Gary Savage

Articles by Gary Savage

Skyrocketing natural gas prices in Europe are already (before the real crunch may come in winter) causing MAJOR problems causing people’s electric bills to double- and more. It has also led to a major producer of fertilizer (CF Industries...
The stock market has been in this run-away move which usually ends in a crash or a mini-crash.

All previous corrections have held the prior resistance zone (support).

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The coming credit meltdown will be as bad as the great depression and the financial crisis: Deutsche Bank (Personally I think that they are underestimating the size of our problems and what we face will dwarf those two events)

It is not...
For nine years now every time we have an intermediate degree correction the perma bears crawl out of the woodwork and start screaming the sky is falling. If you had listened to these people you would have missed one of the greatest bull...
Did we learn nothing from the tech bubble?

The real estate bubble?

The energy bubble?

Apparently not, as here we go again. The next series of bubbles is now in progress (Bitcoin is the first).

Let me go over again the signs of...
The current price behavior of gold is providing us a potential opportunity to see the rubber band theory in action. Price is stretched far above the 50 dma and due for a snap back in the direction of this average. This video discusses...
As I noted in my last COTD, there are signs popping up that stocks are about to, or have completed a very mild intermediate cycle low. The vast majority of traders decide to buy (or join the SMT) after most of the move has already happened...
The Nasdaq Nov/Dec high may act like a magnet to pull the S&P500 price higher before generating a half cycle top.



Obviously, it goes without saying that no one should be selling short right here. I’ve been on record as saying...
I’m just waiting for the euro to confirm a final intermediate cycle bottom. It’s now very late in the timing band at 33 weeks. So the bottom could occur at any time. My best guess is the euro will bottom and the dollar will top on, or the...

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