Tom welcomes back Gary Savage to the show. Gary is a retired entrepreneur, investor, and the President of Smart Money Tracker Premium.

Gary Savage, discusses the challenging nuances of the metals market. Savage warns of the potential for a false rally, as eager buyers rush to capitalize on a recent price action. While admitting the dollar’s upward trajectory can suppress gold prices, Savage dismisses the notion that the dollar solely governs gold’s cost and predicts gold prices may disregard the dollar after crossing the $2100 resistance mark. He projects the next intermediate cycle will overcome the dollar suppression. He sees potential investment benefits with mining stocks when they dip enough to be undervalued.

Gary believes gold prices could retest the $1820 mark, though the trajectory, plummeting to around $1950 or crashing straight onto that level, remains uncertain. An impending four-year cycle low in stocks could trigger a broad market downturn, affecting all sectors, including gold. Gary also warned of a likely false breakout in the stock market and urged market players to keep an eye on the S&P and be prepared to exit if the breakout doesn’t materialize.

Savage posits an unexpected drop in the stock market, possibly triggered by an unexpected international political event, could spur the Federal Reserve to implement rate cuts and additional quantitative easing. Consequently, this could stimulate a bull market in stocks and gold, culminating in a stock ‘bubble phase.’ Additionally, he warns of certain market patterns that signify a bubble in Bitcoin. Despite the recent approval of a Bitcoin ETF, Savage cautioned against the risks of markets surging disproportionately above their moving averages, referencing uranium miners as an example.

While examining the uranium mining ETF chart, Savage notes an eleven-month unbroken rally with minimal corrections, but expressed reservations about a potential “false breakout.” Savage proposes utilizing stops to help manage greed in this phase of the uranium markets.

Predicting significant fluctuation in the oil market, Savage sees the chart potentially forming an extensive ‘cup and handle’ pattern. At some point he expects oil prices to rally. Eventually, oil prices will reach the projected $200 mark through a slow but steady buildup of value. Rounding up his analysis, Savage urged listeners to be vigilant of market trends.

Time Stamp References:
0:00 – Introduction
0:42 – Metals & Patience
3:10 – Gold & Dollar Cycles
6:16 – Opportunities?
8:10 – Thoughts on Silver
9:24 – Signals For Gold/GDX
11:28 – Sentiment & Fundamentals
13:48 – Equity Market Outlook
16:06 – Markets, Fed, & Swans
17:54 – Bitcoin Bear Rally
21:07 – ETFs & Wall Street
23:45 – Uranium & Tops
26:55 – Bubble Phase?
29:02 – Miners & Bottoms
30:46 – Oil, Metals, & Big Moves
33:30 – Wrap Up

Talking Points From This Episode

• Gary anticipates a false rally, positing that eager buyers amid recent price declines often misjudge real market gains.
• He cautions that an unexpected international political event could prompt a Federal Reserve rate cut.
• The potential for substantial fluctuation in the oil market and higher prices long-term.

Guest Links
Twitter: https:/twitter.com/garysavage1
Blog: https://blog.smartmoneytrackerpremium.com/
YouTube: https://www.youtube.com/channel/UCgiNs7gCxEvgBE1HHvoOKTQ/videos
Website: https://smartmoneytrackerpremium.com/

Gary Savage is a retired entrepreneur living in Las Vegas. He has been investing in stocks and commodities for 15+ years. Gary is a self-made multi-millionaire and attributes his financial success to savvy investments made in owning/selling several businesses, real estate, and, more recently, the stock market. He is also a national Judo, powerlifting, and Olympic weightlifting champion and world record holder. Gary holds national titles in 3 different sports and continues to challenge himself as an avid rock climber, and recently his newest endeavor bowling (two perfect 300 games so far).

Gary’s renown as a recognized trading/investment expert in the areas of precious metals, stock market, oil, and currency markets is demonstrated by his numerous internationally published articles in these market areas: Kitco, 24hGold, Gold-Eagle, Investing, 321Gold, Keyport, SilverSeek, TFMetalsReport, FuturesMag, ResourceInvestor, Silver-Phoenix, BayStreetBlog, BeforeItsNews, ETFDailyNews, TalkMarkets, JuniorMiningAnalyst, MarketOracle.UK, SafeHaven, GoldSeek, Mining, CommodityOnline, SilverMarketNewsOnline, StreetWiseReports, and InvestingNews.

Gary publishes the Smart Money Tracker, a daily and weekend market newsletter available online by subscription only, at a very modest price. This subscription-only site provides Gary’s in-depth daily commentary and chart analysis of numerous markets, including the stock, precious metals, oil, and currency markets.