Gary Savage – Tue 25 Mar, 2014

Tuesday’s Thoughts from Gary Savage

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Featuring:
Cory FleckGary SavageAl Korelin

Comments:
  1. On March 25, 2014 at 10:54 am,
    franky says:

    Don’t talk nice GOVERNMENT fraud corruption and manipulation ! https://www.youtube.com/watch?v=1JSBhI_0at0&list=PLD062E76F930ADAFC

  2. On March 25, 2014 at 11:19 am,
    Big Al says:

    You do like old rock and roll!

    • On March 25, 2014 at 11:24 am,
      franky says:

      And good bordeaux WINE ! CHEERS ! BUY GOLD !

      • On March 25, 2014 at 6:17 pm,
        Big Al says:

        Seriously?

        I just scored a great case of a bordeaux blend. The winery is literally 1000’s of years old.

        You would not believe the price!

  3. On March 25, 2014 at 12:15 pm,
    Mr Gold Finger says:

    3 months is way too short. I was wondering about your year to year performance over long term.

    So i take it you have no professional trading experience? (banks, funds anything?)
    —-
    On March 24, 2014 at 3:30 pm,
    Gary says:

    So far this year of the 5 model portfolios stocks are up almost 3% while the stock market is down.

    The commodity portfolio is up 11%.

    The metal portfolio is up 5%.

    Currency portfolio is up 1/2%.

    The bond portfolio is down slightly.

    I have a system that has worked for me over the years based on cycles, sentiment and a bit of technical analysis. Most people subscribe because they want to learn about cycles.

  4. On March 25, 2014 at 3:15 pm,
    stevie says:

    I agree with Gary that we need to have the blow off that he speaks of.Of course there may be events in this world environment that smash that possibility.I am in hold until it plays out.I may buy some gold(miners)again when silver goes to that 19.50 that doc touts it may cut deeper.I do not read charts like you all do but I have ears and feel of.events that will transfer large amounts of wealth to the controllers and in that the God-Fearing will be in it for patriotic and security reasons as well.The inlightened know that very soon as Jesus said “a loaf of bread will be the cost of a days wages.”Someone will be setting up a carrot and wheel that will control lemmings of combat.And tax the hell out of all men in America at the consideration that all are rich because of inflation.A resistance will survive in PMs and Freedom and security will be in Commodities and resources.As we all have heard and believeor we would not “HANG OUT HERE”
    May the Good Lord Light all of your paths and May He in the Wrath to come on man “PASSOVER YOU”May you find Him now!If you have not already.Blood moons coming this Pass over and next.And some other festivals in the falls of this year and next.Judgment or Faith through it.IT IS A VERY IMPORTANT HAPPENING!
    Jesus said “Watch the Heavens”This is it boys,Be aware and be FAITHFUL!THINGS ARE ABOUT TO TRANSFORM!
    God Bless ya all!
    Stevie

    • On March 25, 2014 at 5:40 pm,
      Silverbug Dave says:

      Gary may have it about right about these markets and that ‘s not good news for gold bugs unless they have patience which is not usually the case!

      As for the stock market, I wonder if we are in the third try for stocks to go into a real bubble. The Dow and S&P never quite got to that final blowoff top in the Nasdaq bubble of 1999-2000 and the real estate bubble of 2006-2007. Maybe this time they will because real estate and the Nasdaq have not lead this move really. Neither are at new highs. General stocks are at new highs this time, almost alone among all asset classes. So this could be the actual bubble in the stock market that we have been looking for over the past 15 years.

      Those two previous potential general stock market bubbles in 1999/2000 and 2006-2007 were truncated by the breakdown in other asset classes that were in bigger bubblesand as I recall from 1999, many large cap stocks were already falling in the Dow ands the FTSE because money was being poached out of them to funnel into Internet, Biotech and other Tech stocks in the Nasdaq.

      So the general stock market still seems to have unfinished business, so to speak. I think that kind of chimes with Gary’s opinion on this, perhaps?

      Right now though, the Dow does look a little toppy, similar to at the New Year. There are a few lower highs around on the chart, especially the daily chart. However, that has haoened before and it still went to new highs and the S&P500 chart looks much more perky, as it has over the last year as compared to the Dow 30.

    • On March 25, 2014 at 6:02 pm,
      Big Al says:

      Thanks Stevie,

      When did Jesus say that a loaf of broad will be the cost of a days wages?

      Thanks

      • On March 27, 2014 at 8:48 am,
        stevie says:

        Al
        It was actually said in the Revelation of Jesus Christ to (Eyes ears and being)ofJohn the revelater.While he was being shown what the days directly ahead of us.It is Rev.6 and verse 6something like” A quart of wheat for a danarious”This would take a deeper look at the silver coins value.In normal value it would or did buy eight quarts of wheat.A Weeks worth for most families.Somewhere and close in memory is that a quart makes a loaf.This is how I deduced that Jesus said this we would have to discuss my theology in depth to explain it fully.It is similar to what Jesus told Thomas.”when you where under the fig tree I saw you”He is omnipresent in my view.The text is a view for John into what I consider the times we are about to go through.
        Like I know,If you did not see the same things from today.You would not be trusting in the industries that you are.It does come from within for each of us.DEDUCTION if you will.INLIGHTENMENT!With out none would be successful.Good questions though Al.
        Stevie

  5. On March 25, 2014 at 5:35 pm,
    Silverbug Dave says:

    Al mentioned a secular bear market. In what, though? Gold or the stock market? It looks more like a bear for gold than in the Dow Jones right now.

    Not really complaining, because gold is still over $1300 right now and $1300 is a good price, an excellent price, considering it was under $270 for much of 1999-2001. We are actually on quite a high price plateau as of now, if you look at the long term chart of gold.

    I think we need to look at this in perspective. That was the time to get into gold.
    However, there may be plenty of chances for those with cash to accumulate gold and gold shares over the next few months and/or years for when the next gold bull market comes along in its own time.

    It looks like we just had a little bull trap in gold over the last couple of months.

  6. On March 25, 2014 at 7:00 pm,
    Big Al says:

    I misspoke.

    I think that the gold market right now is headed nowhere. I personally just feel that we will tread water in the short term.

    My point about a secular bear market is that I believe that it will occur in the conventional market although we are not there yet. I mean, how can anyone with any knowledge of economics think that this thing will not topple sooner rather than later. And when it does, I think we will see the mother of all secular bear markets.

    I truly hope that this does not happen, but I just don’t see how it can be avoided.

  7. On March 25, 2014 at 8:39 pm,
    Dennis F. Brophy says:

    Zero Hedge: How China imported all that gold without exploding the price – via by Chris Powell March 23, 2014, OR, How China imported a record $70 billion in Physical Gold without sending the price of gold soaring. – – – Buying physical gold, then dumping a shit load of paper gold futures on the market to drive down the physical gold price that is bought. China & Russia are reputed to having nearly 40,000 tons of physical gold by Dr. Jim Willie as others too have said as well in other interviews. If so how did they do this much buying without causing gold to have soared in price ? By using naked short selling those PAPER ETF`s of course. A bargain is a bargain, how ever you do it. Why buy high, when its cheap that`s the way to go. Lets face it de Rothschilds have been in China for years(2003-4, from internal memo`s) advising them on how to corner the markets. http://www.24hgold.com/english/printarticle.aspx?pagedest=1086518&langue=en&viewarticle=True