Gary Savage
@garysavage1_
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President of the smart money tracker investing newsletter, and advocate for the return of common sense to a world that is badly in need of it.
Joined July 2020
I warned people that once silver broke resistance at $54 it would make a beeline to $60. And I stressed you need to be in before the breakout. Already closing in on $57. I opened the SMT a couple of weeks early just so people could get positioned for this. It's not to late thoug
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After yesterday's rally the odds are swinging more in favor of the sideways churn scenario for gold & silver. That being said I don't think it will be a four month affair like we had from April to August. I think this one will be compressedom
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Imagine if everything in life was as good as gold. It’s easy to invest in, could help grow your wealth, and protect it too. A timeless asset that stands strong when others may not.
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Another week has gone by and I still can't tell if gold is going to give us a C-wave or just churn sideways. But the next great buying opportunity is coming. Hell you could buy right here and make insane money by late spring even if you don't catch the exact bottom.
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I'm pretty sure the 4 year cycle top is in on bitcoin. Breaking the March low pivot would confirm. Bitcoin is extremely volatile and a test of the $30,000-$40,000 zone is not out of the question. This won't be an easy ride down, and should take a good part of the next year
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When the Dow gold chart gets back to 3 or lower (my best guess) it will be time to sell gold and buy undervalued stocks. But just like every top there will be hordes of analysts telling you "this time is different". Famous last words. It's never different. Why? Because human
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Pretty good odds the B-wave bounce in metals is beginning. I posted the other day I thought this would start in earnest after the FOMC meeting. But understand this is very likely a fakeout rally. It draws in FOMOing traders only to stop them out for losses when the C-wave
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Novice and unsophisticated traders that don't understand how markets work will now try to rationalize earnings as the support that will turning mining stocks back up. But earnings are backward looking and markets anticipate.
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And for the umpteenth time: I can't get traders to buy at bottoms, and I can't get them to sell at tops.......
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When big swaths of humanity are in the grip of emotions no amount of facts and reason will make any impact. This is what drives bubbles. Irrational, blind emotional behavior. Most of the protestors at the no kings rallies have no earthly idea what they are protesting. They just
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The suppression of the silver market continues to collapse. The last major resistance is a little over $44. Once that is breached the short squeeze will intensify and it should be a quick run to $50. I think we are going to see $50 before the end of the year. Probably by early
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This is only going to get worse. The left is the party of emotion. The party of victimhood and envy. The party of violence. When emotions are in control it's easy to brainwash people into believing almost anything. If you think the country or your way of life is really at
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Fundamentals can't stop this process. However fundamentals are what eventually cause price to bottom and then go back up and make higher highs. Fundamentals don't prevent tops, but they do guarantee bottoms.
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