Gary Savage
Gary Savage Articles
A bunch of people are about to make the same mistake again, that they've made over and over and over. Instead of panicking people should have been buying at the bottom.
We've got a pretty convincing rejection from that 200-day moving average.
In this video Gary discusses being very accurate in predicting the bottom of the bloodbath phase, only missing it by 5 days and 15 dollars.
Goldbugs can be irrational when they sell 2 days before the FOMC meeting. They'll sell with gold testing this major support zone here at the 200-week moving average. They'll sell 50-plus days into a daily cycle. Irrational moves that...
Gary looks at the bloodbath phase bottoming and nearing the end in currencies as well as gold and silver.
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Timing the bottom of the current gold downward phase perfectly is not critical to making a lot of money.
In today's video, Gary takes a long-term look at gold and injects some reality. Unfortunately, gold bugs and precious metals investors tend to be pretty emotional and too short-term-focused.********
In this video, Gary looks at some long-term cycles and makes some guesses about where we might be headed.
A look at the current bloodbath in gold on day 6 and as they normally last 5-7 days we may be near the bottom.
Gold appears to be in the middle of a bloodbath phase. They tend to run for about 5-7 days, but irrational downside targets may be signaling the end of the bloodbath phase.
