A dramatic short term prediction from Gary
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Anyone can change it’s own mind everyday. That doesn’t make one right but makes one wrong all the time. I can change my mind on top and say sell and change my mind on bottom and buy AFTER BEING WRONG IN PREVIOUS CALLS. WHAT A JOKE!!!
LOL I’ve had the same view as Doc and Rick for the last two weeks. And I’m the only one that called the exact top on Mar. 17.
I guess you conveniently forgot that…
Yes, we forgot that. Hi, hi. And you are especially good at buying and selling in hindsight. LMFAO. Everytime you make a special offer on your website I know you lost a whole lot of subscribers because they went belly-up following your advice.
Remember the day the DOW was down 300? He called for a stock market crash via a special market update. Market reversed about 20 minutes later and was up 13 or 14 days in a row. Got to love this guy.
I subscribed to Gary’s site for awhile. Not only did I lose my money on the subscription, but I took his advice on investing in gold and lost thousands. I guess the only thing I can say is that he’s laughing all the way to the bank while the rest of us are crying.
That is why he is a newsletter writer.
I can’t believe my comment has been published even when I called Gary/Toby or whatever his name is a schmuck. Love this site!
and I thought he was looking for $2000 !
Gary was wrong in Dec and he will be wrong again in March.
Time will tell won’t it!
Al
My Days wages for a loaf is from Rev.6:6 View from Heaven a quart of wheat for a denarias.Eight quarts is the price out of famine.Of course these thoughts come from all books coinciding with” End days”events.And end days in regards to devils days.Joel is a nice short book that parallels.some of the same time events.NASA web sight has details of timing for Blood moon events.It will be on passover this year and next.And two Jewish festivals both years in fall.So my friend God Bless and thanks again for all you do here.
It affirms my Faith not Doubt!Oh yeah in the middle of the moons is a great big solar sun darkening.Matt 24 for Jesus human speaks on this.Watch for signs in the heavens.
Stevie
SEB I’m just a simple guy and really can’t be doing with all of Gary’s ‘profound’ insights. To a layman they are nothing short of gibberish. You may remember some guy called pibe sometime back who had his own very personal take on Mr Savage. So I regularly flit back to KWN, Greg Hunter and Max Keiser to keep the whole PM story in some sort of perspective. Gold/silver are insurance and who the hell cares where they go to during this protracted period of manipulation.
Andrew i agree. He makes wrong calls at exact bottoms like back in Dec when gold was at $1200 he was calling for $1050. Well since then gold went up to 1390. WRONG!. Now he’s doing exact same thing. Calling a $1050 at around our bottom of $1280. I’m starting to think the guy is being paid by JPM cause doing opposite pays off better.
Also i do not see what kind of initiative he would have to be on this show everyday. For us? Yeah i don’t believe in Santa clause anymore and i find it hard to believe penny stocks pay for his appearances. I do understand Al model as he gets compensated by those penny companies. Nothing wrong with that but do not see how huge gains that Al can compensate all guest for appearances. There must be more then meet they eye here. And why is he using Toby Connor as his name on his blog instead of Gary Savage? Losing credibility everyday now.
The huge gains are actually non-existent.
Believe it or not, we are in this for a couple of reasons: It is a great way to stay informed; we have a huge passion for the industry as I have been a player in it since 1979; I enjoy talking with all of the people in it; and, I continue to invest in it albeit unprofitably for the past couple of years.
There are a large number people who continue to listen to what Gary has to say. Actually 1000’s per day.
There is a difference between Doc; Rick; and Gary. That was by design as we would like to present as many opinions as we possibly can.
You obviously don’t like what Gary has to say. That is definitely okay. My only question Seb, is why do you bother?
Al, I gotta disagree with you about huge gains being non existant.
“huge” being relative, but Ive seen/had doubles in the last month or 2 and one .44 cents to $2.50′
Tuff to find for sure, but that because there are what? 3000 JRs to pick from?
Really hard to follow them all, and that’s just PMs.
So, if a guy is “on top” of it he can profit here and there.
Sure be easier once we get a big bull tho.
Thanks Andrew, and I do agree.
Traders do…I have made a little ching off some of Gary’s calls…Gary I appreciate your insights, you’ve said before that you’re a cyclical analyst and I recognize that what you say is 1-2 months out…thanks for all your FREE input….some gripe on making mistakes from free advice…continue your efforts please.
ditto ANDY………………
Guess I am taking the ‘over’ on this call. :o)
If we see the downside targets on Gary’s call, I know of at least three entities that will be buying more physical: the Chinese, the Indians, and me.
FWIW, I am perfectly at peace right now (and not medicated or drunk). :o)
Here is my prediction for two years from today:
(1) the most commonly said thing on financial sites will be, “I wish I had bought gold, silver and mining stocks.”
(2) I will have the dollars necessary to check off one of my bucket list dreams to live in Italy for a year.
If you know what you own and believe that the insanity will be mean-reverting, there is a clear path. Have a great remainder of the week and weekend, everybody.
Eric – you and Matthew are ROCKSTARS!..right on my friend!
Another 2 year out prediction. No offense Eric…I enjoy your posts and information but the site is full of 2 or 3 year out predictions. Same thing we heard two years ago… My point…anything could happen at anytime to either drive prices lower or move them higher…TA and charts are fine for traders but for those holding long term…and that could mean anywhere from now to 10 years from now or longer..TA and daily or weekly movement is useless…heck I’m beginning to think that fundamentals don’t mean a woot anymore…I borrowed the woot from the OWL…..Regards !!
Hi, Gator.
point taken. I acknowledge no one has a crystal ball. My ‘two year’ call springs forth from my belief that we are reaching the limits of how much debt can be injected in the system.
However, for proof that I can be wrong, note that there was a time when I would have said that the markets would not allow the Fed balance sheet to grow to 4 trillion dollars. Yet, here we are.
So certainly these things can become more protracted than would could imagine (and that could happen again). On the flip side, I still believe that we could go to bed on a random Tuesday night and wake up to a new world on a Wednesday.
There are any number of trigger events that could see gold moving up in $100 increments per day.
Taking all the variables together in this crazy game of three dimensional chess, I have made my choice and now we get to ‘chat it up’ between now and then and see how it all works out.
It should not be dull, either way! All the best to you!
You know it’s kind of funny but we hold/buy gold and silver for absolutely no reasons related to the daily price fluctuations. I have said that many times.
A lot of people really enjoy their personal involvement in the day to day movements. To me the real interest comes from the correlations between the precious metals and micro economic issues and political issues and political events/conditions.
Do fundamentals mean anything? Certainly not all of them.
Big Al,..I understand people enjoying the daily activity..but out of this activity springs complaints,criticisms,and downright slander….just an observation..not meant to be critical…for me this site is still entertaining, educational and thought provoking…just sayin…..
Like button to gator
GATOR…………..YOU CAN QUOTE ME ANYTIME YOU LIKE…………BEST….OOTB
Speaking about fundamentals and why we follow events for our investments.
In Mali, a company GQ, was I forget $1-$1.50?
Islamists attack, price dropped to 44 cents. French send troops, drive Islamists out, price goes to $2.50.
Pretty fundamental if you ask me. Maybe there are a few kinds of fundimentals?
Great comment Eric, many thanks!
Nice one Eric – totally agree!
Would it kill certain “listeners” here to have some decorum? There is no need for the attacks. Al, Cory, Rick, Gary, Doc et al. are doing us a great service, and I appreciate their freely provided efforts. If we think they are off-base, we can just stop listening. We have the power to tune out. No need to attack. Thanks for reading.
Thanks Derek.
Derek If you feel I’m one of those ‘attacking’ please don’t. The commercials we get on TV are free. But if we can’t separate their content like the wheat from the chaff or express some misgivings then we only end up as sheeple.
No it was not directed at you. I really did not want to point at a particular person, but rather just in general express disappointment. I apologize if my post upset you, and I apologize to anyone else I might have upset. There is a lot of intelligent people posting good information and I just wish I could get at that information without reading personal, name-calling attacks. Thanks
No offence taken Derek! A
If gold breaks below 1000 we might drop quickly to 875, but load up then as it will rise to 50000 in 2020 according to Mr. SInclair.
Lol
For Jim Rickards fans (like myself)… he is currently on the interview circuit for his new book and we will have plenty of new opportunities to listen to his thoughts.
Here is a link to a long interview that became available yesterday:
http://mcalvanyweeklycommentary.com/
Note: even though he believes that there will be a big reset in the price of gold (devaluation of the dollar), he is holding a good slug of cash (in case he gets surprised by a deflation). Very sensible and in line with Al’s oft mentioned advice for diversification and asset allocation.
This guy changes his mind like the wind changing direction. I don’t know why they keep having him on as a daily commentator as his predictions are worthless.
Apparently you haven’t actually been listening to the interviews. I’m the only one who called the exact top on March. 17.
Why do you click on the links where he’s on then? Your life must really blow if you keep making the time to whine about people you have no inclination to listen to.
When everyone else was talking about a gold bottom, Larry Edelson said he wasn’t sold on the bottom yet. Larry suggested a bottom sometime in May. He is probably right on that call!! June/July might be buying time in gold and silver!
Read “Money and Markets”
That would line up with the yearly cycle low that is due in that time frame.
I have to agree with Derek. I try not to comment too much as I can easily get carried away and become quite rancorous. I believe that technical analysis is extremely difficult in manipulated markets and part of the manipulation is reverse engineering (for lack of better terms) the indicators to force technical players to act and react in a way positive for the manipulators. I think Rick, Gary, Doc, and Chris try to take some of that into account….which is why we listen to them as opinions and recognize it can all be wrong.
To me, technical analysis in today’s market is like being a mouse in a pond full of sharks and piranahs. You can swim around picking up crumbs, but eventually you won’t be able to outguess the carnivores. Big mouth or small; at some point you are a fishfood. I’m way too simple minded for that…give me physical as I can afford to buy it and put me go back to work.
Brilliant cj
Ditto Bobby – let’s keep it simple!
BIG DITTO ON THE PHYSICAL…………..
LONG TERM TREND ……..is your friend……
GREAT TO SEE SOME NEW NAMES COMING IN WITH COMMENTS…..
Remember what this site is all about…..LEARNING FROM EACH OTHER.
Been a very long time since I’ve posted
Don’t shoot the messenger being Gary Savage…if the global economies experience a Liquidity collapse brought on by the issues in China….and or Japan….a 2008 waterfall event could easily unfold, the US$ Index rose 12 cents in very quick order sending Gold nose diving, $1050 would be a very real possibility….during a liquidity crisis the leveraged global money returns to the mean and that’s the US$…Not Gold!
Good luck all……….
Geez I have the same outlook as Doc and Rick. I sold at teh exact top. And called it right here on Al’s show on Mar. 17th. I’m not sure how that is a wrong call.
Gary, its a loosing battle with those that are in the buy and hold crowd…as your well aware EVERYTHING must be traded today and the chart indicators change often as its ALL about price, screw fundamentals, they died in 2008!….now stop patting yourself on the back with your Top call!…lol….give me the exact day of Gold’s late spring low…the charts dictate your daily opinion as it does every trader…I’m well short and will use any pop in the miners to add to my short positions
I’ll give it my best shot on calling the bottom. If gold were to break 1179 in the weeks ahead and if it does get to 1050 then I will be buying heavy.
Inflation of ifs. LOL. Normally it’s only one if which translates to “either it goes up or down”.
Always consider the source, Gary …and I agree with an earlier post on here…if people don’t want to hear your commentary they should not listen in the first place. Consider that most on here hold onto bullion and invest in shares…so hearing gold is about to plummet can be unnerving for some…Its a chance to profit both ways as I see it, puts in gdxj and then buy on the turn….I would love to see where allied nevada ends this year…trading under $5 but it was over 40 in the boom…$5 Jan calls for probably $ 1 soon and boom! 35x your money!
I think a few people are willfully misinterpreting what I’m saying. This has nothing to do with fundamentals. This is pure manipulation and that’s all it is. GS and JPM have made a public call for $1050 gold and they are going to do everything in their power to make it happen.
Does anyone really think that premarket hit on Monday was a natural event?
Seriously folks, open your eyes and acknowledge what’s going on, and instead of standing on the tracks and getting run over step out of the way.
I warned everyone on Mar. 17 to take profits but apparently there are a few here who would rather stubbornly watch their profits fade away and then make up some ridiculous story about a mysterious missed call.
If you had paid attention you could have gotten out with all your gains at the exact top.
Heck Doc has been telling you the same thing for a couple of weeks now. I guess these people didn’t listen to him either.
Gary you were calling in Dec for $1050 Gold on Al show. Never happened. You also didn’t call any TOP on Mar 17. Saying “take some profits”is not calling the top. Take some profits means selling 1/4 or whatever part of your position. That’is SO FAR from selling 100% (calling the top). I guess you will not say it’s matter of interpretation. It’s not. If you say. It’s intermediate TOP. Get out gold is going lower. That is calling a top.
Also Goldman saying $1050 at the time was nothing but trash talk for traders like you and rest to sell so they can go long, well they’re long already at that time if they are saying it. Point is you do opposite as they’re f@acking liers as i’m sure all ppl know. My point is be decisive with your opinions. Pissing all around with your calls and then saying i called it cause you hit 1 out 10 calls anyone can do that. Not a art at all.
Also you were calling for intermediate top at $1420 so there is another one of your failed calls. You have more failure then good calls. I’lll say your call for retest of $1180 will fail also. But then again 2 months later you will be saying you never were calling for it. AND THAT IS WHERE THE ISSUE IS. PISSING ALL OVER THE FLOOR AND CALLING IT. LOL
SEB,
Absolutely false. I said it time after time after time, that the manipulation was trying to take gold to 1050. I said it was anyone’s guess whether they would succeed or not. All the while folks like you stayed in and kept getting run over day after day after day until we finally got the bottom at the end of Dec. While I had already exited back on Sept. 3
The same thing is happening again this year. As gold heads down into it’s yearly cycle low they are going to beat on it again and try to take it to 1050. Again I don’t know if they will succeed or not, but I damn well know they are going to try.
So I want to stand aside just in case they do.
I’m sorry but technicals just can’t tell one how a manipulation event is going to play out. By it’s very definition a manipulation is an artificial event so technicals are worthless. All one can do is recognize what is happening and stay out of the pool until they either succeed or run out of ammunition.
Now I’m going to say this again. The chances are better for them to succeed if they can keep this decline moving aggressively lower. If it slows down a nd stagnates then they probably won’t get it there. It all has to do with the intermediate cycle. They can stretch it a bit. But for them to really have any chance of getting gold to 1050 they need to get it to 1200 within the next 3 weeks. If they do that then 1050 here we come. If not then inverse head and shoulders is in play.
The top at 1420 was negated during that pre FOMC hit. That’s why I told everyone to sell on Mar. 17.
One has to be prepared for these manipulations in the metals market. Let’s face it. these are rigged markets. Instead of complaining because JPM didn’t let gold hit my target I just recognized immediately what had happened, and exited at the exact top.
I’m sure the manipulation follows your daily, monthly and yearly cycles. LOL.
dress,
Of course it does. The easiest time to manipulate any market is when it starts heading down into an intermediate cycle low. They broke golds intermediate cycle before it could make a higher high. That opens the door for another attempt to drive gold to 1050.
Like I said several times this past week, the premarket attack on Monday was an incredibly well timed event. It ran everyones stops below 1320 and took all the technical traders out of the market. That’s why the bottom has dropped out of the gold market.
Gary,
So yes no one knows. You’re guessing just like everyone else. I do like your cycles but they can be broken due to manipulation. My friend just texted me that silver is getting murked. Whenever he txt me it always in past marks bottom. When he gets excited it marks tops. So I will stick with $1280-1275 100ma line and H&S call. I really do not see where cartel can get physical to meet demand at $1200 or even $1050 gold. It think Comex will be in trouble at those levels due to china and india demand. I’m waiting for Madi in India to get elected so he can sqash these f@acking cartel bugs that been murking ppl since 2010.
There is still plenty of physical for delivery. The comex hasn’t run dry yet. But it’s assumptions like this that keep people holding for far too long. You’ve already let JPM take you for a 20% drawdown because you refuse to acknowledge what’s happening with this belief that some how the fundamentals will save you.
Face it, this has nothing to do with fundamentals and everything to do with theft. Until you stop them JPM and GS will just continue to take your money away.
All I can say is that I’ve been listening to Gary lately and making good money. Thanks Gary
Wow that was weird. For some reason my last two posts printed under the name JT.
Weird? You have all kind of names! LOL!
I used to have a sign on my desk-“when two people in an organization think alike, one is redundant”.
I like ti hear everything just to check my thought process and emotions.
Gary, as I have stated before is a trader, short term trader. Short term traders have a different approach than swing traders vs long term traders. All he is thinking and saying, I think is there is more downside risk than upside in his perspective. That’s what markets are all about.
As long as paper markets in gold and silver can be manipulated by having naked unbacked short paper that can be created easily with some keystrokes, we have a problem with supply overwhelming demand.
That will come to an end eventually. Just look at the April gold contract . and total OI-40 million ounces-thats 1200 tonnes. Of which most is unbacked. At some point everyone who owns physical thats held elsewhere should want to know thats actually there and not promised multiple times.
We all know this is the big Kahuna problem
Then what happens when derivatives blow up (caused, uh, by a quick escalation in interest rates or quick 5-10% decline in USD. Of If G7 goes bye bye and G20-which include China and Russia, does not put up with the US crap.
Maybe a little war here and there and a loss of US prestige.
I am not saying this govt or adm would lie but what if the 10 year cost of Obamacare rather than being the 700 billion forecast when the legislation was passed, which is not nearly 3 trillion, becomes even more? Just saying cause everything on Obamacare has been “spot on” so far, right?
What can possibly go wrong?
We have so many major problems we cannot even prioritize them.
I appreciate your efforts Gary.
I mentioned the other day you nailed the precise low for shares I was trading.
Now, I have to decide if I “shoot” for a bounce at 1280 and get out or just stay out.
Being the scientific fellow I am it will probly depend on my mood at the time.
And if I pick wrong its obviously all your fault. lol
Thanks for all your efforts and Rick Chris and Doc too.
the other thing, there are almost unlimited tools available to the average person to add value in a portfolio. For example, I will write calls when the charts indicate toppy or even a rest coming (imagine the hustle I had to do late 2010 and into 2011 to unwind those short calls)and now I’ll write some puts which also pull in money, but only on what I want to put in portfolio but not completely enamored with current price.
I have bought puts and now use DSLV DGLD and DUST to hedge but that’s when I am pretty sure there is going to be a selloff (and I want to keep my long positions for several reasons including long term tax status.
I think there is short term risk to the area 1250-1270 but I think most of the selling has occurred and is related to this option/futures expiry (will be interesting to see OI in April contract tomorrow.
Some day they will not be piling on selling to drive down prices ahead of expiry because we will be having panic short covering.
As said above, there are too many moving pieces in this world now-most of which result in gold friendly results probably pushing aside manipulation.
Mr. Savage has a proven record of making money, this is why thousand of followers are profiting from his advice… For investors who are risk averse, dislike daily movements, and/or are confused by the ins and outs of technical analysis and its daily cycles, then obviously this show is not for them…
Thank you Mr. Gary for your bold calls and your quick and shift technical calibrations that are proof of your true mastery in the art of technical analysis…I suspect that those who dislike you, either have no clue of what you are talking about, or maybe they do not want you to become too popular…
LMFAO!!!
Gary is desperate, you can smell the desperation from his voice. The man has lost millions for his subscribers, many have lost their retirement savings following this midget’s advice. Due to his height, Gary has been bullied and mocked all his life and dreams of “getting back” by becoming a stock market guru. Gary simply has no conscience about destroying people’s accounts with his idiotic predictions stated with utmost confidence and certainty.
Strange that Mr Savage has his devotees (Speedy, new to this site?) versus such vehement foes (Tiho and others) – Something ain’t right.
Seems the rabid critics come out when gold price starts to decline.
Wounded speculators lashing out?
Not me GH – I don’t give the proverbial toss which way gold goes…..it’s insurance – PERIOD!
Andy, the controversy is linig big Al’s pockets.
My guess is fraudulent posters..some people have not in better to do.
GARY SAVAGE CON EXPOSED
say something bullish, say something bearish… then a few weeks later if price goes up point to your bullish comment and say see i was correct, when someone brings up the bearish comments BAN THEM, if price goes down, point to bearish comment and say see i was correct, when someone brings up bullish comments, BAN THEM
It’s just killing you that I called this perfectly isn’t it?
Got the top on the exact day, and got my subs out with all their profits intact.and then called the premarket attack on Monday that it had broken the intermediate cycle.
While the ostriche’s like you have their head in the sand the SMT is sitting on the sidelines with all of our profits intact and waiting on the next opportunity.
Actually we have a great opportunity in other unmanipulated commodities and as I said yesterday we entered positions in CORN, DBC, JJC, DBA and SGG.
And another troll gets swatted LOL
Al and ALL his guests are a JOKE. Never right about anything…..I just come here to laugh at all these stupid predictions….After a little bump up Gary will change his mind again.
And we get another premarket attack.
Like I said one has to acknowledge what is happening and get off the tracks or JPM and GS will rob you blind.
When I look back nine years ago it was pretty easy playing the gold market based solely on the layman’s fundamentals but now it is impossible to see the various set ups without taking in advice from others particularly Gary Savage. I think he has proven himself for those who want to short term trade particularly the juniors, for me for now short term trading is where the action is. DT
Whats with the two different names..Gary and Toby..I really dont get that. My impression of Gary/Toby and 95 percent of these suposed financial gurus is that they always carefully word their statements so they can come back and say they were correct. A lot of times I will hear people these guys say a correction is coming in gold but its normal..bla bla..but then gold will drop 10-15 percent and be down for several months. Then the guru will say he was right..it was a correction..then people will say to take some profits..and will later tell people they called the top even though taking some profits is not at all the same thing. Most of these people including Gary Toby are nothing more than used car salesman..snake oil salesman..they are always right and always making tons of money..come up with your own plan..
jonny, don’t you think that coming up with your own plan includes reading and attentively listening to other sources, how else can it make sense? DT
Do you remember Roger Wiegand jonny? The guy was made to look SO ridiculous with his excessive optimism he left Al’s site of his own volition or because he was pushed …..Never did find out why he left without trace!!!!?
Funny Gary following the daily trend again and talking about cycles at the same time. What a schmuck!