Gary Savage – The Dumb Money Tracker

Once again I have trouble containing myself.

Here’s the original post where I quite blatantly called Gary out to discuss his “incredible investment advice”. Specifically TO BUY LONG TERM PUTS ON QQQ AND SPY on December 22nd.

The crux of “my issue” with this was the suggestion of “buying long dated puts for 2016” with the expectation of “holding these puts” for “potencially massive gains”.

Now – only 3 weeks later “The Dumb Money Tracker” is suggesting – and I quote:

“””At this point I think one has to throw caution to the winds and just buy stocks. Knowing that the Fed is going to protect the market for the foreseeable future.”””

“””Don’t worry about momentum divergences or trend line breaks. All one needs to know is that the Fed is handing out free money and all you have to do to get your share is buy stocks.”””

3 WEEKS LATER! This……only 3 weeks later.

I can’t for the life of me imagine what “other gems” Gary offers for a “$1 trial subscription”.

You can do your best again man….should you choose to “pop in” and clarify – but to be honest I really don’t see the point.

Smart money?

How bout “No Money”.

40 Responses

  1. illutionz January 16, 2014 / 10:20 am

    He is smart… he has both hands on the table so if the market crashed he will say “I told you to long Puts” and vice versa.

    That way he can advertise his service to new muppets who will get in his scheme.

    • Forex Kong January 16, 2014 / 10:24 am

      This industry ultimately rewards those with conviction / confidence – not some willy nilly / wishy washy / fly by night.

      I’d “like to believe” the average person has the common sense to see this for what it is.

      A scheme / scam to say the least.

  2. karim ghaidan January 16, 2014 / 10:20 am

    Great, he and a many like him are tremendous contrarian indicators. Use (and abuse) him accordingly

  3. Mike January 16, 2014 / 10:35 am

    He went all in-in PMs on Monday, panic sold everything on Tuesday and then went all-in on stock on Wednesday. What’s the move for today?

  4. JSkogs January 16, 2014 / 10:37 am

    Wow! That is a form of capitulation. Good indicator. The man clearly does not have thesis or game plan.

  5. Leonardo January 16, 2014 / 10:45 am

    Why do you bother reading/following him!??

  6. Gary January 16, 2014 / 10:52 am

    I’m still holding the 2016 puts. They have two years to work. But when the Fed blatantly stepped in to stop the daily cycle correction that began on Monday I have to think the odds are good we get a final bubble phase melt up over the next 2-3 months.

    • Forex Kong January 16, 2014 / 10:58 am

      Oh man!

      You can’t be serious? So….lets get this straight – 3 weeks ago “buy long dated puts” with potencially massive gains in 2 years.

      And today….caution to the wind, f%&k it – just go out and buy,buy,buy stocks?

      That’s the current “smart money” strategy?

      • ms January 16, 2014 / 11:57 am

        You can’t rationalize with this idiot. He will never admit to being wrong….

        He will not stop until everyone he comes in contact with loses every penny they have

        He is dangerous

    • Leonardo January 16, 2014 / 11:28 am

      “when the FED blatantly stepped in….” Can you not come up with a better justification than this?? Everyone has the right to use his preferred trading method, all the while knowing that there will be times it will work and other times it wont. PLEASE stop using this conspiracy BS to justify why you were wrong which totally discredits any potential useful analysis you may make. If you bothered to follow some savvy traders on the net, you would have known that they were ALL loading up on monday, does that make them part of the FED conspiracy? Please…..

  7. brcs January 16, 2014 / 11:28 am


    In a concise manner, what is your strategy? short, medium and long term….

    • Forex Kong January 16, 2014 / 11:37 am

      I trade what’s in front of me, as witnessed here in the first 2 full weeks of January issuing “no signal” until just this week.

      13 pairs directly into profit within hours. Profits banked, and now reloading in same direction.

      So short term I have been long USD since Monday, as well cautiously long JPY.

      Mid term we correct into late March early April when Japan hits the “print more” button.

      Long term… look to fabricate your own spaceship ( as mine only has enough seats for close friends and family ).

      • Bob K. January 16, 2014 / 12:03 pm

        So in other words you trade long or short depending on changing market conditions. Gary does, as well. But he is trying to set a longer term trade and his bailiwick is out of favor right now and he is chopping. I never understand why one feels compelled to tear someone down because he is wrong or not what you are trading. My only thought is you think he is a fraud, is that your contention?

        • Forex Kong January 16, 2014 / 1:06 pm

          It’s outright irresonsible that’s what it is – and I choose to point it out because I don’t see any reason “why not point it out”.

          We put out information at these blogs as does a newspaper / journalist / writer / T.V report etc so…..if you’re gonna put it out there, you’re obviously open to the publics critique / feedback.

          I’m not tearing anyone down – he’s doing fine all on his own.

        • Forex Kong January 16, 2014 / 1:32 pm

          How is “holding long dated puts” for 2016 AS WELL AS advising to “just ignore all factors” and buy stocks “” trading long or short depending on changing market conditions””?

          It’s actually trading BOTH long and SHORT with NO CHANGE in market conditions, putting even more money at risk at a time when it’s clear the individual has absolutey “no idea” where things “are” OR “headed”.

          Would it not be far more prudent to suggest SITTING OUT? As opposed to essentially just digging a deeper hole?

          Oh….but I guess that’s not great bait for snagging new subs is it?


          • Forex Kong January 16, 2014 / 1:45 pm

            I see this post is getting alot of attention today so I can only assume “Dumb Money” has posted as a suggestion of “where I’ve gone wrong”.


            Hilarious…as please do read and take particular note of phrases such as:

            “”” I will consider “selling” not “buying”.”””
            “”” I generally don’t enter markets on Sunday night / Monday morning so…take my advice…let this play out through the day Monday and have a look at the close.”””
            “”” I will be looking for significant strength in JPY as well as we “should” likely see”””…

            If there is even a comparison – I haven’t / don’t advise people to do anything.

            More garbage.

  8. slimpickens January 16, 2014 / 3:54 pm

    Are you willing to stake 2000 subscribers money on your opinion that the manipulation is done?
    I’m not willing to make that guarantee.

    Above is Garys’ response to a subs question yesterday…. I think what he’s really worried about is losing the 500K per year he makes off those subscribers! It’s clearly affecting his judgment.

    • Joe January 17, 2014 / 12:13 am

      i’d be surprised if he had 20% of those subs left who haven’t lost ? 50%, and if they are still there they must be the dumbest of dumb money and enjoy the potential of losing every dime from continuing to follow the guy’s calls.

  9. slimpickens January 16, 2014 / 4:09 pm

    Oh yeah….and here’s his lame ass response.

  10. pimaCanyon January 16, 2014 / 5:58 pm

    A lot of traders have both long positions and short positions at the same time. I don’t see a problem with that. Yes, Gary has been skittish with PM’s lately because the gold market has been hit middle-of-the-night raids many times over the last few months. It’s obviously manipulation by some big players. Why don’t the authorities crack down on them?

    And now the stock market is acting in a manner that suggests manipulation. My own thoughts: The manipulation in the gold futures market looks pretty obvious. If I wanted to sell a large number of futures contracts, why would I do that in the middle of the night? I would get better prices doing my selling when volume is highest, not when trading is very thin, so that smacks of manipulation.

    But the stock market, I don’t know. I think that market is too big to push around. Yes, the Fed is pushing it around, so to speak, with QE, but that is old news. I think the market is just moving into a manic phase, something like what happened in the late 90’s. It’s not manipulation IMO, just human psychology.

  11. schmederling January 17, 2014 / 12:03 am

    I think this is a good exercise for all those trying to make money in this game….. you have to have your own plan, strategy & knowledge of the industry… Charts reading, investigation. Problem is most people just don’t want to do the leg work & have someone else do all that for them…. Or others just don’t have the time to invest which is required to be even remotely successful….. people just don’t want to do their own homework…. however that goes with most things these days….. It’s a simple fact the about 90% lose money in this game which leaves 10% who are successful & about 5% that are really good at this. However I can guarantee you a successful investors week runs anywhere between 60hr to 80hrs a week and are consumed with their chosen trade…… otherwise your just better off having your money managed for you.

    How anyone would take their hard earned money & then make decisions solely based off someone else’s view without having a solid background in that chosen field & also lining up with their own conclusions just amazes me….

    There is a reason why people spend countless hours, & money investing into any profession it’s to become an expert in that field…. that’s why they are call professionals…. If one wants to successful in the financial sector then your going to have to put in the time, educate yourself & be willing to go the distance plan & simple…. There are no short-cuts in life & non in this sector, why people think this would be any different makes no sense.

    Just my 2-cents on this……. Cheers Schmed

  12. Anon January 17, 2014 / 3:28 am

    I think it is good you are calling this out. I lost all my savings following him (not always exact trades but when to buy etc), it is the persuasive style of writing that sucked me in (I remember being told gold wouldn’t go lower than 1600 again about 18 months ago), If I had that i’d be able to buy the house I want to buy but now can’t afford it – I try not to think about it.

    • KangaRoo July 7, 2015 / 4:07 pm

      Had exactly the same experience! He REFUSES to acknowledge his MANY errors. His analysis SUCKS! He is dangerous. He is a narcissist and believes his own bullshit. BEWARE!

  13. Jay January 17, 2014 / 3:11 pm

    I’d like to see proof that Gary is actually profitable as a trader over the long haul? From what I’ve seen, he does nothing but cause people to get chopped up or just incur big drawdowns. If he goes long when metals are in a bull market, he thinks he is a genius, but then it was nothing but a bull-market. You couldn’t pay me to follow Gary’s trades. 2016 Puts on SPY?….LMAO! Even if it wins (although not very likely), then it will purely be due to dumb luck.

  14. Jay January 17, 2014 / 4:16 pm

    For Gary’s sake, I hope he uses a lot better risk management when he goes rock climbing, than when he trades! I’d rather buy and hold T-bills for the long haul or even buy and hold SPY at these inflated levels, for the long haul, than subject myself to following Gary’s trades. Plain old T-bills should, even at zero percent interest, should easily beat Gary’s trading over the long haul with little drawdowns. I’m absolutely convinced that Gary, until proven otherwise, is one of the 90% traders who simply lose money over the long-haul…and a reckless trader at that.

  15. Jay January 17, 2014 / 4:39 pm

    Oh, and the wheels fell off of his Cycles a long time ago! 😉 His Model Port topped out in February of 2012, and it was all downhill from there until he took the original Model Port down and replaced it with an “old turkey” (buy and hold) version. How is his “Quest to turn $300 into $100K (or whatever)” port holding up? Easy to claim being a trading genius when he can press the Reset button on a port any time he wants!

  16. Jay January 17, 2014 / 9:16 pm

    And he doesn’t like to hedge either, so he can’t possibly be thinking of the so-called short-term trade as a hedge for the so-called long-term trade. After all, he said that hedging is a “waste of money”. My head is spinning just trying to figure out why anyone would still follow his advice.

    Anyway, you’re definitely doing the right thing by standing up to him, and calling him out. Keep up the good work. He really deserves to be called out on his B.S.

  17. Jay January 17, 2014 / 11:08 pm

    Oh, and what a joke that Gary claims he is certainly closer than you are. What about Gary’s bearish bet on the market in March of 2012, involving TVIX, where he went long TVIX (what a piece of crap!) with 10% of his Model Port, and held the POS, even after being informed that share creation was stopped and that it was trading above Net Asset Value. He lost 5% of his subscribers money in that one dumb trade, if they followed his Model Port. Also, what about Gary’s call for 2012 to be the worse year in stock market history? 😉

  18. JOSH January 21, 2014 / 12:29 am


  19. JG February 4, 2014 / 10:27 am

    Gary Savage is very dangerous and his “service” needs to be shut down. He has destroyed many of his subs accounts and will continue to blow them up if he is allowed to keep operating.

    • Anonymous December 2, 2015 / 9:49 pm


  20. GaryTobyWhoisit February 8, 2014 / 12:32 pm

    The problem with Gary is he religiously follows cycles analysis which is not objective. Its entirely subjective. His nonsense about daily cycles and intermediate cycles is totally unrelated to the market and what is actually happening. Seriously, this is akin to a tarot or palm reader or someone rubbing a crystal ball.

  21. KangaRoo August 18, 2015 / 2:51 pm

    The Dumb Money Tracker is at again! A few days after calling for a buy. Silver market plummets 4%. He is THE WORST!

  22. KangaRoo August 18, 2015 / 2:52 pm

    The DUMB MONEY TRACKER is at it again. He calls for a buy and silver drops 4%! Hahaha! OF COURSE, He’s the dumb money tracker!

    • Kanga November 15, 2016 / 7:26 am

      ^^^^^ TRUE

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