Comments from Gary Savage
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Thanks very much, Tim.
We appreciate your feedback.
Al
BIT-COIN NEWS ! https://www.youtube.com/watch?v=kEI2SPiU1iE !!!!!!!!
Gary, what do the big banks and Fed have to gain by keeping the price of gold down? What is their plan and motive? How long do you think they will keep this up?
Bill
That one is easy. PROFIT.
If they know which way they are going to take the market then they position ahead of the move.
the” position” they take is CALLED FRONT RUNNING, MANIPULATION PERIOD…
Profits..no……ROBBERY YES….along with control , power, greed and slavery. The fed is just a tool, the banks are members of the cartel, …………….Gold can not be printed, ,,,,,in a matter of 4 yrs. the Fed has MANUFACTURED $4 TRILLION DOLLARS(PAPER)…….there is not $4 trillion dollar worth of gold that can be MINED (at current prices) in 4 yrs………Get a handle on what the FED(banksters) are doing to manufacted FIAT CURRENCY, and the question is simple.
READ some Roman history on debasement of gold …..coin clipping……and see what happens to an empire…………..
Have you taken your medication yet today, Owl?
Flip Flopping CAN MAKE A SMALL INVESTOR LOSE ! SO BY VERY KLEEER ! YOU NEVER SELL REAL GOLD !
THE BANKSTER BASTERDS ARE NOT GOD ! GOLD CAN GO UP CRAZY ANYTIME 88888888 ! BUY BUY BUY !
Basicly what you guys are talking about is human behavior and paper trading.
It really isn’t about global currency to above ground gold and silver stock pile ratios. As a physical long investor I don’t want the market price. I want the world economy divided by the above ground silver bullion stockpile exchange rate.
The exchange rate might do me some good but the market price won’t. This idea that paper metal and physical metal are fungible with each other has to be discredited also. They are not the same thing.
By the way Al the old style audio player seems to be better than the new one that is sometimes found on your website. Some times the older technologies are better.
Thanks Steven
Hosts supporting Gary for the first full three minutes after some guys told the truth about Gary yesterday. We will mark yesterday’s interview and see how it plays out.
Why do you bother listening. Does your commentary do something for your ego?
If you don’t want me to post here just say it plain and simple. But of course I could post something here that is more to your liking. Is that what you want?
I don’t know about Al but I’d be delighted if you never posted another whiny post again. That would be great.
That’s good advice from Gary: Don’t trade gold because the market is rigged. Trade stocks instead, it’s manipulated upwards. Very good. So what’s the point of asking Gary every day for his opinion on gold then?
Gary makes it pretty clear regarding short term vs long term. it people can’t understand the difference then they have no business trading..period… In my opinion Gary does an excellent job of interpretation concerning the charts and programs he uses.
if you don’t understand trading then simply accumulate the physical metals, put them in a safe place and forget about it.
Oh no. We understand different time frames. Yesterday afternoon Gary came out with a breaking news interview called “A dramatic short term prediction from Gary” in which he stated gold might be hammered. This interview was published while the markets where still opened. Very unusual for Korelin Economics Report. Today he is saying the “daily cycle low” has “probably” been completed and gold will go up for four to five days.
So what time frame are we talking about here?
Gary is a schmuck! I keep on saying this until the hosts tell me to stop it because it’s obviously not very polite and actually not my style. But it’s just the plain truth.
Dress………that is the great thing about this site….unless you get to rude, some of the family will most likely just ask you to be more polite……………just saying,,,,and thanks for your thoughts…………
I will stop calling Gary a schmuck. Don’t like it anyway. It’s just again my nature.
that’s ok,,,,we all get PO…and like to Rant……….welcome to the family…….
Right, you confessed it, it is your nature, what makes you think that this time is any different M. Dress ? Sorry, but certain behaviors cannot be tolerated as being cool… sounds like perpetual adolescence and outright immaturity…
Oh, thanks Speedy. Typo: again-> against
Thanks Dress. Typo: dressed -> undressed, unmasked, to reveal the true character, to be exposed for what one truly is…
LOL! 🙂
Thanks for interjecting a bit of sanity to this guy Gator!
Sanity would be to say what time frame we are talking about or else it is just bla bla bla. From now on you could ask Gary this question in very interview on gold which he is not interested in anyways as it is all manipulated.
I’ll put this comment out there…..
In the last 2-3 years would it have been better to be a long term fundamental investor or a swing trader…..put up ANY precious metals chart of bullion or the miners…it clearly suggests one must trade their positions.
Good luck everyone….be back at the late spring bottom…Fwiw I’m short Gold and the mining index since gold DID NOT hold a key level at $1355
At 321gold.com, they have a link today to some updated technical analysis from Morris Hubbartt. He takes you through 4 video-based chart updates (gold, silver, mining stocks ETFs and the US Bonds).
I think he has been doing a good job. Here is a link, for those interested:
Thanks Eric, he does good charting.
I also watched these videos this morning. I felt like he explains his predictions very well based on straight-forward trending lines and some classic TA.
Hey Eric, I copied your link to 321gold earlier, before your comment to me and didn’t realize who it was from. Those are interesting videos (just watched) and I’ll be watching to see if Hubbartt’s predictions pan out. He’s much more bullish short-term (April/May) than Gary or Doc and not expecting the bigger pull-back. Do you follow Hubbartt and does he post very often at 321gold, or other sites? I may ask for that free offer he posted. (BTW, regarding Tony’s site. Do you post there? If so, under what name?) Enjoy the weekend…and Spring…finally!
Hi, Mike
I read Tony Caldaro’s posts all the time, but have never posted there.
Hubbartt posts at the 321gold.com site with some frequency. 321gold is a great site, in general. It provides new links to a variety of articles each day, along with press releases from mining companies, etc.
Hope you have a great Weekend!
Morris Hubbart has never been anything but bullish.
I don’t fund much value in his work. He was bullish the entire way down and pulls out anything, even the smallest most meaningless indicator as a reason to be bullish. In this piece he using arc’s which don’t mean or imply anything. A few weeks ago he claimed there was a cup and handle on the gold stocks, which showed no understanding of a true cup and handle pattern. This being said, maybe he is a great trader and able to buy and sell at the right times. His analysis though leaves a whole lot to be desired.
Hi, Timmy
I don’t take any analysis as the gospel, but find that you can pull a nugget from here and there. Some of what Hubbartt presents I find useful and I really love the way he packages the analysis in video format (with notations on the fly)
Interesting post on physical gold over at Zero Hedge
http://www.zerohedge.com/news/2014-03-28/japanese-prepare-abenomics-failure-scramble-buy-physical-gold
Thanks for the link, Chris.
I have long believed that we are following the Japanese playbook, step-by-step. As you know, they have had several iterations of QE (arguing over and over again that it would fuel economic growth — only to see their domestic economy and markets roll over once again).
This latest move was a desperation, bet the currency, strategy which could result in the destruction of the yen. They are now reaching a point where a significant portion of their budget is dedicated to debt service (approaching the so-called Minsky moment)
My guess is that we are continuing to get an advance view of how the drama will unfold in the US — one version of QE after another, until the debt service burden becomes so enormous that the house of cards finally implodes.
But here’s the key — an implosion in Japan, in which the currency of a developed country gets seriously devalued, could be a ‘light bulb’ moment for US investors. Thus far, the devaluations and hyper-inflations were largely in the 3rd world, and the typical western investor could go on believing they are immune from a similar outcome.
When it happens in Japan and stories come out about the minority of Japanese citizens who preserved their wealth through gold ownership, it’s going to be a tremendous wake up call for Americans and Europeans.
Long time listener, first time comment. Anyone bashing Gary is way off. I have listened to him for over a year. He’s in the zone. Additionally, when he talks about The Dollar you need to pay attention because he’s been almost dead nuts on. As for changing calls or pointing out issues for concern…. Ummmm, that’s the way it works fellas because things change. Always have and always will. Don’t know of anyone that publishes how the markets will go for the year on January 1 that takes the rest of the year off…. Well, maybe some guys at Goldman Sachs and JPM.
So… Gary, if this gold market is so manipulated, why not ditch the stupid thing and concentrate on another sector?
If you have to spend all of this energy worrying and analyzing about “they” and “them”, just forget about it!
That’s exactly what I did. I sold my gold positions on Mar. 17. As I said yesterday I’m buying assorted commodities. DBC, DBA, CORN, UNG, JJC & SGG.
These markets are trading freely so I don’t have to worry about manipulation.
That’s what I’m saying. It doesn’t make any sense to ask Gary on gold. We should ask what he thinks about sugar, corn and beer or whatever. 🙂
Mmmmmm…..a beer ETF…..one day maybe!
Attention:
-all unpaid trolls report to the schmuck room:
http://welcometotripcity.com/wp-content/uploads/2012/03/Schmuck-Diaries-Writing-noclass.jpg
-all paid trolls … as you were.
Irwin, what is a “paid troll”?
AL , CORY , AND RICK ACKERMAN GARY IRWIN AND ALL OFF YOU NEED TO ! https://www.youtube.com/watch?v=n67RYI_0sc0
Gary: I always enjoy your opinion, it helps me think about things in a different way. I don’t expect you to nail every move or be right every time. Big Al thanks for this site and the different opinions you bring together!
I suggest the providers make sure comments from different users are not coming from the same IP address. Yesterday we had Gary posting under different names.
Another form of “market manipulation.” 😉
really GATY ? ? ?
GARY REALY ,,, ?????
I noted yesterday that for some reason my post printed under the name JT. Why would I expose myself if I was trying to sneak something over on folks.
Do you even think before you post?
“Well, I think for some reason…” because it was so obvious e.g. by the used language in these longer comments that you posted. 🙂
Nobody confirmed that such a thing happened ever before. Very suspicious!
I will try to achieve the same. In case of success I will apologize.
why cant someone like bill gates or buffet take a giant position and hand their heads to them?
THERE is an old saying…….”Nothing is Free”, including advice……..do your own DD.
He might tell a good story but he is dead wrong 100% of the time.
Al should do some research into his “expert” guests before he promotes them on his program. Gary has killed thousands of subs. He sucks them in with his commentary and then blows up their accounts one by one. Stay away from Gary as he is very dangerous.
PS – Not only is Gary wrong on his PM calls but he has recently started telling his subs to buy 3x QQQ ETF’s. He’s losing his shirt on these too.
Al should know better.
I’m not sure how accurate Gary’s forecast have been over the long-term nor from his newsletter. I have been listening to his commentary here for several months and he seems to be pretty good at upside and downside targets, although not always correct in which direction the market ends up going in. But who is.?. And since his commentary is here daily (for free) and he adjusts it when he feels necessary, one can follow his predictions and decide how accurate he is. I agree the gold market is manipulated, so trying to make exact short-term predictions is impossible. Longer-term is a different story.
A couple days ago I commented on Gary’s interview that I’d like to have a target for his “guesstimate” of a bounce. So now we have it. Watch for a possible bounce in gold to around 1,320 by the end of next week (Friday’s March Jobs report). Sell that bounce and (for the medium-term) go away from gold (or short) until the end of May or mid-June. Then back up the truck for a significant rise in gold (and the miners) for a strong bull market into next year. Let’s see how this plays out.
Of course with daily commentaries there will always be adjustments. For instance, if Russia were to invade parts of eastern Ukraine, as some fear, all bets in gold would be off…to the upside I suspect. Just my 2 cents. (I guess my 52 cents due to the length.) 🙂
Thanks very much Mike!
Hi, Mike
do you happen to frequent Tony Caldaro’s site or Tim Knight’s Slope of Hope, by any chance? I have been a long-time lurker at their sites and I thought I recognized the avatar.
have a good weekend
Hey Eric, Been on Tony’s site for a long time. Great TA, but light on gold. Been on Slope also. Short-term predictions for equities and gold very difficult this year. Long-term should see new yearly highs on both…I think. Don’t fight the Fed…at least this year. 😉
one reason why gold might not get hammered is there is not much in the way of physical around and lower prices would trigger more physical buying.
Shanghai delivered 20 tonnes yesterday-China might be screwed up but its using its fiat and USD fiat to buy gold. and the people of China do like to buy gold too.
Thanks Hal, good point.
We will be discussing that on the upcoming Weekend Show.
Thanks for asking about gdxj Al
I sold some gold juniors today that have shown a small profit but money is money and you can’t lose if you buy back in when the indicators are up if you can sell at a profit again. Pigs get slaughtered. DT
NO…………HOGS get slaughtered , PIGS get feed…………ootb
A few months back when I was doing Options in GLD, I was a sub on Gary’s site. I had bought some options on the dip, thinking it was just that because so many analyists said gold was going up. Gary said not so and to get out on the bounce as it was really going down. I did as he advised, made a few bucks and saved my bacon for another trade. If it had not been for his excellent way of explaining why he thought it was going down, I would have stayed in and lost money. So I’m a follower, not blindly, but I will renew my subscription to his site when I start trading again. You may respectfully disagree with the idea, but don’t attack the person! In short, if you don’t think he knows what he is talking about, don’t listen.
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
Thanks Tiho, good point.
We will be discussing that next week.
No one can accurately predict the future. Gary is no better or worse than anyone else in that regard. He is basically calling balls and strikes every day as they happen. No famous market timers or technical analysts in high positions use cycle theory because it is not objective. It is akin to a palm reader rubbing a crystal ball. Daily cycle, intermediate cycle, yearly cycle…..huh? These are completely artificial things that provide no objective or actionable value to the listener. Gary has a serious credibility problem because he not only writes under a second alias but after marketing himself as better than hedge fund managers and mocking the manipulation school, he himself, instead of taking responsibility for his errors now blames manipulation. The criticism of Gary is justified because he is dishonest and can never admit when he’s at fault.
Hey Tim, why don’t you simply BEHAVE LIKE A GENTLEMEN by giving your opinions in a constructive manner and simply move on if you disagree with the hosts and the guests on this forum? Instead, you MISUSE and ABUSE your rights and liberties on unsubstantiated ATTACKS, FALSE ACCUSATIONS and CHARACTER ASSASSINATION… This amounts to outright HARASSMENT! No need to remind everyone how some renown psychopathic dictators used the democratic process to propagate false and propagandists ideas in order to distort and hijack the open market of ideas … I would not be surprised if your pathetic mind takes it as a compliment, the only type of personal achievement that you seem to enjoy with some of your lilliputian bodies, this is why people like you should always be exposed. Too bad there is no “ignore” button on this forum because sterile comments full of hot air like yours are plain nuisance.
All
Maybe we should just ignore the trolls. They post for attention.
Count me as a Gary S. fan. I don’t expect him to always get it right.
The comments of Dress, Tiho, Yrag, TimmyGoldBug23–worthless griping, no constructive input. As if we can’t all make up our own minds about Gary’s work, given he’s willing to stick his neck out every day and tell us what he’s thinking.
I used to prescribe to Gary’s newsletter, and one thing I can say for sure is Gary NEVER takes responsibility for a bad or mistaken call.
gary is a total kook. If one has any doubts just go back and read the early smart money tracker when he espoused the COT as the only true indicator and “technical analysis is a bunch of hocus pocus and trend lines are just squiggly lines on a chart” His words. Now he is all over technical analysis. one only has to go back and read hos blog when he started it to see that hes a complete hypocrite and just keeps going from one style to another. I used to respect him but that ended long ago. He is just all over the place now.
I am long term in the precious metals! I love to listen to your site especially Gary! If the “boyz” bust gold down to 1080 or whatever I will just buy more. Heck, that is a gift for me! Agai n I love your site. Thanks! CIGA Tim Winston