Gary Savage continues to see gold moving towards $1,030

November 1, 2013

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The move down in gold over the last few days further support Gary’s call of $1,030.

    Nov 01, 2013 01:20 AM

    Gary, can you please give us a boots on the ground report on Greece? Whats it like for the man on the street?

      Nov 01, 2013 01:31 AM

      Not as bad as the media made it seem.

      Nov 01, 2013 01:37 AM

      Yes. I would be very interested in hearing about it too.

    Nov 01, 2013 01:30 AM

    GARY SAVAGE !!!!!!!! Option expiration date for GOLD ! The same old STORY ! Every month YOU BETER WORRY DISS !!!!!!!!

    Nov 01, 2013 01:31 AM

    Unless the Feds want gold down to 1000 bucks your prediction isn’t going to happen Gary. What does the Fed gain by driving gold down to 1000? Imagine what the Chinese and Indian demand would be like? It would hasten the movement of gold from West to East. The Fed has more to gain by keeping gold suppressed and in its current trading range so the migration of gold from Western vaults to Eastern vaults is moderated as much as possible. 1000 dollar gold is a hang man’s noose for the Fed. I do expect sub 1300 dollar gold though.

      Nov 01, 2013 01:32 AM

      I’ve gone over this multiple times. I don’t think the Fed has anything to do with the price of gold.

        Nov 01, 2013 01:16 PM

        There is plenty of proof that the Treasury Dept, using the Exchange Stabilization fund intervenes in all markets. And, the activity is all legal. And, because of the Feds involvement in manipulation, the Bullion banks and hedge funds get a free pass to manipulate as well, as long as the manipulation pleases the PTB. You should take a look at GATA’s work Gary. They are experts on this subject.

      Nov 01, 2013 01:36 AM

      Thousand dollar gold is getting ripe for that sweet spot of mine failures, Glen. Some guys are licking their chops at the prospect. This is nearly the moment of conquest and truth. It is when the weaker members of the herd fall over into the pond and get eaten whole by the big fish. After that happens you will see serious action in gold again. They just need to push a few more straglers off the ledge first.

    Nov 01, 2013 01:42 AM

    Might be a rally starting. Silver is positive and gold appears like it will break out.

      Nov 01, 2013 01:38 AM

      How so Paul?

    Nov 01, 2013 01:47 AM

    1306 is a critical level and it held and got retested an hour later.

    Nov 01, 2013 01:50 AM

    Everything is happening exactly as you were expecting??
    You were and are expecting gold to go to $1000 an ounce. That is your call.

    Until then nothing is going according to what you are expecting.

    So be quiet, wait for it to happen and go back to Greece and live off the backs of your gullible subscribers.

    And I say this all without in the least being vindictive.

      Nov 01, 2013 01:35 AM

      LOL the dollar did exactly what I said it would do. Stocks are also doing exactly what I said they would do. Gold is doing exactly what I said it would do.

      I did an interview specifically on what I think was happening in gold. No one can misrepresent me at this point. I was very clear what I think is happening.

        Nov 01, 2013 01:39 AM

        Got to back you up here Gary. You did in fact call this one well.

        Nov 01, 2013 01:04 PM

        You must be cleaning up on your bets with big al!

          Nov 01, 2013 01:11 PM

          My betting days are over. (I am getting out while I am still ahead!!!)

      Nov 02, 2013 02:49 AM

      James said a few days ago that gold was through resistance at $1340, and heading to $1400. And now you’re throwing rocks at Gary, whose calls have, indeed, been helpful?

      The call isn’t ‘it will go to 1000’. It’s about possibilities and probabilities, anticipating scenarios, and recognizing them early. It’s NOT about a crystal ball.

    Nov 01, 2013 01:54 AM

    I enjoy Gary’s commentary James. No need for Gary to be quiet. I just don’t agree with him. No biggy.

    Nov 01, 2013 01:30 AM

    I agree here Gary. The dollar rally has been ferocious. It was badly oversold of course but the possibility srtill existed in my mind that it could still fall just a little further. Gold has been damaged in the process and this in conjunction with falling Crude prices does not bode well in coming days. Doc is seeing 1290 near term and that looks like a good call to me. Further out is less certain but as I noted earlier the weekly chart is telling us the bottom is not here yet. Who knows… may just get your 1030 yet.

    Nov 01, 2013 01:35 AM

    I don’t agree with Gary’s Assessment of the gold market but like anything it’s worth considering, he has gone out on a limb here and all I can say is it’s a gutsy move but we shall see, the markets can be very cruel. DT

    […] here Written by Gold […]

    Nov 01, 2013 01:28 AM

    What do you mean cruel? I say 1000 gold is an absurd gift to buy gold and hold on for the coming rally that will embarrass the most ardent gold bulls…:)

    Nov 01, 2013 01:12 PM

    Hi Marc, I mean that the markets like people can be very cruel if you get it wrong, $1000 gold won’t be as big a gift as when they shine the cameras on Fort Knox and see nothing but rodents, and then when they turn the lights on the banks the Chinese don’t own and see a mirror image. Now I would love to be a fly on the wall when that’s going down. DT

      Nov 01, 2013 01:06 PM


    Nov 01, 2013 01:50 PM

    My grandfather had a saying “Never show a fool a job half done”

    Your big bold call is for $1000 gold.

    When it gets there then you can pat yourself on the back

    Nov 01, 2013 01:11 PM

    This pathetic cat and mouse game has to stop!!! One guys says 50,000 dollar gold, next guy says1000 dollar gold, and still three more say 12,000, 1150, and 5200 respectively!!! Who gives a flying fudge bar what the gold price is. This is pathetic – anyone and their dog can GUESS a gold price (which is what everyone is doing) … at the end of the day, 95 % of the so-called experts have been wrong for the last 10 years. Oh brother!!!

      Nov 01, 2013 01:49 PM

      By wrong do are you referring to wrong as in day trading? Because many people have been exactly right in the long term. I don’t try to day trade. I’m worthless at it. The intraday moves are almost completely random. It’s very hard to make money day trading. However intermediate trends and long term trends can be traded one just has to acknowledge that the markets aren’t trading completely naturally and view the market in that light.

        Nov 01, 2013 01:54 PM

        Hi Gary,

        Please don’t take my rant as a personal attack against you (it certainly is not). I am frustrated with what appears to confusion (conflicting views) for the last ten years (one “expert” says 10,000 bucks in 5 years time, the next says 500 bucks, then another 1500, and another 1200, etc. Obviously, only ONE of them is going to be correct and so my question is why are people even focusing on the price (why not just stick to the basics – It is going up – it is going down) — at least that brings us to a 50 / 50 situation rather than 5000 different “experts” each holding contrary views? I personally believe that many of these “experts” are shills that are merely trying to create absolute confusion so that the average person does not know up from down — they do this in politics, religion, etc. I can only assume that CONFUSION in the gold market is intentional too. But please do not think I am knocking you — I don’t even know you and would certainly not attack you (even if I knew you and disliked you, I wouldn’t bash you). I only bash false claims such as my rant last week about the bogus “New Age” Zeitgeist film (that kind of deserves bashing in my opinion — blatant disinformation).

          Nov 02, 2013 02:15 AM

          This is just the nature of markets. Nothing is ever clear cut. There are always going to be some analysts that are negative and some positive. Just find a system that works for you and ignore all the noise.

          FWIW gold is almost certainly still in a secular bull market so ultimately going much higher. It just may still have one more leg down in this cyclical bear market before the run higher begins.

    Nov 02, 2013 02:23 AM

    ČR koruna nám slábne tak až to USA odkoupí.

    Nov 02, 2013 02:31 AM

    The reason everyone is confused is because we are playing one big shell game.
    For better education on this subject, I found the following you tube video helpful.

    The Biggest Scam In The History Of Mankind – Hidden Secrets Of Money
    It has over 900,000 views –

    Nov 02, 2013 02:16 AM
    Nov 02, 2013 02:20 PM

    I have to agree with Gary, it is not about right or being wrong it is about the “money” (lots of it)