Gary Savage
Gary Savage Articles
One of the hardest things to do in this business is to let your winners run. For whatever reason we are programmed to expect reversals. It’s why so many people try to trade against the trend. I’ve seen it in full display over the last five...
While gold is correcting by consolidating sideways, silver is delivering a recognizable move into a daily cycle low. As usual, retail traders are getting bearish when they should be getting bullish.
In my video below, I explain how and why I think the gold bear market is artificial, and due to manipulation by a few big banks in the paper market. I discuss the market reaction that will confirm I’m correct.
I know that after four years of bear market, at this point everyone has basically given up on gold and left it for dead. But I can say with 100% certainty that every bear market eventually ends, just like every bull market eventually ends.
As predicted, everyone started calling a top yesterday when the miners (Market Vectors Gold Miners (N:GDX)) corrected and all gold did was retest the triangle breakout. This will continue all the way up. Instead of just riding the trend,...
As most of you probably know the largest rallies occur during bear markets. They tend to be very aggressive and powerful. This is how one can tell the difference between a countertrend rally in a bear market and a rally in a new bull...
For about the last year and a half I’ve been warning that gold was being driven down to test the last C-wave top ($1033). No one believed me. Now that the test has occurred it’s time to go the other way. Again no one believes me.
I would say without a doubt the most lopsided trade in the world right now is the long dollar trade. Virtually everyone has become convinced that the dollar is going to 110, 120 or even 160. Folks, when everyone is thinking the same thing...
Just like always, traders are ultra-bearish when they should be getting bullish. Gold is 30 days into its daily cycle and due to bottom any day…which is possible on a final dip after the employment report.
I want to take a special look at gold and the dollar this morning to see if we can’t alleviate some of the fears created yesterday by the big move down in mining stocks. As I’ve noted before, it’s not uncommon for big money to try to run...
