Pundit's Perspectives – Wed 5 Jun, 2013

Gary Savage provides an update from yesterday.

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Featuring:
Gary Savage

Comments:
  1. On June 5, 2013 at 1:59 pm,
    gary says:

    Chart of what I think is happening in stocks. We are definitely into the final euphoria stage of this 4 year bull market.

    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=16&mn=6&dy=0&id=p78637628431&a=271463246&listNum=1

    • On June 5, 2013 at 4:23 pm,
      Big Al says:

      Thanks Gary,

      Big Al

      • On February 2, 2014 at 7:26 pm,
        Nimitha says:

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  2. On June 6, 2013 at 7:51 am,
    cfs2000 says:

    Big Brother is recording….
    Section 215 of the Patriot Act, which authorizes the government to make broad demands on telephone carriers for information about calls. In this case, the Washington Post reports:
    An order requires Verizon to provide “ongoing, daily” information about “all call detail records . . . created by Verizon for communications between the United States and abroad; or wholly within the United States, including local telephone calls.”

    The FBI, which apparently sought the order, declined to comment. Spokesmen for Verizon and the court also declined to comment.

    Civil liberties groups were quick to criticize the sweeping nature of the order.

    “This is a truly stunning revelation,” said Elizabeth Goitein, co-director of the Liberty and National Security Program at the Brennan Center for Justice. “This suggests that the government has been compiling a comprehensive record of Americans’ associations and possibly even their whereabouts.”

    • On June 6, 2013 at 8:15 am,
      JERRY the Long..................O^OTB says:

      If people do not stop and start acting …….this is not going to end well……….ootb
      SOLUTION…..GET RID OF THE 535 ……including IMPEACHMENT ……..

  3. On June 6, 2013 at 8:30 am,
    Sean says:

    Guys, be careful with this so called Guru-Gary-Savage. He lost the shirts of his subscribers in the last 6 months. Spent some time to dig out his previous posts at http://smartmoneytracker.blogspot.com/

    1) When he has a hot hand 2 years ago, he used to labeled himself as Best-Hedge-Fund-Beating record.
    2) And he ridiculed anyone that think Gold/Silver market is manipulated. He said Market Supply/Demand + Mother Nature will only squash any manipulation and will only result in higher Gold bull.

    Now he lost his subscribers base immensely, and looking for new blood to feed on. And he now actively promoting that Gold got beaten is ALL due to MANIPULATION!!!

    Phew. Run away from hypocrite Gary.

  4. On June 6, 2013 at 3:04 pm,
    Pebete says:

    I can just talk as an ex-subscriber and I am going to repeat myself here: Why do you keep paying attention to this guy Gary? (horrible investment advice and record, lost money for all his subscribers, awful timing). Seriously Why? Every time he predicts something the opposite happens. GARY CONSISTENTLY LOSES MONEY FOR HIS SUBSCRIBERS – DO NOT EVEN ATTEMPT TO FOLLOW WHAT HE RECOMMENDS BECAUSE YOU WILL LOSE MONEY. This guy is dangerous since he is not only losing money; he is also inexperienced, in denial and arrogant. You know what he told me when I started questioning him more than one year ago? That my comments were too negative and that he would start using them as a contrarian indicator! Nice way to treat a subscriber eh? That was more than a year ago! When the HUI was around 450. That’s why he had to close the comments section in the “unpaid” portion of his website –because people were complaining too much- and now he is calling us “trolls”. This guy deserves to be taken to court!!

  5. On June 6, 2013 at 4:06 pm,
    Mark says:

    Pebete, he was long the HUI well before 450. Kept saying we are in a new A wave, then a C wave, all the while, positioned in the worst place possible. A blood bath.

  6. On June 8, 2013 at 1:45 am,
    BrutusMaximum says:

    I have been a former subscriber as well and can verify the poor timing and track record that Gary had. Nobody is perfect but when he started to compare himself on a risk adjusted basis to top hedge funds with billions under management he lost all credibility with me. Many of his predictions, just like my own will come true at some point but for trading or investing purposes useless. What is the point when your timing is off by a couple of month , no risk management however sophisticated will make up for that. He has unfortunately nothing to show for with regards to performance for 2012 and 2013 YTD. If he had, I would show it to the world on my blog for everyone to see but since many of his calls are open to extreme interpretations with regards to actual trading or execution, to publish a performance track record is nearly impossible. I can understand why so many subscribers left him and feel betrayed

  7. On June 10, 2013 at 6:55 am,
    hpepper says:

    I am also a former subscriber and can confirm that Gary has lost around 40-50% in miners. He missed the entire run in equities for the past few years. I have made a lot of money by fading Gary. He refuses to listen, and he refuses to change his mind. He calls you the contrary indicator because he is not confident enough to admit that he is wrong and losing money. If you are thinking of subscribing to him, make sure you ask for his portfolio performance for the last 2 years, and ask traders here to confirm. Gary deleted his blogs because too many traders were sharing how much money they lost by following him. To see who is the contrary indicator, ask traders why Gary is covering up his newsletter performance. When gold started to show some strength recently, he shorted miners, so he lost even more money. Gary only makes money from subscriber fees, so check carefully that you aren’t getting scammed.

  8. On June 20, 2013 at 3:43 pm,
    Jean Valjean says:

    @hpepper
    > Gary has lost around 40-50% in miners
    > Gary only makes money from subscriber fees
    So which is it? I think it’s the latter, Gary is a smart guy, he knows what he is (in)capable of, I think that he would not invest his own money in Miners. He makes money only from his subs. IMO