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Thursday Conversation - David Brady

50

Trader and analyst David Brady stopped by today for an interesting and informative discussion of precious metals, QE∞ and the long road ahead. This is a free thread so you should be sure to listen.

I've known David for a few years now and I'm happy to consider him a friend. He monitors the markets every day and you can follow him on Twitter through the handle @GlobalProTrader.

For this call, David and I primarily focused upon three core topics:

  • How does David view the macro picture? Is QE truly to infinity and is stagflation coming?
  • What impact will "Yield Curve Control" have on the precious metals?
  • Is there value in trading while diligently maintaining a long metals exposure?

You may note a few bits of editing in the audio as I had some unusual recording issues on my end today. Hopefully it doesn't distract you from what should be a very valuable use of your time.

TF

  50 Comments

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silverseekerRickshawETF
Jun 18, 2020 - 9:47pm

Rough Rice taking a rough ride this month

We’ve joked about Rough Rice recently; as it went parabolic... always a bad thing on a futures ‘exchange’. Its now collapsed almost 50% in the last few weeks, lock limit gaps down... and I can’t find any news as to why, so I will guess the poor farmers are delivering as we speak?

Let’s be glad Turd didn’t jump on the bandwagon and rename the site to The Rough Rice Report.

happycamper515SteveW
Jun 18, 2020 - 9:42pm

As far as the metals are

As far as the metals are concerned covid-19 is not black swanish enough to sink the cartel. If it was gold would be well above $2000 by now. Wasn't gold above $1700 before the SM starting cracking in late Feb? If so PMs haven't benefited from covid-19 one bit. I know the miners are worse off today than they were before the SM cracked when America shut down.

SteveWrobobrewer
Jun 18, 2020 - 9:34pm

Black Swan

Maybe you didn't notice the news about a black swan, it's called covid-19.

AGXIIKscoremore
Jun 18, 2020 - 9:26pm

Waaaahl Scoremore. Every week? Mmmmmm

Maybe not but I knew you'd like the 1990. Cheers

scoremore
Jun 18, 2020 - 8:53pm

Uncle AGXIIK...

1990 ASE Out-freaking-standing!

Thank you very much!

Can we do this every week?

Edit: In capsule no less. Nice tone to it too!

robobrewerStevediva
Jun 18, 2020 - 8:53pm

RE: Algos

I've pretty much resigned myself to the fact that metals are going nowhere until some kind of black swan or other major disruptive event occurs.

I think the cartel has clamped down with their last line of defense and fundamentals are irrelevant until something too big for them to resist happens.

november4
Jun 18, 2020 - 8:41pm

Brady

Thanks, Turd, for the Brady interview. He offers the clearest, most cogent, and logical analysis of the PM situation that I have ever encountered in one of your interviews (or any other, for that matter). Worth the price of subscription and much more. I've been depressed lately, like many others here, by the failure of PM prices to accommodate themselves to the realities of FED action. Brady gives us clear reasons to look forward and stay the course.

StevedivaTF
Jun 18, 2020 - 8:38pm

looks like algos have pinned

looks like algos have pinned it in this channel.

1750 is the new 1350

brolgaboy
Jun 18, 2020 - 7:42pm

No thanks

Brady is known for his pomposity on Twitter and blocks people that don’t agree with his point of view. Hard pass
AGXIIKBlankone
Jun 18, 2020 - 7:15pm

Blankone The Provident premium is pretty darn good

I'm doing a trade of AGE for ASE at spot plus $5.50 for my SD IRA. It's easier to do it local with AGE but the difference is around 33 cents lower with Provident. If gold and silver drop in price the GTSR still creates a good trade. Price are moot since this is a trade and prices are relative. A buy price at $5.17 over is reasonable too

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