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Gary Savage

Gary Savage Articles

I’ve said all along that if the Fed didn’t get out of the way and let the market correct naturally, it would have serious consequences. Well they have not let the market correct naturally. On the contrary, ever since QE3 ended there have...
Let me remind everyone that intermediate cycle lows (ICL), and especially yearly cycle lows in the metals, are always hard to hold onto. Even if you catch the exact bottom, they usually resist for a week or more and try to shake everyone...
Over the past few weeks I was hoping the Fed would stay out of the market and allow a natural intermediate degree correction. Unfortunately with the Humphrey Hawkins speech this week and an FOMC meeting at the end of the month, it was not...
I’m starting to see lots of chatter about traders preparing to back up the truck when gold reaches $1000. First off, if you believe like I do, that this was a mostly manufactured bear market by the bullion banks in order to stretch price...
In my previous article yesterday I tried to stress the importance of getting to the sidelines before gold begins the final decline into its eight-year cycle low. Today I’m going to show you what I think is in store and why.
History has been quite clear. When the Fed prints too much money, holds interest rates too low for too long, it eventually creates a bubble followed by a market crash. It happened in 2000 with tech stocks. Then again in 2006 with real...
As most of you probably know by now, it’s been my belief for about a year that gold’s bear market would not end until at least testing the previous C-wave top at $1050. Every D-wave correction in the secular bull has at least retraced to...
So with the advent of global QE, and zero interest rates, have central banks unlocked the key to perpetual bull markets? Let’s just say, I doubt it. They have managed to stretch some of the multi-year cycles, and hold off the bear much...
As most of you who’ve followed me over the years already know, I’m not really expecting a final three year cycle low in the CRB until later in the year. However… there are a few signs popping up that could be indicating that the 3 year...
With commodities now moving down into their three year cycle low I’m hearing more and more talk about deflation. This is complete nonsense. Bernanke had it exactly right when he pointed out that any determined government could halt...

Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.

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