Testimonials

“I wish that I had discovered NFTRH years ago! Thank you for helping me see through so much of the market BS, especially during this era of central banks’ interference and distortion of otherwise normal market forces (Frankeneconomy).”  –John M  10.30.14

“Hi Gary, Love your newsletter – many thanks.”  –Mike G  10.14.14

“I have enjoyed your weekly service immensely and couldn’t have made it through this last year of un-reality were it not for you.”  –Matt J  10.12.14

“I seriously can’t think of anyone out there who has handled this entire market backdrop better than you. Your interpretation of the TA has been extraordinary. What I’m also ascertaining is that your better (best?) skill is the tag team of 1) dialing in/out of hype (and well reasoned points of view/theses of smart people) and 2) relying on your own interpretation … aka thinking for yourself and investing/managing accordingly.”  –Joe F (Professional Trader/Fund Manager) 10.2.14

“Gary, Loved NFTRH 309! Thanks for keeping an even keel to things.”  –John P  9.21.14

“Hi Gary, I love your newsletters, keep up the good work.”  –Arvind C  9.15.14

“Thank you very much and keep up the good work.. In my opinion when it is chunky and full of analysis , you are at your best.”  –John B(2)  9.14.14

“I love your service and continue to recommend your work to others that can use such timely work. Should my role bring me closer to the daily market moves, I’ll be quickly re-upping to get back in your flow. Thanks again for years of great updates and opinions.”  –Chris R, CFA  9.10.14

“Hi Gary, first off I want to say I enjoy your subscription service, I think it’s the most complete I’ve seen.”  –John B(1)  8.30.14

“Great service, more objective than I manage to be by myself!”  –Norman T  8.29.14

“Keep up the great work.”  –James L  8.29.14

“Gary, I just read your blog post today (Tuesday) and just have to say that your insight is a welcome relief from all the hypers and headliners. Really good and necessary points made.  I had hoped to become a good chartist when I first became a subscriber, but I just don’t have the skills. I appreciate your honesty and commitment to doing a good job. You never have a set formula, but use charts for information not a magic ball and see trends and patterns in a plethora of areas, not just a set formula. Thank you for not becoming the Pied Piper. Knowledge (after all) is power.  –Karen K  8.26.14

“It took me a while to appreciate your newsletter and a few Sundays I could not even get myself to read it. I want you to know it is just brilliant stuff and I now look forward to your thoughts every Sunday!! Kudos to you!!!!”  –Chuck C  8.10.14

“Congratulations on hitting 300. This is an excellent report this week.”  –Gary F  7.20.14

“Great and helpful newsletter this week. it’s so dense with info that it always takes me a while to grind through it…I read it in chunks-just finished and it was well worth it. Great and helpful perspectives.”  –Rich K  7.20.14

“I really enjoy your newsletter, charts and analysis. Kudos.”  –Jeff K  7.6.14

“My money is on you. Your comment below is why your’s is the only subscription I will pay hard earned money for. Please give us your thoughts when you get a line of sight cause I am with you.”  –Michael C  6.30.14

“Many thanks for a really consistently great service.”  –John C  6.5.14

“I love your service and really appreciate all you do.”  –Jeremy M  6.4.14

“I give you credit. I listen. I weigh. I believe your position is well argued. I feel many have dog piled and jumped on your work and in many ways have become Johnny come I called this again … and yea, I know you’ve hinted at this and it is what it is… but for fuck’s sake… all these guys are calling for 1080 or lower… and i just don’t buy into the intellectual honesty to it all… point? none. i hope you are adequately compensated for fair level headed calls and i believe you when you say what you say whether or not i agree/disagree.”  –Joe F  5.30.14

“Your service is great.”  –Oscar R  5.16.14

“Thank you Gary. I’m so glad I subscribed to NFTRH!”   –John M  5.7.14

“You offer a great service — many thanks!”  –Steve K  5.6.14

“Dear Gary, I am sorry to say that I must end the subscription to your service. I am no longer actively managing any financial resources. I must say I really enjoyed your service and if I ever do again, your service will be the first one I subscribe to. Thank you and maybe someday I’ll be back.  –Ray M  4.30.14

“Gary – thanks for your latest installment. Sound reason as usual.”  –Marcus H  4.20.14

“I would like to say that I really appreciate the quality and quantity of the analysis that NFTRH provides and the timely updates. Your use of ratio charts to assess the fundamental backdrop is new to me and has been most educational.”  –Barry M  4.15.14

“I am really enjoying your service. I have been in and out of the gold sector for the last few years. Your analysis is really helping me time things better by using the interest rates fundamentals. I was missing that piece.”  –Francisco A  4.15.14

“Just wanted to let you know how much I appreciate your service.  Realized it immediately when your first mid week update arrived.

Absolutely wish I had subscribed when I first heard about you (~4 years ago).  You sent me some sample issues as a IKN subscriber over the years and they did not convey the additional value your service provides with the prioritized and timely updates.”  –George P  4.2.14

“Also I want use this opportunity to again say that I greatly appreciate your analysis.”  –Peter K  3.23.14

“Gary, Just completed a careful reading of this week’s report.  Thought it time to say, the quality of thought and analysis is top rate.  I appreciate the consistency week in week out.  One should never take quality for granted, so I just wanted to acknowledge your work.”  –Andrew C  3.17.14

“Great call on the uranium’s. U taking profits this morning or u gonna ride it out?”  –Guy A  2.26.14

“Don’t go to church as much – just use your Sunday morning report in its place. Feel closer to heaven after I read it.”  –Ed B  2.19.14

“Gary, sorry to overload you with this, its just fun reading your newsletter and sharing ideas and learning.”  –Pavel B  2.17.14

“Keep up the good work. I really like your chart-based presentational style – rich information with not too many words.”  –Andrew C  2.10.14

“Excellent Report!!  Thank you!”  –Chuck C  2.9.14

“Hi Gary, I am glad I somehow found your [site] and was smart enough to subscribe.”  –Donald B  2.2.14

“we will have a long term relationship. i like your style, it complements my approach to technical analysis which is based on time confluences and elliott.”  –Norral R  2.2.14

“We have not corresponded in a while so I thought I would drop you a quick not of thanks and praise for your work.”  –Doug F  1.30.14

“Many precious metal commentators say that technical analysis is, at best, questionable in heavily manipulated markets. However, your record since I became a subscriber to your service has debunked the veracity of that aforementioned school of thought!”   –James G  12.22.14

“I did a review of investing services last week and you easily made the cut. The same cannot be said for xxxx xxxxx or xxxxx xxxxxxxxx [very well known].”  –Douglas D  1.4.14

“I own a lot of small cap (development stage) PM miners, and I am hedged at this point, but to be filed under coulda, shoulda, woulda, I wish I had gotten 100% hedged a few months ago when you were very clear about downside risk on the $HUI.”  –John H  12.20.13

“Hi Gary, thanks for your excellent work. Your comments on the current trend and the macro outlook in the precious metal sector helped me greatly to remain careful and stay intact in this market.”  –Stephan S.  12.10.13

“Thank you for sharing your trades. Few other newsletter authors are willing to put their trades out there, in fear of losses showing their poor trading style, while putting on a facade of omniscience. This of course flies in the face of full disclosure, a universal principle, which if ignored, comes back to haunt the poser:  viz the usgov. Keep up the good work. I subscribe to several advisories, and yours is the most active.  What you put in, you get out.”  –Robert B  12.10.13 

“Hi Gary, thanks again for keeping us in the game thusfar.  Having survived relatively intact, I am well positioned…”  –Anthony H  11.21.13

“Really enjoying the subscription so far.”  –Andrew S  11.18.13

“…the Aden sisters get an A, but you get an A+. Thanks for your superb work.”  –Henri G  11.3.13

“Thank you for producing such a great newsletter.”  –Paul K  11.3.13

“Gary, thank you for what you do and how you do it. Today’s piece was particularly insightful and helpful to me in sorting out the noise.”  –Reuben C.  10.13.13

“Keep up the good work.  Great work actually.”  –Joseph F  10.3.13

“I continue to find your style of writing very constructive and I am a very satisfied subscriber.” –James G 9.23.13

“Congratulations Gary. You did the correct play. Lets make money with that call.” –Baltasar G 9.18.13

“Your analysis is the “only” analysis I take seriously because it is the only one that does what it is supposed to do, which is show the macro and technical situation in real time, without strong bias. I’m not sure what kind of feedback you get but do not change a thing…” –Simon W 9.17.13

“Just keep doing what you are doing. It is quite helpful, and in your consistency, it is easy to understand where u r coming from. Updates like this one actually are you at your most helpful to me.”  –Reuben C  9.17.13

“Gary:  Just want to say: Your newsletter rarely makes me “feel good”. It always makes me feel more informed.”  –Gary F  9.15.13

“You do help me, even though I’m more of a longer term investor.” –Ed B 9.15.13

“Simply solid stuff as I go through it a second time.”  –Joseph F  7.21.13

“What I want to say is that I have learned very muct from reading you these past couple of years.  I would have never even have thought about that [HUI-Gold] ratio two years ago. I have been through several up and downs with this market, even bought a good amount of silver in 1972 and sold it in 1980 at 49  (pure luck), but it made me put attention on the metals etc.  Last year and a half has been rough, but you have made more sense of it consistently than anyone else I have read (and I read a lot), and it has been easier to manage and understand.  So….  Thank you”  –Gary F  7.16.13

“I really like your work.  Wish I would have found it earlier.  You are way more intellectually honest than most and certainly more disciplined than I am (re precious metals complex especially).  So good for you.”  –Joseph F  7.12.13

“Gary, As far as I’m aware, no other service provides these kinds of updates at critical junctures, let alone from such a well-reasoned yet humble perspective (i.e., the market is bigger than all of us and there are no gurus).

You are a voice of balance and sanity within the most manic community (gold bugs) on God’s green earth (geez, I haven’t used the term God’s green earth in a long time – maybe it should be God’s greedy earth?).

Anyway, this is why I remain a loyal subscriber. As always, keep up the great work.”  –Ray V  6.27.13

“Hi Gary, I personally really appreciate these kind of updates. I generally know your investment philosophy but I also like knowing the timing of some of your moves. I am free to do the same or do whatever I feel is correct at the time. But I do like that confirmation of what I “think” you might be doing. So feel free to continue with these kind of updates, as well as the technical and macro updates. I really feel that it adds a lot of value to the already exceptional service you provide. Thanks.  –Simon W  6.27.13

“Gary, IMO you’re handling this decline much better than any other gold bull.”  –Jovan D  6.26.13

“i really like the last line you wrote in this mornings update ‘so another point of this update is that gold bugs – even the ones prepared for the destruction – should go about their business with humility and open minds as opposed to the hubris that many have experienced up until 2013.’

One has to learn from this correction.  I had blinders on listening to the goldbugs.  Not going to happen again lucky I still have some cash to make buys at these low levels.”  –Paul R  6.26.13

“LOL… I agree. You’ve been talking about this scenario for a while and it must be satisfying to watch it come together.”  –Guy A  6.21.13

“That was a really strong edition Gary, packed with all the stuff you do best.  Interesting floating the thoughts on carry trade, too.”  –Mark T  6.2.13

“Damn you Gary for being so sane during this madness!  I’ve called 7 of the past 2 bottoms…..a sub was scathing at me, I sent him your way! (Honestly bc it reflects good on me in the end)”  –Gold Stock Newsletter Writer  5.16.13

Gary: I highly respect your determination to work at being open and honest, to go/act with your thoughts and feelings, and also have the courage to back up, change when acting on your thoughts is discovered to be wrong for you. It could be a great role model for people: your kids, your subscribers etc. Thank you”  –Gary F  5.6.13

“Thanks Gary, That was the perfect read. Well done. Your letter helps me from slashing my wrists because it is so freaking honest and knowledgeable.”  –Julian M  5.5.13

“Hi Gary, Thank you for the refund [PayPal Admin error]. I thought about asking for it in my previous email but I decided not to because you actually saved me thousands of dollars with your service. I thought the one time double payments would be like a small “tip” as a thank you or something, but you’ve already made the refund before I could see this email. So anyhow, thank you for everything, Gary.  –Tom B  5.5.13

“Having proved to myself that I couldn’t guess my way out of a paper bag (and having lost loads of those little paper thingies that come in useful for living day-to-day) I joined your site. I love it, because I’m impulsive by nature and you’ve been the voice of reason in my ear saying to wait for clarity. So keep the faith Gary – not in gold, silver or miners, but in your own glorious common sense. Cheers”  –Simon C  5.3.13

“Thanks Gary for answering my questions. You have no idea how much it helps!! I have learned so much from you already. I like how you analyze things.”  –Chris T  4.29.13

“Hi Gary: Just another note of thanks — for your calming, disciplined approach with the emphasis on risk management. Very much appreciated.”  –Edwin M  4.27.13

“Thank you Gary for a very thoughtful answer.  I am sorry I didn’t learn about your service earlier.”  –Dennis G  4.21.13

“Good updates this week Gary!”  –Gordon B  4.19.13

“Gary, Your updates are great and very much appreciated. :)”  –Irena K  4.16.13

“I am extremely upset with you. But it isn’t because of your numerous pertinent updates. It is because you have managed this entire gold/miners debacle so well. I am sick and disgusted that I did not seek to replicate your cash positioning as now I am revisiting 2008 all over again and your frequent updates just reinforce how much better prepared you are to profit from the situation as opposed to those of us already crying for maternal assistance. I hate you. Well done.  –Bob T  4.16.13

“Gary, I find your email updates very worthwhile and read each with interest. Please don’t be reticent about sending out too many. Like most people, my time is limited and often I do not get to reading the entire weekly newsletter (true confessions). Your emails throughout the day, on the other hand, I find to be perfect size morsel to digest.”  –Kevin R  4.16.13

“Thanks for keeping me on track since HUI 400.”  –Anthony D  4.15.13

“Your succinct analysis is a life saver here.”  –Julian M  4.11.13

“Hi Gary, I just wanted to take a minute to tell you that I really appreciate your analysis. You’re understanding of the macro is second to none IMHO, and has been immensely valuable during these trying times.”  –Simon W  4.7.13

“Perfect update in every way.  Short concise, to the point, parameters.  All makes sense.  Thank you, thank you, thank you, Gary.”  –Gwen C  4.3.13

“Gary, you are the only one who has gotten it right the past 8 months; these updates aren’t noise, but helpful – especially on days like today.”  –Frederick L  4.3.13

“Are you intentionally trying to become the single most hated individual in “Goldbugsville”..??”  –Comment @ Safehaven.com on 3.28.13 (our response)

“When I came across your blog [subscribed to NFTRH in 2010 --ed] it was your determination to keep emotions, or beliefs, out of your analysis – that I found appealing. Though I do wish I had paid more attention when HUI lost 460 last year. That and the fact that I found your big picture macro view to be a lot more clear and concise than someone like [xxxx].”  –Dave C  3.22.13

“Thank you for the great work. I appreciate the updates during the week.”  –Mireille B  3.3.13

“I thought that nftrh 227 was even better than 226, which impressed me enough to get me to subscribe [226 was provided as a sample to eLetter readers -ed.] to another publication, just when I was starting to think they were all full of it.”  –LL 2.26.13 (new subscriber)

“Just writing to say that I enjoy your candor and rigor.  I get your newsletter to keep me on the right side of the market.  Not many newsletters do that.  I’m a satisfied reader.”  –Gary 0  2.25.13

“Sure looks like your hui 300 target [actually, 'low 300's' --ed.] will be hit Gary” – great job.  –Fred L  2.20.13

“For once I am on the right side of a falling knife trade.LOL. I owe the change in attitude to you and Rambus. Love gold, but respect price action.”  –Tim N  2.17.13

“By the way, I’ve been reading biiwii every day for many years, and know of no other blog that covers the areas with more logic and facts and emotionless content. It’s a haven.”  –‘Bart’, proprietor of Nowandfutures.com2.11.13

“Hi Gary – Just wanted to say I really enjoyed this [NFTRH 225], and found it quite helpful in crystallizing some previously conflicted aspects of my market outlook.  No buyer’s remorse on NFTRH whatsoever (except maybe remorse that I didn’t sign up sooner).  Keep up the good work!”  –Rich T  2.10.13

“Gary –  You’re doing a great tracking job and keeping us aware of the various alternatives out there.”  –Brad B  1.31.13

“Hey Mr. T., great analysis! I wish I subscribed to you a long time ago.”  –Michael H  1.24.13

“Gary, just wanted to say, excellent update today in every way possible.”  –Gwen C  1.4.13

“Very well played my friend.  Keep up the EXCELLENT work.”  –Pierre H  12.20.12

“Great work and great calls Gary!  i think today was the final flush out, maybe tomorrow, but I suspect this drop was shorts defending their position and there was a ton of short covering.”  –Fred L  12.18.12

“Thanks for all the work you do.  I really enjoy your newsletter.”  –Matt L  12.12.12

“As a novice TA guy, I had planned to subscribe to your NFTRH letter for a year as part of my ongoing education in the markets. I have learned a lot. I especially find your approach to ratio analysis very useful in understanding comparative advantages and now use several of your key ratios myself. Just so you know….cancellation in my case does not indicate any lack of satisfaction with NFTRH, just the conclusion of my one year plan.”  –Kirk R  12.9.12

“I too am way too far in cash in my trading accounts  (95%) but I’d rather miss the first part of a move than get trapped. Agree with your conservatism.”  –Gary O  12.6.12

“The bottom line is this, I subscribe to you for a macro take on the markets which you do a fine job by the way but I also want to tap into your thinking on stock selection.  You’re a smart guy and I see you as a filtration mechanism of good information!!!”  –Lee S  11.20.12

“Thanks for the update today, I think we subscribers knew what you would be saying.  I feel sorry for those gold mining investors not receiving your newsletter, as I imagine they must feel really dejected after a day like today.”  –Gary M  11.2.12

“I receive input from a number of different technical services.  Yours is one of the best.”  –Bradley B  10.19.12

“Sometimes I have a hard time understanding everything you write, even after a second reading.  That’s not because of how you write, but because what you write about is not easy.  I take that as a challenge to learn, to get better at this.  So keep doing what you’re doing, don’t try to make something easier to digest that inherently is difficult (at least for some of us), but rather, keep making us work at it.  Thanks,”  –Tom K  10.15.12

“My compliments.  These kinds of calls are going to have subscribers signing up big time to your new service.”  –Dan Q  10.10.12[Edit:  'In-Week' trading service idea scrapped for now because quality of life comes before $$$]

“Gary, Thanks a ton for these updates! During a week like this one — where my job and family have required all of my time, energy, and attention — these posts from you are sometimes my only contact with the market. Don’t worry so much about being a source of “noise” as it definitely helps to have this regular input from you throughout the week.  I can only assume that you have other clients like me that not only appreciate the in-week information but are also just plain comforted by the fact of knowing that you’re on the job when they can’t be. Regards,”  –Tom A  10.5.12

“Meant to tell you that I obviously  appreciate the coverage you provide, appreciate the updates very much, and appreciate the manner [in] which you deliver the service.  The only suggestion I have is that you get the trading service up and running.  Define your parameters and go for it.”  –Rich K  9.26.12

“Hello Gary: I don’t often comment on or interact with newsletter authors but your update this morning calls for a change in the norm. Let me say that your NFTRH has saved me 1000’s of dollars. And that I consider found or made money. Why?

1. It is an objective (or as objective as anyone can be) assessment of the markets.
2. It attempts to look at the complex interplay between different markets.
3. It is balanced. BALANCED. Very few other services come anywhere close.
4. It focuses on risk. If there’s anything to be learned from the last 15 years in the market is to never ever minimize risk. Thanks.
5. It is honest. That’s a word seldom heard anymore. When you are not sure, you say so. You admit your mistakes. You acknowledge your correct calls.
6. I don’t know you personally, of course, but from the way you write it sure appears you are a humble man. Pride always precedes the pit.
7. You offer the possibility of short and medium term analysis. IMHO both are useful. Both help.

If I could offer one word of advice…actually your own works… it would be to filter out the ‘noise’ from subs. You will never be all things to all people. Don’t try. Stay the course Gary. And many thanks for your excellent and helpful work. It is tough, extremely tough, [out] there and you make no bones about that. And that’s where your insights are so helpful.

Please don’t change.  With gratitude,”  –Edwin M  9.25.12

“Hi Gary, I’m a subscriber who very much appreciates your work both weekly & updates.
You can sign me up for your new update service as soon as available.”  –Joe C  9.25.12

“Gary, First I just want to say that you are the best and no one cuts through the BS like you!  Thx.”  –Mario R  9.19.12

“You, on the other hand, have backed up your words with shitloads of thorough. solid. hard. work, and got us thru these hard 10 months, out in Feb thanks to you, cashed up and catatonic for 6 months, and dippin the toes in since the July-ish pivot.”  –Julian M  9.16.12

“Been a great last two weeks to return to trading gold/silver miners.  Playing old favorites AZK, IAG, AAU, NEM and a few others as well as a couple of forays into GDXJ and GDX.  23 trades in 8 days, every one closed out profitably.  As always, your insight and technical parameters in NFTRH and email updates have been valuable to me.”  –Scott H  8.24.12

“Re No.200, firstly well done on reaching that number. Great report, very thorough.”  –Gary M  8.19.12

“By the way, not sure if you followed ECYT, one I asked you about a ways back.  You indicated 10 as a target.  Well, its almost there!  Nice work.  –Richard K  8.17.12

“Gary, this is a piece of fan mail for you. I have only been a subscriber for 6+months and am delighted by your weekly letter (and mid-week updates) and how you include your thought process both as a robot and human trader. The compliment here is particularly how you layer in and concisely communicate the ‘honest’ nuances of the human side of contemplating the charts. Happy to be aboard as a subscriber.”  –Jason P  6.25.12

“Hi Gary, I did not find the letter [NFTRH 193] grinding at all. After last week, I was searching for information and some kind of analysis, and you provided it. The market is what it is, and right now it sucks. If that makes for tough and grinding news letters, I’m fine with that. In fact, its a necessary gage for me as an investor.”  –Simon W  6.25.12

“Gary, I love your model portfolio idea.  Thanks for putting that into your newsletter because it helps me orient myself safely.”  –Sid A  6.10.12

“I continue to be amazed how you seem to find some of the most interesting ones – at the same time I do – because I only look at the charts after I look at the fundies, in order to guess on pricing.”  –Frederick L  6.8.12

“Hey Gary:  I have stayed with you because you have tracked my own feelings and belief the closest of all the (many) people I read.  And, you do it without being blindly rabid pro gold, or despairingly negative gold ( at different times). I have found your information to be supportive of my own beliefs, and have helped clarify specifics. You never tell your subscribers what to do with specific stocks, but your information is quite specific with balance.  I also think your ratio charts and how you look at things is uniquely helpful.  Hope that this is the beginning of another ramp up towards the other side of the deflation/inflation process. I feel I am well positioned this time around. Thanks for your help in the process.”  –Gary F  6.3.12

“Gary, I really appreciate the personal touch and concern in your communications: they are appreciated and show how much you genuinely care about your subscribers.  Thanks.”  –Derek C  5.29.12

“Gary, As always, your comments are sound, sensible and based on [parameters] which you have referred to during this whole period. Thanks for your guidance and chart translations and all the work you do to bring us reality.”  –Karen K  5.29.12

“In March, I signed up with NFTRH for a month to give it a try. Your work’s been steadying at a time when I need it.”  –Darin G  4.26.12

“Thanks very much for your wonderful service (in all senses of that oft overused term).”  –David N  4.23.12

“Great letter as usual Gary!  I appreciate the detailed analysis… Since I was a lurker before a subscriber, I’m particularly grateful for many months of freebie analysis.”  –Bart B  5.21.12

“One of the things you don’t highlight enough in your promos is customer service. The newsletter is great, and I appreciate the hard work. But your customer service is top notch. I ask off the cuff questions and always get straight/detailed answers. Thanks.”  –Blog comment from subscriber ‘coasta’  4.15.12

“Was just reading the October 2008 NFTRH editions. Wow! Such great calls on the price targets for the HUI and AU.”  –Derek C  4.14.12 (new subscriber)

“Love your work, and am truly grateful that I have you on my side!”  –Mario R  4.8.12

“Gary, thanks for what you do, your updates have been of great value to me.”  –Mathieu R  4.6.12

“Gary, I love these updates.  I feel like I have you in the next office for
questions….. keep it up.”  –Jason I  3.29.12

“I really enjoyed your Sunday NFTRH!”  –Patrick C  3.29.12

“Awesome insight into PVG. I like the micro as much as the macro. Allows people like me to adjust positions and look for opportunities. Hoping for XX.7 for PVG ;-)”  –Aditya W  3.22.12

“Gary, Thanks for the big picture update this morning. It helps — at least me — when you pull back and show us the ‘forest’ after having taken us down into the ‘trees’ like yesterday. Awesome service!”  –Tom A   3.21.12

“I for one, appreciate ALL information you provide.  Very valuable for me, especially because you combine TA w/ fundamentals.”  –GC  3.20.12

“Love this, Gary!! I know you don’t want to be running a trading service, and I respect that. But this kind of occasional advisory about buying opps and prices targets near market bottoms (as you did back in 2008) is a HUGE help to subscribers like me who simply don’t have the time to trade and are looking to establish longer-term positions. Keep ‘em coming. (And if you DO decide to sell your other business and run a trading service after all, sign me up! :-)”  –Stephen M  3.20.12

“Thanks for the excellent service Gary.  You help give shape to a difficult market.”  –Pierre H  3.20.12

“Hi Gary: I’m enjoying the recent sub and your thoughts — they are a wonderful balancing act to the misinformation especially with regard to the gold bugs.”  –Edwin M  3.14.12

“Gary, from a pure hard-nosed analytical POV, even if in real life you are a strumming widget maker, you are becoming one of the best people I read.”  –Jonathan A, Managing Director, Auerbach Grayson, NYC  3.14.12

“Nice note this morning. LOVING the action today.”  –Navin V  3.14.12

“Very good update Gary, many thanks for this.”  –Trevor G  3.14.12

“Great post – thank you!”  –Ann F  3.14.12

“Looking forward to your analysis this week.  I’ve stepped up my game since reading your weekly, thanks for the help.”  –Jim W  3.4.12

The thoughts of a fellow blogger who I respect greatly for his integrity can be found here in this post at IKN –GT (biiwii)  2.29.12

“Hi Gary, 1st let me say thank you for the excellent work you provide to your subscribers. I’m an old fart & will not become a short term trader. However if you decide to start a 2nd service count me in. It has to help me with timing & even if it doesn’t I will be pleased to support you because of the quality of your present NFTRH.”  –Joe C  2.20.12

“Hello, I’m a recent subscriber, and I enjoy your weekly letter and intra-week emails.  I appreciate your perspective and insights on the weekly/monthly timeframe. As for a new service, I would be most interested in a “swing trading” type timeline (2-4 days, or more of holding time) rather than an intraday frequency.  I’ll never complain about too much email though.  All-in-all, I’m a happy subscriber, please keep it up!”  –CW  2.19.12

“I enjoy your work and appreciate your efforts”  –Will M  1.31.12

“Thanks for your great newsletter”  –Monica M  1.31.12

“Wonderfull update. Thank you so much for your analyses this year, it has allowed me (us) to consolidate so much. Would be a ship without a rudder without you mate.”  –Julian M  1.26.12

“Thanks so much for resending your last 2 messages. I read many analysts for their opinions on the markets, but I value yours the most and it is my only subscription.”  –Frank M  1.18.12

“Gary, Just to let you know I think your #170 is brilliantly thought out, written, and presented. It is worth more money. Another happy subscriber.”  –Julian M  1.17.12

“Love your work – discovered you through IKN, but you have become my “must read” … Please keep it coming!!!”  –Richard A  1.9.12

“What’s particularly regrettable is that I was up 50% year-to-date on Labor [Day]. My big mistake was not realizing how overbought gold had become in August.  Shoulda, coulda, woulda listened to you on that one as you were all over it.”  –Douglas D  1.1.12

“Brilliant calls.  Nothing else to add. All the best to you, enjoy the holidays. Looking forward to 2K12!”  –Pierre H  12.29.11

“Good work, Gary! Excellent timing (to the best of our knowledge), excellent companies.”  –GC  12.29.11

“Dear Gary, I am a new subscriber and I am enjoying your take on the markets.”  –Frank M  12.28.11

“I actually think this past year was the most difficult market environment I have experienced thus far in 25 years of following them.  I am hoping I learned a great deal that I can capitalize on moving forward.  I think that will be the case .  Reading your newsletter certainly contributed a great deal to my ability to interpret and “deal” with these markets.”  –Richard K  12.25.11

“Very good note. I’ve read all of the [financial writers] on occasion, they are blinkered (as I used to be, perhaps taking my cue from them) but you are just pragmatic. Which is what is needed.

It’s been a good year for my clients, mostly sat in Gilts all year, up by around 8% or so, just waiting for that ‘bottom’ to appear, and major QE, to switch back to risk assets (yeah, I know, Gilts a non-risk asset, as if). Your letter has helped all year to guide the way. Have a great Christmas and Happy New Year.”  –Gary M  12.20.11

“Great job by the way keeping track of the precarious situation, it has helped us tremendously to have someone with their own skin in the game providing such useful technical assessments.”  –Tom S (MetalAuGmentor.com)  12.20.11

“Personally –I believe 2013 will present total collapse.  The greatest depression where only the strongest will survive.  On behalf of my family -I express heart felt gratitude to you and your work Gary.  Keep up the more than good work.”  –Julian M  11.27.11

“Hi Gary, I don’t like your idea with the weekly alternating stuff … please just keep it like it is. Kind regards” –Dirk F  11.24.11 [ed: we did, w/ improvements ;-)]

“Listen Gary, no shit.  I read a tremendous amount.  I have sampled and subscribed to several letters.  I don’t want you to get the big head, but you are hands down the best.  Your ratio work is stand alone.  Nobody that I know did that till you started showing it.  The one thing I’ve learned from you is that you want to try to be on the right side.  I think you have a lot of tools to get us on the right side.  Whether we listen and react is up to us.”  –Mike C  11.23.11

“Summaries would be nice, especially when there is a lot of terrain to navigate.  That said, however, one thing I really like about you versus **** is that you always connect the dots and **** often does not. His weekly ******* ****** is much shorter, and on many occasions requires the reader to take a leap of faith in terms of how certain conclusions are reached. I never have to do that with you.  I like the fact that you don’t predict as much as you interpret what the data – which you always share – is telling you.  Have a nice holiday.”  –Reuben C  11.23.11

“Much of the charm of NFTRH is that it is oracle-like and not telling you to do this or that. You risk getting pigeonholed if you start playing to the fkkn asshl peanut gallery dude, and your view on the markets is worth 100X the normal. Do not succumb to being a commetator that assholes understand, because that, eventually, will make you an………………yup you guessed it.  Just mho of course, that of somebody further outside than you, the outsider. I’m being utterly selfish of course because I’d hate to lose your voice as part of my weekly mix.”  –Mark T  11.23.11 [ed: you got it sir!]

“Thanks for your analysis. I often find your week-end edition too complex
for me but like the way you’re doing it during the week!”  –Jean-Marc E  11.10.11

“Hi Gary…I like the way you mention what you hold in your portfolio…anyone with a working brain can do some dd and understand why.  Please dont become the stock picker as I believe it justs makes it  all too cumbersome and hurts everybody…buy and sell as you please when you please and let us know what in the bag is fine by me.”  –Steve P  11.7.11

“Anyway, and as well, I did want to tell you that I find your service nothing short of outstanding and can’t imagine anyone or any service better.  Your calls on when risk is low and when it’s high are always prudent and well taken and I do like the NFTRH email updates.   A while back on your blog I recall you mentioning about “bludgeoning” your subscribers with updates.  Well, keep ‘em coming as far as I’m concerned whenever warranted and thanks for them.  Short of becoming an all out stock picker which you refuse to do, I’ve noticed that a little bit more, you’ll throw the odd bit of TA out there about a particular stock “for our consideration” if we’re interested.  So I think that you’ve got a real nice balance now without going all in as a stock picker.  –Bruce S  10.10.11

“Hello Gary, Just finished up with issue 155 and feel it’s some of the best work you’ve done to date.  For me anyway, this is why I subscribe, when everyone is in a tither you present the markets as they actually are.  If your service was a stock it would be paying out dividends this week.  Well done.  Thank you,”  –Garry C  10.2.11

“Thanks again for your dedication to your clients. I feel I’m benefiting immensely from your service. I’ve been trying to get my friend on board as well. He’s been losing money on his stock picks so I’ve been telling him about the great choices you’ve made in PM’s.”  –Patrick C  9.17.11

“Just want to let you know how much I appreciate the awesome job you continue to do.  Your work on the weekly newsletter is valuable enough, but these frequent email updates truly go above and beyond.  It is your calm, unbiased, unemotional perspective that helps the most – I have learned a lot about technical analysis but more importantly about the value of patience from you.”  –Ray V  9.16.11

“Hi Gary, Since becoming a subscriber, i’ve learned a lot from you on how to manage my own portfolio risk. I still can’t believe i never used “Relative to” charting until [seeing] your work. In addition, thanks so much for providing your intraday updates…. they’re awesome.”  –John A  9.14.11

“Man, Gary. You’ll definitly have to put this up on the blog after this short-term storm blows over. I’m sure there are a lot of very nervous folks out there right now wishing they’d have sprung for your NFTRH sub. Thanks a ton for your steady hand!”  –Tom A  9.14.11

“You cannot be all things to all people. So look within and be yourself. That’s what I want from you, what you are thinking and seeing. If I don’t want to look, I don’t.”  –Michael T  9.14.11

“Love your work. I’m a lot more risk tolerant than you and I like the way you “balance me out”.  –Doug D  8.21.11

“Hi Gary, Great letter this weekend… thanks for all the efforts and personalized service you offer.”  –Normand J  8.15.11

“Gary, this was one of your best pieces. Very clear, little jargon, and quite helpful.  Keep it coming.”  –Reuben C  8.14.11

“Gary, I do not write to you often as I figure you are busy enough, but I had to drop you a note to say super update!  I was sitting at my screen wondering what to do next and you have just given me the sound counsel I was looking for to deal with this market.  It makes me wonder how other people who are not subscribers handle these markets…”  –Mario R  8.5.11

“Gary, This one post of yours saved me a lot of money today.  Your analysis I have grown to trust, and this posting confirmed several signals I was getting from the market today.  As a result, I did a rare thing- sold a lot, and right away-  before the cliff dive.  Not just for this post, but for all your postings- THANK YOU.  I really appreciate all you do, and how you do it!”  –Mike W  8.4.11

“Gary, Thank you very much for your timely morning update suggesting taking profits until all is clear!!!”  –Lyling H  7.27.11

“ps  i wanted to also point out that you are saving me money on the buy/sell side but also i have let many other newsletters expire b/c of your excellent work…hence, you have saved me money and time in that regard as well…”  –Joseph M  7.20.11

“Hi.  Just wanted to say that I am very glad I subscribed a few weeks ago.  I have added a significant amount of “insurance” of numerous types based upon your analysis, including more yesterday.  I had been on the fence until receiving your email update yesterday.  It really looks as if your analysis and interpretations have been absolutely correct and my portfolio thanks you.”  –Bob T  6.23.11

“Gary, Thank you again for your great newsletter. I look forward to it every weekend.  –Monica D  6.23.11

“Hi Gary, Great update, thanks!  So, the reason I’m writing is in response to your “Spontaneous NFTRH Promo…” post.  I was about to put something on your blog but wanted to bounce this off you first, as I’m not sure if it would look cheesy giving you + feedback there.  Bottom line, I want to give you positive feedback but I want to do it the best way and I’m not sure what that is.

I wanted to say that, “since August 2007 I have been searching for someone who can both sift through the bullshit AND invest accordingly.  From both a profit perspective and my own moral perspective I wanted to find one who could see the world and market for what it is.  I can’t tell you how many out there can do the former but not do the latter, and vice verse.

I first saw some of your work on Seeking Alpha and then I think Tim Knight mentioned you a few times – as he is always looking for an opportunity to be contrarian your PM stance, lol!  [me:  I think Tim Knight sometimes references a different gold bug 'Gary', or maybe it was me... not sure] At any rate, my mental notes finally pointed me to your blog.  I found some excellent analysis that was both real and surprisingly contrarian to popular market thinking, even contrarian to what I thought was ‘smart’ market thinking.  I signed up in Jan. ’11 (finally) and immediately started to grow my capital and then, importantly, preserve that capital!  I haven’t found anyone who has the patience you have, nor the ability to sift through the tea leaves as you can.  I’ve found a consummate professional here in the Rabbit Hole and am happy to say I’m done shopping around.”

Honestly, I’m not gushing, just calling it as I see it. You are welcome to use this, in whole or parts, in any way you see fit and/or I am happy to post this myself on your blog.

Regards, Dave (a.k.a. Shell Game on your blog)” 6.22.11

“Re: Money Supply & Inflation (& a mini screed)  That was superb, one of the best pieces i’ve seen written on how the unfolding macro ties in with personal money decisions…not just by you but by anyone. I’ve always found it difficult to write that type of piece, because the line between financial sanity and the tinfoilhat mob is very fine. Easy to fall off the tightrope, but you did it so well. Feel good about that section and i’d love to see you put it up on your blog later in the week to get a wider audience to it.”  –Mark T  6.19.11

“Gary, Pages 16 & 17 re ‘off-grid’ – excellent!  I read twice and wrote the points down in a notebook immediately.  Things we all know, but need reminders.  And so well put… I cashed in, (penalties, taxes and all), every $ of my family’s IRAs in ’06.  (Back then, I was called ‘crazy’.)  Held the cash, then used it to top off our gold and silver bullion holdings purchased back in ’02, when PM’s went on sale in ’08.  Whether 401(k)’s are forced into Treasuries, or just heavily taxed, or control taken away from us … it’s coming.  Never thought of it that way, but slowly going off-grid makes sense.  Taking more control for ourselves. Thank you!!!”  –Gwen C  6.19.11

“Thanks for the continued hard work and being who you are.  It is comforting for me to know there are people out there like yourself.  I hope you never get too tired or discouraged from what you do.  I know for me, sometimes I get caught up in frustration with what goes on out there in the world.  The deception, lies, etc.  But having a newborn that is totally dependent, alters the outlook.  I get what you mean more nowadays when you say, its just the markets, even though I already felt I got it.  We all have to keep going for the sake of the future generations.”  –Michael H  6.19.11

Brilliant Again [well, his words not mine; just doing my job] Love charts pages 12-14.  Love anecdote on you vs. PH.  You go dude.”  –Larry L  6.19.11

“Thanks Gary, it’s a clear message.”  –Dan Q  6.19.11

“Gary, Just back home, read the letter. Well done. It was solidly written, and effectively to the point(s). Clearly you were on your game today.”  –Jeff C  6.5.11

“Gary, Your letter is, hands down, the best information I’ve ever received.  (Easily understood charts, simple to-the-point narration, useable information.) And I believe I read some of the best, for thinking & different viewpoints.

I’ve only read today’s NFTRH (new subscriber today) and I feel much more confident already in how to keep an eye on market direction for portfolio protection.  I was grinning from ear to ear as I read.  I am not a chartist, but follow along and believe, at times, they can become self-fulfilling.  I do, however, understand macro economics and secular bull markets.  I’ve been in the gold secular bull market since 2002.  I read a LOT, but again, for the first time I don’t feel like I’m ‘flailing’.” –Gwen C  5.16.11

“Gary, Another really great issue. Well considered, and brilliantly (yeah, really!) written. I appreciate your thoughtful comments about the markets, your concerns and reasons for your decisions and recommendations. I am not a chartist, but appreciate its value and continue to learn from your examples and commentary. In the five months or so that I have been getting your newsletter I continue to learn, taking my DD in much different directions than I have in the past. I appreciate your conservative and honest work.”  –Karen K  5.2.11

“Gary, thanks for the frequent updates. Given that we are at such a critical juncture, they are enormously helpful.”  –Reuben C  5.2.11

“Amongst newsletter writers and/or bloggers, you write much more intelligently by far, than most.”  –Bruce S  5.1.11

“Brilliant issue, Gary. Hugely helpful. Your level-headed chart reading is a much-needed corrective to my inner terrified gold bug, the one who got squished in ‘08 and desperately wants to sell right now. It’s no wonder the sector is cowering in a corner; we’re all victims of Post Traumatic Market Syndrome and undergoing a collective flashback and freak out. As I once learned in Mindfulness Based Stress Reduction:  “Thoughts are not facts.” Thoughts are just thoughts. Charts, on the other hand, are facts. I’ll go with the facts.”  –Stephen M  5.1.11

“Good evening Gary, from NFTRH133:  ‘….with Wall Street able to tout a nice bullish S&P 500, and pretend silver at $46.50 is not happening.’

<yawn> your newsletter is soo this morning..  ;)

Couldn’t resist the rib, silver futures just pinned $49.82 10:20p.m. PST, lawdy have mercy…  By the way, I’ve been making money ever since recently joining your service, you’ve made it fun again.  Many thanks.”  –David W.  4.25.11

“Gary, Thank you for such GREAT comments and analysis of the markets. Along with Otto’s newsletter, I really look forward to Sundays for NFTRH. I am a new subscriber — about a month now, and I have learned tons of info from you.”  –Karen K  3.6.11

“Hello Gary, Wanted to let you know that we really appreciate the excellent macro, technical and sector analysis that you have been doing. The main reason we became subscribers recently is to help reduce the amount of primary research we need to do in order to discent and evaluate the most relevant events and factors affecting the markets where we invest and speculate. We’ve found your analysis to be among the most objective and unclouded by politics or preconceptions about economic and social outcomes. This type of level-headed approach is a rarity and we feel that serious investors have much to gain from it.”  –Metal Augmentor  2.21.11

“Dear Gary,  Just a quick note to say, in my opinion, NFRTH 123 was first class. I remember in late 2009 and early 2010 your mantra was “risk is rising”. At the time I remember you effectively saying, “that’s how I see it and for as long as the situation persists I’ll keep saying it, even if it isn’t exciting.” All the while I read that I thought to myself “Good, this is precisely what I want from a newsletter writer!” Reality is what it is and although it can change overnight given the appropriate exogenous (we didn’t see that coming) shock, I don’t expect it to conform to my wishes, goals, hopes or ambitions, nor do I expect it to entertain me.  Please keep up the good work and all the best to you and yours.”  –Steve K  2.13.11

“Gary, Happy Super Bowl day. Your market analysis using the inter-market indicators is in line with my thinking.  I have been using the same indicators but did not make sense of their impact on market.  You have made it very clear to me now how market risk/reward is affected looking at these indicators. Plus most of the equities  in portfolio are my old favs. Specially the STM.to.  I am glad to be part of this group and hope to enjoy my association with NFTRH for a long time to come.  Thanks for the hard work you put in to make it easy for us among jungle of speculators.”  –Shyam D  2.6.11

“Thanks Gary, great issue [NFTRH122].”  –Stephen M  2.6.11

“I’ve raised my cash levels waiting for the market to correct and you’re helping me stay patient which is a weakness of mine.  So please keep beating me to death with your risk/reward scenarios because it helps me become a better investor.”  –Garry C  1.27.11

“Hi Gary, First off, I hope you have had a great Christmas with your family!

Second thing is that I am not sure when I am due for the next year’s subscription, please let me know and the details for a Western Union transfer.

Lastly, I just wish to add that I have found your newsletter well-written, sometimes a riddle, but mostly an excellent interpretation of the markets, which has stopped me from selling and/or buying at the wrong moment. I am financially the better for your advice, thank you.

Best wishes for 2011″  –Steve B  12.28.10

“Just read the Risk.. post and you are one humble dude.  The analysis of the ratios and indicators you have flushed out I am pretty sure are yours.  I have read a tremendous amount of shit over the last 7 years (paid and unpaid) and NOBODY is even in your league.  It is about as proprietary as it gets.  Keep up the excellent work and thanks for working your ass off to keep us on the right side of the trade.  God Bless and continue on with the humbleness.”  –Michael C  12.13.10

“Hi Gary,You’re hitting the sweet spot. I don’t know if it’s because of my successful actions based on your research I think that, or simply that you are entering the zone of excellence and balance with your newsletter difficult to describe in any other way. Either way, I know you are getting better every year. When that long expected financial tsunami overwhelms us all in ways yet unknown, at least I can say that of all the people I read for information regarding the markets, you helped me prepare by keeping me aware.

By the way, I’ll bet all of us subscribers love the alerts and none of us feels in any way micromanaged; I like being micromanaged though.

Have a great Christmas and New Year!”  –Mark F  12.6.10

***Below is feedback from NFTRH’s first two years***

“Go for it Gary… you are good, a great read and you have a unique voice so count me in”  –Jon A (Managing Director, International Brokerage Firm, NYC) 9/25/08

“I like your letter because it IS reputable and broad enough to provide good ideas for research and consideration… I’ll be an ongoing reader because I consider your stuff head and shoulders better than any other letter I’ve used, and there have been a few.  Going through them was expensive, but a lesson in itself.”  –Doug T  11/11/08

“I’m continuously amazed how you use various indicators and more importantly, how you evaluate their potential significance.”  –Jurgen W  12/7/08

“Gary, I think you should know this. I subscribe to you for one simple reason. You see outside the box BETTER than most I’ve read and known, and you are good…”  –Armando R  12/8/08

“I am definitely in tune with your approach. I read a lot, from a lot of different sources. You, Elliot Wave, Safehaven, Prudent Bear, Big Gold, etc. And I am trying to make sense of all of this. The bottom line is NOBODY knows what is going to happen. All you can do is look at probable outcomes and manage risk/reward, exactly like you said. That is why I subscribe to you. Not because you are a guru, but exactly because you are not one. Because nobody is, and so the honesty is very refreshing :)”  –Mark B  12/10/08

“I’m enjoying your NFTRH immensely and finding it very helpful”  –Ann F  12/31/08

“You’re much better by far on TA than others I know, so you’re the man in that arena… I watch the oils, currencies (including goldie) and PM miners, so we have significant overlap. Now, I need to see when it makes sense to long/short them in their inevitable rise and that would be your role!  Can you say “nearing resistance” or “nearing support”??… Besides, we all need folks to suggest actions with which we may not agree so we can examine why we don’t agree since we all have that tendency to see what we want to see and pooh pooh things that don’t match our current world view.  I absolutely hate it when you or Tim Wood say I am wrong as it forces me to doubt my position.  I wouldn’t have it any other way!”  –Ron N  1/20/09

“Notes From The Rabbit Hole (NFTRH), the weekly newsletter run by BiiWii Gary, has developed from a good read to a truly great read on all things market” –incakolanews.blogspot.com  1/25/09

“Hi Gary, Thanks for the great job you are doing!  For $26.00 per month not only do you get a wealth information but the value is increased immensely by the occasional emails you send out if things take a turn.” –Doug M  1/29/09

“Completely agree.  One of your best [NFTRH22]” –Lawrence L (Managing Partner, International Equity Investment Management Firm, Boston, MA)  2/28/09

“Thanks again for giving your well thought out and written perspectives!”  –Robert S  3/8/09

“You’re incredible…..  Such great service comes with this newsletter.” –Jerolyn J  3/30/09

“I’m canceling my xxxx xxxx subscript in order to keep yours.  Might have to sell my body to keep Russell, Lol… Thanks Gary. You are really on top of this stuff. You would pooh pooh the 6th sense thing, but you are right on it. Amazing.” –Steve D  4/3/09

“Thanks Gary , I had my epiphany (seasonally timely!) this weekend…it’s inflation all the way kid…the last bubble and the final frontier. Your thinking and articulation are so very good.”  –Jon A  (Managing Director, International Brokerage Firm, NYC) 4/7/09

“Hi Gary, So first thanks the intriguing insights. I do enjoy your writing style and I wind up reading your newsletters 2-3 times anyway, though they are not as hard to follow as I thought.”  –Mark P  4/14/09

“You had made a recommendation to buy Gold Mining stocks (back in December?) and you had said that it was a once in a life time opportunity. Well – I took your advice and made an excellent realized gain.  Thank you!!!  That gain certainly justifies the subscription cost.   Thanks again!”  –Lyling H  4/15/09

“[I'm an] economist by training, but I’ve recently learned to appreciate the psychological side of things… I can now see the value in the technical analysis (as the underlying is really mostly psychology), hence why I like the added-value provided by your newsletter!!!!”  –Peter B  4/16/09

“Excellent and timely finger pointing. Tripled my subscription return on a round trip”  –Ron N  5/1/09

“Hi Gary, I have now read these NFTRHs, and they are excellent reading and very informative. The only trouble I see is your claim to the “proprietary” brag-to-the-wife indicator. I have been back testing just such an indicator, and I have concluded that it is an excellent sell now indicator that I only wish I listened to more :)  I look forward to next week’s.”  –Steve F  5/3/09  “Your comments are refreshing and reassure me that my subscription is well placed”  –6/2/09

“Excellent edition [NFTRH32] Gary”  –Mark T  5/10/09

“Here’s a quote which you are free to use : ‘Thanks again Gary for the non-investment thoughts in your NFTRH newsletter .  Acting on the conclusions I drew from your non-investment ideas, more very profitable trades.  Double digit ideas deserve a single malt response!  Enjoy!'”  –Ron N  5/16/09

“Keep up the good work.  It’s appreciated.”  –Joe C  5/21/09

“NFTRH pulls me back to check the ‘map’ if you will.  Your personal orientation….how you do things….what you’re looking at…..etc.  All good stuff.”  –Jerolyn J  5/21/09

“And thanks again for your great service.  In my opinion you are the best all around investing letter.  You come from an honest place and try to educate and make some money.  You are accomplishing that.  Warm regards,”  –Paul K  5/25/09

“Hi Gary, just subscribed about a week ago and liking it a lot. Really opening my eyes up to some things that I’m trying to research further.”  –Mark F  5/26/09

“Your comments today about the subscriber cancellation were quite refreshing. They also reinforced my reasons for subscribing to the letter. It is not that you are a better technician than I am. Nor that you are a better observer of the “human condition” (so important to trading successfully). Rather, it is your ability to distill everything you see- and feel- into concise, powerful statements. These statements force me to question my own strategy, forcing me to be a better trader.  You provide a dose of reality which, I fear, I need more of each day.”  –Jeff K  5/27/09

“Cheers to ya… I know you’ll keep a calm head while rabid gold bugs drool and howl at the moon.”  –Scott H  5/29/09

“I live in the UK and given our property boom, debt and [quantitative] easing, I feel that we are going down the same the route as America. I currently have purchased some physical gold and within the last two weeks purchased a few gold stocks, picked mainly from Jay Taylor’s Gold & Technology newsletter. This weekend, while researching, I stumbled upon your site. I felt you talked a lot of sense and have a good grasp of the current financial crisis. It was your blog entry of May 28th, 2009, that made me sit up and think whether, I was doing the right thing by jumping in and buying gold stocks at this particular point in time.”  –Paul T  6/1/09 

“I really appreciate your reasonably conservative perspective on the markets and especially gold/miners. Having sold my business in 08  I spend a lot of time following the economic show and the resource markets. I’ve already learned some good stuff trading-wise from your efforts. Want (and intend) to follow the blog more closely. I’ll certainly stick around for a while. Great work Gary. Thanks,”  –Bill H  6/8/09

“My pleasure Gary. Your ‘free’ blog insights have served my clients and my business well. Figured it was time to start paying you back. Really appreciate your passion, your objectivity and your work product. Cheers,”  –Paul A, Registered General Securities Representative  6/10/09

“Hi Gary, Being used to typos in everything lately, even mainstream articles and commentaries, it is something that bothers few, I’m sure. But, one of the reasons I subscribe to you, is that your perfectionist qualities are admirable and reflect a concern that is rare and probably permeates everything you do. You instill trust. Thanks for the good work.”  –Mark F  6/22/09

“Hi Gary, As one of the “I gotta get into the miners” at [HUI] 360 or so, I have saved myself a considerable sum of money by listening to what you have been saying. Good job!”  –Steve F  6/23/09

“Good morning Gary, I haven’t dispatched a note of appreciation to you for a while;  and you’re due one; hence, this… for me, this is a particularly fine edition of Notes.  What I like is your ongoing reminders of themes – slow learner here – and your wonderful chart notes and commentary – helping me learn how to see – and highlights like the falling wedge to support being one of your favourite set ups – I underline and asterisk educational snippets like that.  Anyway, just thanks from me.  Kind regards,” –Barbara F  7/12/09

“Actually, I’d do a lifetime sub if you had it.  Seriously.  Keep up the great work.”  –Stephen M  8/2/09

“Gary, thank you for your work.  It has great value to me, always keeping me mindful of the larger market forces.”  –Dennis S  8/4/09

“Gary, Just a note to say I am finding these mid week updates very very helpful.  Glad you are doing this.”  –David M  8/4/09

“Sir, I’ve only been a subscriber for a short period of time and already I feel I’m getting more than my money’s worth.

I don’t want someone to hold my hand and tell me what to purchase. What I need is a sharp mind explaining to me in near real time his or her thought process on how to navigate this market without idealism, hope, propaganda or blind bias.

As individual investors or traders, the only way to “win” is to empower ourselves. That only happens when we stop allowing other conflicted, biased people with agendas think for us and begin to think for ourselves

I need a shot of courage to act on my beliefs. That courage comes from someone else examining my beliefs for honesty, intelligence and common sense. Since you share my beliefs and attitudes, you provide that third party review I so desperately need.

If I don’t have someone else examine my thought process, I am prone to information bias where I seek out confirming information and ignore contrary information. A sure prescription for financial and emotional disaster if ever I saw one.

It seems you are exactly what I need. Thank you.”  –Michael T  8/20/09

“Gary, Your analysis and guidance are much appreciated by me and, I suspect, by many others.  No one has the answers or a window to the future.  Your discipline and respect for the truth communicated only by charts is invaluable for those of us who struggle ever day with emotion.”  –Dan G  9/2/09

“I have not taken the time to thank you for the wonderful commentary and profitable ideas you have presented me.  So, here it is…  Thank you!”  –Doug M  9/16/09

“I appreciate your candor and consider these missives like today to be an extremely rare and valuable asset helping me to navigate through these wicked waters.”  –Jay D 10/4/09

“Thanks again for the great analysis.”  –Jason I  10/6/09

“Hi Gary, Well that was a nice way to start the subscription.  The analysis of GDX is why I subscribed and your thoughts seemed to have been spot on.”  –Guy P  11/3/09 

“Gary, Many thanks for your updates they are really appreciated. The updates together with the newsletter help me enormously in planning my approach to investing in the markets during these turbulent times. The newsletter subscription is the best value out there.”  –Paul T  12/1/09

“Hey Gary, I for one really appreciate these frequent insights into what you are thinking/feeling/doing – especially for projecting off of as a fellow market participant.”  –Ray V  12/1/09

“Hi Gary,  Sold AAU at $1.23. You are brilliant! My devastating losses from last year are not looking so bad anymore. Sure, I lost the profits I made, but at least my initial investment is inching back, thanks to you.”  –Mark F  12/3/09

“Gary, sometimes you just nail it; this is one of those times.”  –Jon A 12/20/09

“Good (Green) Morning Gary, I am sure you saw this [LAM.to news item] , just wanted to say Thanks for the intro to these ideas. You seem to have a knack for finding gems as they are ready to make a move!” –Doug M  1/11/10

“Thank You for; your writing, strength and sticktoitiveness.”  –Robert E  1/13/10

“tx Gary. an affirmation for you…I really like this educational [gold stock] commentary. regards b  –1/21/10

“Hi Gary, Thanks for helping me to see corrections as gifts instead of harbingers of doom”  –Mark F 1/21/10

“Brilliant”  –Lawrence L  2/7/10

“I want to be as direct as possible here, Please, keep up the great writing! I subscribe to Biiwii [NFTRH] because I believe you have the perceptive intelligence to see what others won’t see and the skills to place those thoughts on paper, period!”  –Robert E 2/8/10

“Man you have a very good newsletter”  –Leon B  2/18/10

“You have a great newsletter”  –Ken C  3/17/10

“As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly.” –Jordan Roy-Byrne, CMT (www.thedailygold.com), 4/9/10

Gary, Thanks for your updates: greatly appreciated!  Since I follow you and Otto Rock, I try to combine fundamentals with technical buy and sell signals.  Therefore, any educational contributions along your lines of work I try to understand and perhaps also use. So, keep it up, please!”  –Jurgen W  4/26/10

“Once again, please let me say something here.  You have Disciplined yourself in a way that so few can control, and then you communicate that and you do it with such feeling.  Thats what I was trying to say.  Great Job!    Now get back to work.”  –Robert E  4/30/10

“These short updates/alerts are often worth their weight in gold.  Or at least the subscription fee. :>)  Thank you.”  Michael T  5/19/10

“Gary, I greatly appreciate your response and continue learning with/from you.  Thank you very much!”  –Jurgen W  5/19/10

“Gary, New England sounds just like Scotland.  Keep up the good work.  I was glad to find that you were a fan of Bob Hoye.”  –James M  5/30/10

“Hope you are well.  I enjoy reading your copy and insights.”  –Fitzroy McLean / withoutboarders.com  5/31/10

“Thanks Gary, you are great for answering my questions.  Have a great weekend.”  –Gail K  6/4/10

“gary you really spoil your followers i really enjoy your newsletter”  –Leon B  6/20/10

“Time flies… it’s been a bumpy year, but certainly smoother with your thoughts arriving in my inbox on Sundays.”  –Michael H  6/21/10

“Thank you Gary.  I love the way you are able to reply to your subscriber’s questions.”  –Dan Q  6/21/10

“Gary, I just wanted to thank you for these updates. I’m trying to make decisions on my allocations and it helps a lot to have your extra notes during the week.

You’re the best money I spend on stock commentary:)”  –Monica D  6/30/10

“I really do appreciate your insights.”  –Will M  7/1/10

“Thanks for your continuing excellent blog and newsletter.  I’m getting a superior education in the macro markets compared to anything else I’ve been able to find anywhere.  No bitches about the riddles here – they make me think and research for myself,  which is exactly what I need to do…”  –Mark F  7/1/10

“[Your] TA view is well executed from a purely technical point of view  (I thought I was good until I found you) and I have consistently admired the extreme discipline you exhibit in your newsletter. In fact I’m a bit jealous.

While I’m sure you don’t see yourself as “extremely” disciplined, take it from a person who studies human psychology closely, including examining myself and my weaknesses. You have remarkable discipline, which ironically can make your newsletter somewhat plain vanilla at times.  I LOVE your plain vanilla BTW. :>)”  –Michael T  7/21/10

“Can I refer to you as “G-Money”…because your updates are money.”  –Jordan Roy-Byrne  7/27/10 (The Daily Gold)

“By the way, as President of a boutique broker in Vancouver (we work with Laramide, Strathmore and some of your other picks), I have to say your work is great.  –David T

“Keep doing what you’re doing and we’ll all be better for it.”  –Garry C 8/22/10

“As Always, thanks for providing an excellent service, and keep up the good work!”  –Ray V  8/24/10

“Hi Gary, thanks for your prompt response and thanks for providing the NFTRH98 to finally convince me. It was great reading. I’m not quite ready yet but think I will subscribe soon.”  –Peter 8/25/10

“Was just reflecting today on how much better educated and prepared I am today, thanks to NRTRH, than I was two years ago when I got crushed by holding gold stocks nearly all the way down. I only survived with my account intact because I discovered your blog in Sept ‘08, had some cash in reserve, and began buying like a maniac, per your insights, at HUI 150+. Reading your work over the past two years has given me a crash course in risk management and today I am a completely different kind of investor. I shudder to think what would have happened if I hadn’t stumbled on your blog. There’s no doubt I would have been gold bug roadkill.”  –Stephen M  8/31/10

“Please don’t change your “one of a kind” style bro.  That’s why we come here.”  –Michael C  8/31/10

“Gary, I’m really liking and appreciating that you are giving us your comments and observations about individual stocks– the technicals, why you like them and at what price levels. I also appreciate you are telling us which stocks are core portfolio holdings. So I just wanted to thank you for that; it’s been really helpful.” –Sid A  9/10/10

“Gary, I am a long-time blog reader who just recently subscribed to NFTRH and opened an account with Tradeking. I wish this is something that I’d been able to do back when you started the letter but I first had to get my “house in order” as well as educate myself in the technical and psychological aspects of the investment world. I feel that I’m now ready for taking a more hands-on role in my investing and am confident that your insight and hard work at NFTRH will help guide the way.

Recent market action has me somewhat concerned that I may have missed the boat before the “second leg up” but, at the same time, I also know that those with patience are usually rewarded with opportunity.

Finally, I’d like to thank you for your thoughts over the years at the blog. You’re a genuine voice which long ago moved me — and I’m sure numerous other readers– to action in so many ways that the value of your words has been immeasurable.”  –Tom A  9/16/10

Gary, First of all, thank you for your newsletter. It’s the best money I’ve ever spent on a “financial” letter. Your macro views and insights are as valuable as your stock analyses.”  –Ken B  9/26/10

“Gary, Thanks for your TA input on Troy.  I’ve carried a large position & began selling last week $3.20. Looks like I’ll get $3.40 on Wed.  What a timely move by the Austr. $.  Has added about .40 to the Cdn. price.

Anyway thanks for your help re call of $3.10 to $3.50. Very much appreciated.”  –Joe C  10/5/10

“Hi Gary, After I read Sunday’s NFRTH, I had a couple of things that came up in my mind that I wanted to tell you. First, thank you for helping investors like me. I have money to manage but I just don’t have a knack for technical analysis. You provide a great service to your subscriber because you do have a knack and you also answer emails, [are] open to good suggestions (GDX and GDXJ), and you welcome and ask for subscribers’ feedback. Most of all – your writing has improved tremendously! I believe I have been a subscriber since late 2008 and your writing has become much more clear and articulate.

I know you have mentioned Richard Russell in the past and his impressive subscriber base. I am one of his subscribers. You know what I like about him? He is an excellent writer. He is so good that I enjoy reading his letters even though sometimes he rambles on and on non-Dow Theory matters. And you Gary – you have improved tremendously so I want to commend you! With your ability with technical analysis and communicating clearly to your subscribers – Wow!

The most important thing is- I have made money thanks to you!! J Gosh URG has been running! Thanks Gary! By the way, what I like about GDXJ because it is easy to buy and sell. The junior minors are thinly traded.

Thanks for your time and effort.”  –Lyling H  11/5/10

“Hi Gary,  Are you taking any profits today on any stock in particular? I don’t want to overstay my welcome just because of the wowser jump yesterday. It seems a lot of stuff is getting overbought. I canceled my subscription to XXXXXXXX XXXXXXX today. XXXXXXXX has been warning of a big correction in gold and gold stocks for so long now, he’ll eventually be right, but his forecasting has been wretched so far, and his website actually offers so much information it would take me hours each day to digest it all. You keep it simple.”  –Mark F  11/5/10

“Gary
During the past year I’ve made some serious coin.  I’m blaming you for a large portion thereof. Seriously, thanks very much for the excellence of your weekly letter.  I also have to mention what a great 1-2 punch when combined with Otto’s contributions.”  –Joe C  11/19/10

“I’m only subbed to Xxxxx Xxxx’s newsletter for another week or so… frankly, I find you and Otto Rock to be a much better value for the money.”  –John M  11/28/10