Gary Savage – Thu 24 Oct, 2013

Gary Savage and the “Death Cross”

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Featuring:
Al KorelinGary Savage

Comments:
  1. On October 24, 2013 at 9:20 am,
    Dan, calgary says:

    Here is a death cross I hope. This is a double bear silver ETF.

    http://stockcharts.com/h-sc/ui?s=HZD.TO

    Dan

    • On October 24, 2013 at 10:13 am,
      SD Marc says:

      THE ONLY “DEATH CROSS”I SEE IS FOR INVESTORS WHO HAVE NO PHYSICAL GOLD AND SILVER POSITIONS..PERIOD…..

      • On October 24, 2013 at 10:23 am,
        bj says:

        “….sit tight and be right:”
        http://mcalvanyweeklycommentary.com/

        • On October 24, 2013 at 10:25 am,
          SD Marc says:

          Mcalvany is simple AWESOME! The guy is so articulate and level headed…hell is should be fed-chairman..oopss..wait a minute! He isnt STUPID! ….:)

      • On October 24, 2013 at 10:28 am,
        Matthew says:

        A death cross for a bearish silver bet is a golden cross for silver longs. The breaking down G/S ratio is also good for silver and bullish for the whole sector. The S/G ratio will break out when the G/S ratio breaks down. It’s all good.

        • On October 24, 2013 at 10:46 am,
          Dan, calgary says:

          Precisely. Overlay these two charts and they are very similar. Me bullish.

          Dan

        • On October 24, 2013 at 1:15 pm,
          Joe says:

          Matthew,
          Exactly what I thought when I looked at that chart. A “death cross” on a bear ETF is a positive for silver/gold or whatever. Whoever put that chart up as a negative doesn’t know what they are talking about.

          • On October 24, 2013 at 9:44 pm,
            Dan, calgary says:

            Read my posts again!

          • On October 24, 2013 at 9:52 pm,
            Matthew says:

            Yup, Dan knew the chart was bullish for silver, not bearish.

  2. On October 24, 2013 at 9:21 am,
    Dan, calgary says:

    The G/S Ratio chart looks like it is breaking down also.

    http://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER

    Dan

  3. On October 24, 2013 at 9:31 am,
    james (the lesserrr) says:

    THE TWEET HEARD ROUND THE WORLD

    This is the reason why gold is not rolling over –
    Because the smart money knows what is going on in this country.

    Carl Icahn tweeted once again today that Apple needs to buy back its stock.
    Why?
    Because they are sitting on too much cash and they are not earning for it.
    He said they can borrow money so cheaply

    He then went on to say unequivally that the MARKET IS NOT REFLECTING THE TRUE ECONOMY AND THAT A DAY OF RECKONING IS COMING.

    These were his words not mine.

    He stated plainly we have asset inflation and people are forced to put their money in the market in search of yield.

    These were his words not mine.

    Clearly he knows what he is talking about. More than I or GS or any one else on this site.

    Respect and heed his words

    So forget about “death crosses” and GS $1000 guess and stick to the big picture and listen to the smart money

    This is why gold isnt rolling over!

    • On October 24, 2013 at 9:48 am,
      Ricky Lee says:

      James Agreed! The picture has been painted for all to see! The ones who have any Money sense know what to do!… not rocket science!

      Have a good day! RL.

    • On October 24, 2013 at 10:06 am,
      Big Al says:

      Thanks The Greatet

  4. On October 24, 2013 at 9:35 am,
    franky says:

    Gary savage tha market are 100 % manipulation so ! You can miss the boat UP and down ! BUY THE WAY IS UP NO CARE GOLD 1500 $ ORE 1000 $ all same MIS THE boat and yo yo now ! With all due respect BUY BUY GOLD !

    • On October 24, 2013 at 9:54 am,
      Ricky Lee says:

      For Sure Franky! Bob M. said it very clear! Who Cares the price is now don’t look at a gifted horse! >> later it will Rock on up! You Know! Wise man once said!… You can see things happen…. You can Make things Happen….. Or you can say what the hell happen! RL.

      • On October 24, 2013 at 10:08 am,
        Big Al says:

        Thanks for the comments Franky and Ricky Lee.

      • On October 24, 2013 at 10:14 am,
        SD Marc says:

        Love that “wise man” saying…very true!

  5. On October 24, 2013 at 9:57 am,
    JERRY the Long..................O^OTB says:

    OFF TOPIC…………did anyone listen to Coast to Coast last nite……
    the guest was McAfee….the guy who invented the soft ware McAfee…….
    McAfee said ,,,the OBAMA HEALTHCARE SOFTWARE can not be saved, and will continue to crash……..the morons who developed the software did not know what they were doing……and the only way the system can be fixed is to replace the entire thing.
    The role out should have started two yrs. ago…..This can only mean the system will not be implemented by January 2014…..and the younger people that are required to fund the mess will not participate and will further stress the healthcare OBAMA scam…..
    The insurance scam will come to light, and the fed will have to print even more money.

    Next ITEM………..”OBAMA TAPS MERCKE’s PHONE”……………good relationship and trust……….Germans are going to tell the US ARMED FORCES TO HIT THE ROAD., GERMANY DOES NOT NEED PROTECTION………”

    • On October 24, 2013 at 10:04 am,
      JERRY the Long..................O^OTB says:

      Merkel…sp…….?yOU KNOW ,,,,the gal that runs the germans…………

      • On October 24, 2013 at 10:06 am,
        JERRY the Long..................O^OTB says:

        THIS IS A DEATH CROSS…………

    • On October 24, 2013 at 10:10 am,
      Big Al says:

      Obama taps whose phone?

      • On October 24, 2013 at 10:18 am,
        JERRY the Long..................O^OTB says:

        Angela Merkel…….German leader………..

        • On October 24, 2013 at 10:23 am,
          Big Al says:

          That’s who I thought you meant.

    • On October 24, 2013 at 2:37 pm,
      Andrew de Berry (Rev) says:

      ….AND Hollande plus 70.3 million taps on the French people during a 30 day period, AND Premier Letta of Italy AND President Rousseff of Brazil, AND others in the Mexican govt.

      How to win friends and influence people…..

    • On October 24, 2013 at 6:07 pm,
      Ann says:

      Sure did,John Mcafee, wow,very interesting !!

  6. On October 24, 2013 at 9:59 am,
    JERRY the Long..................O^OTB says:

    correction” role out” ….roll out……….this entire thing is role playing ….Obama playing the role of Caesar….maybe he could start a pizza business and have more success.

  7. On October 24, 2013 at 10:48 am,
    deborah lee says:

    When Gary said we are in a cylical bear in gold within the secular trend and refered to the death cross as part of the cylical downturn, I totally agree,WHY, The blow-off stage is still waiting.In a true top or mania stage…A lot of people are in and own it..think of the technology blow-off in 20000. Well I BELIEVE LESS THAN 2% or about own gold in a 401K OR A mutual fund and physical probably worse..THAT IS MY TAKE… THANK YOU

    • On October 24, 2013 at 10:52 am,
      Big Al says:

      Thank you Deborah Lee

    • On October 24, 2013 at 12:16 pm,
      SD Marc says:

      Past history says u are spot on – Deborah!