Gary Savage – Tue 29 Apr, 2014

The polls show that the majority are not particularly comfortable with the economy. If that is the case, why the increase in the Dow?

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Cory FleckGary SavageAl Korelin

  1. On April 29, 2014 at 9:28 am,
    J........the Long.............ootb says:

    I would have to agree with Gary…on the STOCK MKT….

  2. On April 29, 2014 at 9:29 am,
    james (the lesserrr) says:

    The DOW will continue to increase.

    It is voodo!
    It is mass hypnosis!

    Look at the facts.


    That is what drove gold up and the world didnt end





    • On April 29, 2014 at 9:36 am,
      J........the Long.............ootb says:

      question…………DEBT TO GDP ratio is FALLING?

  3. On April 29, 2014 at 9:33 am,
    J........the Long.............ootb says:

    DRIVE BY SHOOTINGS in Chicago…….do not effect one living in Washington, until, the hoodies come to play golf in your neighborhood………uncle wally

  4. On April 29, 2014 at 9:38 am,
    Marc, San Diego says:

    The FED is running out of “colors of lipstick’ to put on the PIG…..:)

  5. On April 29, 2014 at 9:40 am,
    C says:

    Free enterprise capitalism no longer exist, all is left is manipulated and demolition controlled markets…

    • On April 29, 2014 at 9:44 am,
      irishtony says:

      C…Very true.

    • On April 29, 2014 at 11:33 am,
      Derek says:

      Hey, SEC chair Mary Jo White says “markets are not rigged”. 🙂

      Thanks, Mary, my fears are allayed!

  6. On April 29, 2014 at 9:44 am,
    Marc, San Diego says:

    Like I have stated a few times here – FWIW – I think I will stick with RICHARD RUSSELL’s now documented investment stategy:
    1. Physical GOLD
    2. A LOT of Physical SILVER
    3. A little cash for month to month expenses
    4. WATCH history unfold and the MR. Market play out.
    The guy is almost 90 YEARS OLD…as sharp as a tack..has probably made more money than I could ever dream of….has his “values” firmly planted on the ground…and has seen the absolute WORST of what mankind can offer. WW II, the HOLOCAUST and the complete LOSS of human rights, dignity and life itself. NOW, if anybody – I mean anybody can “beat” that. Then I will follow you! No problem….the problem is YOU CANT….:)

  7. On April 29, 2014 at 9:45 am,
    Marc, San Diego says:

    ….end of discussion….:)!

    • On April 29, 2014 at 9:47 am,
      J........the Long.............ootb says:

      I think Irish will have something to say about that……………..

      • On April 29, 2014 at 10:27 am,
        Marc, San Diego says:

        Yes, Jerry…I should have put #2 above in the number 1 slot…ha!

        • On April 29, 2014 at 1:02 pm,
          irishtony says:

          Jerry & MARC…..Whenever most people talk about the metals they normally say Gold & Silver….nasty habit so when Mr Russell said G before S it was probably out of habit….old habits die hard…..I’m sure he meant to say Silver & gold…haha..
          I do know he is bullish silver…I like Mr Russell , he uses logic & common sense , & as marc says He has been around a lone time & seen it all ..& for his age He still has all his marble’s.

          • On April 29, 2014 at 1:07 pm,
            J........the Long.............ootb says:


  8. On April 29, 2014 at 10:06 am,
    Goldman says:

    Regional banks down 6-7% from recent highs. While S & P just off all time high. That’s the crack in the armor and the divergence in financials needed for the upcoming change

  9. On April 29, 2014 at 11:08 am,
    eagleeye says:

    Gary, you seem to have changed your mind about a capitulation sell off in gold occurring. Now, you’ve made it clear that you expect a blow off top to occur in the next few months. Are we still on for that or have you changed your mind on that too?

    • On April 29, 2014 at 11:21 am,
      Gary says:

      I’ve been saying for weeks that in order for the capitulation phase to play out we needed gold to reach the sub 1200 level before the current daily cycle bottomed. When it bottomed last Thursday at 1268 I said the capitulation phase was probably off the table.

      Where have you been?

  10. On April 29, 2014 at 9:06 pm,
    eagleeye says:

    I wasn’t clear. You have been expecting the stock market to enter into a blow off top over the next few months. Since you tend to revise your forecasts quite frequently, I was wondering if your current stance continues to be that we are going to see a blow off top occurring in the stock market occurring sometime this year ?

  11. On April 30, 2014 at 7:39 am,
    johnny says:

    You know Gary I think you are trying to be way too cute with your predictions. On and off since last Christmas you have talked about a collapse to 1050 then changed your mind on two occasions in that regard. Now you think 1200. I really dont see why gold could not still collpase to 1050 in the next couple of weeks starting this afternoon..we are sitting in the 1280s seems that after two or three cracks at 1280 we are going to go through and it will be a fast plunge..maybe 30-50 dollars in a we could be at 1200 this week or next week and then who knows..enough people get fed up and 1050 could be on its way in May.
    I think you are reading way too much in each weeks oscillations..the big picture to me suggest one more sharp drop and since we already hit 1180 twice this time it will go through it and shake a lot of gold bugs out down to 1000.