nasdaq is going to 20,000.

  • My issue with Gary isn’t so much that he is typically wrong – no one holds a gun to your head to make these trades or be in the market in the first place – but that he will verbally attack his subscribers if they voice any concern that goes against or questions his calls. He DID mislead his subscribers severely through the Gold Crash but I left his service because of his incredible arrogance and obvious willingness to attack and fight with his subscribers. He will never “own” a bad call, and has openly lied about past performance. Very unprofessional.

    • If we had listened to the herd and panicked during the energy trade last year we would have registered a huge loss. Instead we waited for the weekly stochasics to cycle back up to overbought and we actually made a small profit on the trade.

  • It’s time for Gary to raise his subscription prices by 150%, again! :O

  • Attachment i TOLD U SO

    “I TOLD YOU SO”

    GREAT JOB ON PISSING YOUR SUBS $$$$ DOWN THE DRAIN

    JAN 19 QQQ 200 CALLS NOW UNDERWATER!!!!!!

  • NUGT 10K PIECE OF CAKE 20K NOT OUT OF THE QUESTION.

  • Attachment sidelines 2 9 2018

    Ever since Gary’s famous “DANGEROUS TO BE ON THE SIDELINES” post it’s been downhill holding 3X ETF. Sound familiar?

    He fell into his own trap. “Recency Bias”

    • Funny how the certainty in his statements were high during the top and gradually waned, then came back with “I TOLD YOU SO” then followed by a post with a question mark.

      And people still follow this cunt?

    • In his defense I suspect the markets will overcome this sell off and rally but for those that bought at such higher levels and have to sit and watch a huge rally unfold just to break even is disheartening.

  • “DANGEROUS TO BE ON THE SIDELINES” = FOMO (Fear of Missing Out)

    Gary loves buying tops and holding through ICLs. Whenever he does this, it’s because he not following his Cycle analysis. I don’t even know why he claims to use cycles other than as a gimmick to sucker more subs in. Gary pretends to use his mysterious cycles when in reality he’s just using his “dumb money” gut.

  • Attachment IMG_0563

    Here’s what Gary was saying in June 2017. Wrong, wrong, wrong, again!!

    • LOL!! So back then he called for a crash, market kept roaring up.
      In December 2017 he said market was going to 10,000. 20,000 and it’s gone down 10%+.

      WHY DO PEOPLE STILL SUBSCRIBE TO THIS RETARD???

  • If we had listened to the herd and panicked during the energy trade last year we would have registered a huge loss. Instead we waited for the weekly stochasics to cycle back up to overbought and we actually made a small profit on the trade.

    • That oil trade was spot on, Gary. Only only went up about 10% after you shorted. Loser!

    • A small profit is right and you are now sitting on huge losses in your other positions. What happened to the big rally in metals that would do better than the previous one?? What happened to your “dangerous to be on the sidelines, buying opportunity” posted just a week ago?? How you keep any subscribers is beyond me!

  • So I’m going to do the opposite of what most people are doing. I’m not going to panic, and I am going to stick with the plan. I will continue to hold my positions until we either get something that looks like a true blow off top, or I become satisfied that we really are in a multi-year bull market that still has another decade to run (if the next intermediate cycle does unfold as a 15-20 week rally then we probably are in a multi year secular bull market like Chris Ciovaccio has been calling for).

    https://www.youtube.com/watch?v=jFoOzYiXgpE

  • Gary, any average Joe can buy tops and ride them all them all the way down into intermediate lows. Why do they need to subscribe to you? Ridiculous! Also, you told everyone that Trump was going to get a “shit sandwich” stock market. So, you never entered stocks until Mar 2017. Then, you were bearish in June 2017 (see chart above). Just terrible. Still waiting for JNUG 96 so you’ll break even — it’s at 11, now.

  • Dow is down almost 3000 points since you bought.

  • THIS WAS GARY’S STUPIDEST FUCKING CALL BY FAR!! TO TELL EVERYONE A PARABOLIC MOVE WAS COMING AS THE PARABOLIC TOP WAS ACTUALLY UNWINDING IS THE EPITOME OF HIS RETARDATION.

    WHAT A FUCKING DOUCHE!!

  • Not gonna lie.. Watching people lose their shit is a guilty pleasure
    Gary — I applaud you for being the cool headed type, and willing to put up with all the absurdities.
    Folks, I’ve learned a few key lessons over the years and controlling anxiety was one of them. It completely changed the way I looked at the Markets. Panic is the worst offender, so please calm the F*ck down!

  • Gary,
    So if you are satisfied that this will be a multi year bull market, then you will sell?? Can u clarify. Maybe I have misunderstood? Thank you.

    • I think this is going to produce a true parabolic blow off top and it will do it as we come out of this YCL.
      In that scenario we would slingshot out of this low and go crazy to the upside for the next 3-4 months. The same as how bitcoin came out of the September correction.
      If not, if we instead come out of this YCL in a more timid fashion and the next rally runs for 15-20 months then I would have to join the multi-year bull market bandwagon that Chris has been calling.

      • Whoa Whoa Gary, Bitcoin came out of a correction??? Are you kidding me?? You have been telling everyone that the Bitcoin bubble popped back when it was $3000 which was so far below the top of nearly $20,000 that I would not think you would even whisper anything about Bitcoin. After it topped out near the $20,000 level you have been beating the bushes out how you told everyone to sell and now that they haven’t they would just ride it down to nothing. So far, you are wrong AGAIN on Bitcoin.

  • I forgot to sell my gold positions, still holding jnug and nugt . Are you expecting more downside to gold and would sell with current prices?
    We soon touch december lows and I assume gold have some support at 1300 so it could bouche a bit? On the other hand it propably depends about dollar.

  • Gary posted his weekend report on the public sheep side and said this selloff is a normal ICL.

    But that is not true. What we witnessed was SMT subs just held 3X Long ETF’s during the fastest decline in history after hitting all time highs.

    The market dropped 10% in 9 days and Gary (Jim Jones) convinced his sheep to buy 3X ETF because he thought it was the beginning of the bubble phase.

    But if you listen to his video he says the market was getting stretched way above the 10 day ma and needed to pullback. The market will snap back an be at all time highs again. He has to say that because he’s got a bunch of subs holding long positions and QQQ options that are currently underwater.

    That completely contradicts the reason why he bought the 3X etf.

    The bottom line is Gary is guessing and trades solely off daily candlestick and has zero long term view.

    God help his subs.

  • Gary always says “I told you so” or “Like I predicted” or “I knew that would happen”
    But if you listen to his last report he says:

    “I think” 9 times
    “If I’m right” 3 times
    “My theory” 2 times

    That doesn’t sound very confident to me.

    He also is flip flopping on his 7 year cycle back to a 4 year cycle.

    Last and the most important is he says 3 times “he doesn’t want to miss the move” in the stock market.

    So there you go. He has the FOMO disease. Fear of missing out.

    • Well how the fuck else would he be right? If you remain ambiguous and cover all 30 possibilities, then you certainly have the right to affirm “I TOLD YOU SO”!

  • Attachment gold bull

    In Oct 2016, gold was supposed to be the “biggest bull market of our lifetime”…This is after Gary had a tantrum and deleted the model portfolios because of his horrendous losing trade in JNUG, NUGT, and USLV.

  • Attachment sub comments

    This is how Gary’s poor subs felt, back in Oct 2016.

  • The gold train is leaving without Gary on board! Gary, you’re going to miss out on JNUG 500 (aka JNUG 2000). 😉

  • Gary, you’re almost at break even. The Dow only needs to go up 1500+ points and you’ll be there!

  • Gary !!!
    Lol
    Let him make that trade.
    In this business you need to lose money to learn.
    How intelligent you are depends on how many times yoo need to lose on the same trade to learn.

  • Learn how to spell “Autobahn”, dimwit.

  • This was the trigger to buy:
    Gary Savage
    February 10, 2018 at 11:22 am
    Clearly the metals are in an ICL. I’m not going to do anything with metals until after the March rate hike.

    Whooo!Doggie! Makin’ a killin’ in JNUG!

  • 10,000 still a piece of cake by July??

    • Attachment 020818

      !

    • If this turns into the slingshot like I think it will then yes, 10,000 before July will be a piece of cake.
      A slingshot will confirm to every retail trader that there is no risk and that will start the buying panic that drives a bubble.

      • You are your own worst enemy with your outlandish statements. It all comes down to selling subscriptions and drama sells. “We are going to make insane amounts of money” is one of my favs. What the gullible ones don’t know is that they will lose insane amounts of money, and you will delete the portfolios and start prepping for the next round of suckers.

      • Dammit every time I post some wise-ass self-congratulating comment or make a video, I get punched in the balls with a market turn against me.

        I suck, why can’t anything ever work out for me?

  • Yes, Gary you do “suck”. Your only strong point is your ability to con the masses into paying you subscription fees.

  • Attachment 02818

    not fooled by Gary

  • If they’ve managed to hold through the drawdown, perhaps by the time it reaches a breakeven point they will recognize the market has come back (which was after all their expectation – that’s why they held) and now they can look forward to developing a profitable position. Although a wiggle down from that point may put them over the edge.

  • Arghhh!!! There goes the market again, I’m such a MORON! No way Nasdaq is going to be at 10,000 by July now…. I SUCK!!! DAMMIT!

  • Originally I planned to publish the SMT until I thought the gold bull was over. I may decide to retire once I think the stock bull is over.
    It’s gotten to the point where we almost don’t have markets anymore. There’s so much government intervention.
    When and if I decide to retire I’ll give everyone at least a years advance notice.

  • JNUG already up 10%!! You’re missing out, Gary!

    The sooner you retire, the better. Maybe, the fact that you were totally wrong on the gold bull would be reason enough to retire. Another good reason to retire is that you massacred your subs’ accounts numerous times. You’re a slimeball snake oil salesman.

  • We need to quantify what “the stock bull is over” means. Gary’s history of analysis proves that he doesn’t know how to identify bull/bear markets. He won’t realize that stocks are in a bear market until it’s been so long that they will be ready to start a new bull market, anyway. Is 20% down a bear market?

  • This idiot will never retire! He’ll still be scamming on his deathbed!

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