Since 2007, The Arora Report remains #1 investment  newsletter of its kind. Our  unique ZYX Change Method and adaptive ZYX  Global Multi Asset Allocation model  combine to give investors, who are The Arora Report subscribers, a big edge in the markets.

We have  happy subscribers across the globe.  The Arora Report subscribers include private individual investors, investment advisors, money managers, stock brokers and institutions. Here is a sampling of The Arora Report subscriber reviews, enjoy!

Nigam Arora is truly a master of the markets. The Arora Report picks are fantastic, and their market timing is truly unparalleled. Other world famous market timers do not even come close to anticipating events the way Nigam Arora does.   In all, I am an extremely satisfied subscriber.  If I could only have one investment newsletter service, it would be The Arora Report investment newsletter advisory .

Charlie W.



The Arora Report is hands-down the best market advisory  investment newsletter service that I have ever seen.  The Arora Report is very transparent and research driven.  All calls are based on hard data and experience, not on emotion and hope.  Through Arora recommendations, I have learned more about the markets and how best to approach them than my previous 10 years as an investment advisor.  Nigam and his team embody what it means to be “smart money” and have the right mix of confidence and humility to succeed.  

Navin V.

New Jersey

I am an active experienced institutional trader.  I am a long-time subscriber to The Arora Report  investment newsletter and love your service.  You have made many extremely good calls.

Katrina L.


I have been an investor for 40 years and have subscribed to many investment newsletters and  used many money managers. The support given me  by  The Arora Report has been awesome!  Arora investment newsletter takes a lot of fear out of investing.  The Arora Report made me 33% annualized in the first quarter and 28% annualized  in the first half .   I am up 62.53% for the year.

Bill S.



I am impressed.  After experimenting with various other techniques, I have found The Arora Report to have an uncanny degree of accuracy balancing risk and gain.  All-in-all, the approach is quite scientific and rigorous.  The Morning Capsules  in this investment newsletter service are no-nonsense, written in easy to read language  without any perceivable agenda.   I have learned so much.

Gordon E.



Most of the trades I have initiated based on The Arora Report have turned out to be real money makers.  In most cases, your predictions are correct. I am quite happy with your service.  So a big THANK YOU for that.

Wolfgang M.

South Africa

I am very cautious about what other sites and services suggest but I am very confident with The Arora Report analysis and punctual follow-up.  I have been investing for at least 20 years based on technical analysis and was missing the broader analysis like I get now from The Arora Report.

Spiro M.


The Arora Report has made me a lot of money over  the last 27 months and that is certainly appreciated.

Ruede W.


There is an enormous amount of fantastic information that is disseminated on a daily basis by The Arora Report.  The most important benefit I have derived is to have sold my enormous gold, silver and miner positions before the big fall based on the calls in The Arora Report.

Harvey S.


I have been with two top services like yourself.  They do not hold a candle to your service.  The Arora Report  investment newsletter is by far the best and I am making money.  I abide by your rules, spread the risk and take profits  appropriately with your help.

Doug H..


When I want to know what is actually happening in any market, I go to The Arora Report — whether it is for gold, silver, oil, technology stocks, foreign markets or the broad market.  Nigam provides great macro analysis that no one else  can match.  He is a unique teacher and commentator, though he does not try to be, which shows you who he is.  I value the Morning Capsules which go 2 layers below the obvious.  The Arora Report is timely, dependable, actionable and succinct.  My overall rating for Nigam Arora and his team is A+++.

Lars M.

New York


My total gain on the closed and open trades is excellent.  I am very satisfied with The Arora Report investment advisory.

Noam L.




Here is the apparent government mandated disclosure: Reviews and testimonials may not be representative of the experience of others and they are not a guarantee of  the future success or performance. These may have been edited for grammar or clarity.


Nigam Arora is known for his prescient calls from which subscribers to The Arora Report have handsomely benefited. Over the years, Nigam has made thousands of accurate calls on macro, individual stocks, individual ETFs, commodities including precious metals and crude oil, and currencies.

Here are some of his major macro calls. 

  • Calls to go to 100% cash prior to the 2008 stock market crash for long-only investors prior to the stock market losing 50% of its value
  • Calls to go to 100% short prior to the 2008 crash for investors who were able to short
  • In the early stages of the decline prior to the 2008 crash when the stock market lost  half of its value,  calls to go heavily in inverse  ETFs that go up when the market goes down
  • In the 2008 crash when most investors lost half of the value of their portfolios, subscribers to The Arora Report made money by the boatload
  •  Call to take profits on inverse ETFs in February 2009, just before the market bottom
  •  Calls to   take profits on all short positions in February 2009, just before the market bottom
  • Calls  to  aggressively buy stocks long in February and March of  2009 right at the market bottom
  • Aggressive hedging and profit-taking before the market downturn in 2011 made 2011 a profitable year for The Arora Report subscribers, a year in which most investors lost money
  • Correctly stayed bullish, at times with protective hedges and other measures, during the long bull market  that started in 2009
  • Calls for  aggressive hedging and other protective measures in late 2015 before the market downturn of early 2016; aggressively bought the dip before the big rebound
  • When Dow Jones Industrial Average was in the 16,000 range, called for Dow Jones to reach 30,000; at that time no one was calling for such a big rise in the stock market
  • In 2016, did not buy into Wall Street’s caution about financial stocks and held on to  significant financial positions going into the election; financials performed the best after the election
  • In 2016, correctly called Trump election at a time when Wall Street had anointed Hillary Clinton as the President
  • On the day of the Trump election, when many were talking about a stock market crash, correctly called for a big market rally and subsequently repeated the earlier call for Dow Jones Industrial Average to reach 30,000 in Trump’s first term; the call has proven spot on
  • From 2017 to the third quarter of 2018, stayed bullish throughout the  market rise with  prudent protective measures
  • In the fourth quarter of 2018, took protective measures before the 20% fall in the market on taper tantrum
  • Gave a new buy signal on Christmas Eve 2018 which turned out to be the low of the cycle and subsequently stock market rose over 20%
  • In 2019, stayed bullish on the stock market with prudent protective measures
  • In January 2020 when nobody was talking about the virus impact on the stock market and the stock market was making new highs, called for a severe stock market drop before the big virus-related drop in the stock market in late February and March
  • In 2020, before the big virus drop in the stock market, protected up to 86% of the
  • Calls to back up the truck and buy gold in $600s with an average of $663 before a run to $1904
  • Calls to allocate 20% (maximum allowed under diversification rules) to silver in $16-18 range with an average of $17.73 before a run to $50
  • Call to sell all of the silver at $48.50 close to the top at  just over $50
  • Call to short sell silver over $50 and hold the short position all the way down to the $14 range.
  • Call to sell half of the gold at the exact top at $1904 and put a stop on the remaining at $1750, subsequently gold fell to the $1000 range.
  • Correctly stayed bearish on gold and silver since 2011 top to  early 2016 with numerous calls to trade mostly from the short side  and a handful of  correct calls to take long positions to profit from countertrend rallies
  • In 2016, on Trump election night when gold was shooting up, gave a strong sell signal right at the top before over $200 drop-in gold
  • From 2017 to 2022 made numerous correct calls on gold and silver
  • Bullish calls to buy crude oil long in 2007 in the range of $65-73 with an average of $68.71 before a run to the range of $140  in 2008
  • Call to sell all of the crude oil position in 2008 at $138.87 in 2008 right near the top in $140 range
  • Bearish calls to sell crude oil short in 2008  in the range of $121-133 with an average of 127.34 before a fall to the $40 range
  • Call to take profits on all of the crude oil short position  in 2009 at $41.86 right near the bottom
  • Bullish calls to buy crude oil long in 2009 in the range of $43-49 with an average of $47.18 before a run to the range of $108 in 2011
  • Call to take profits on all of the crude oil long position at $103.43  in 2011
  • Bearish calls to sell short crude oil in the range of $108 in 2014 right near the top
  • Correctly stayed bearish on oil in 2014 to early 2016 as oil dropped to the $27 range
  • Made  64% profits over a few months by buying oil MLP closed-end funds  with about 12% dividends at the bottom in oil
  • Correctly turned first neutral in low $30’s and then bullish on oil in 2016 before a run to $50s
  • From 2017 to 2022 made several correct calls on oil
  • During the European sovereign debt crisis when many gurus were calling for the failure of the euro, made the correct bold call  that the euro will survive as a currency and European Union would not break up
  • Made several specific  investment calls stemming from the foregoing  macro call that have generated large profits
  • In 2016, The Arora Report was one of the rare  advisory services that were right on Brexit and stock market reaction
  • Made a spot call to buy Europe in 2016
  • In 2017, correctly stayed bullish on Europe during the stock  bull market
  • From 2018 to 2022, made  several  correct  calls on Europe including not broadly investing in Europe prior to the Russian invasion of Ukraine
  • When China GDP was growing at about 12% and everyone with rare exceptions was bullish on China, made a bold bearish call that China’s super-cycle was over; by 2019 China’s true GDP growth fell to about 6%
  • Made several specific  investment calls stemming from the foregoing  macro call that  have generated large profits
  • Made several successful calls related to the U.S. and China trade war