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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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jturmelOutback
Jun 18, 2020 - 7:02pm

all (good) things must come to an end

not sure outback, but Jim Stafford thinks...

Jim Stafford - Wildwood weed

(All good things must come to an end and it's the same with the wildwood weed)

connie
Jun 18, 2020 - 6:39pm

Burning Looting Mayhem (BLM)

🚨BREAKING: Chaz Tourism Video pic.twitter.com/P3b7Z0RFjc

— Benny (@bennyjohnson) June 17, 2020
eastofwest
Jun 18, 2020 - 6:00pm

Big Ranges ...

Come after Small Ranges ...

Outback
Jun 18, 2020 - 5:43pm

Here’s My Take

Goldman knows how to FUCK the MINERS for profit and they are doing a REALLY good job.

LIKE I ALWAYS SAY. "THIS WILL NEVER END"

outback

Jun 18, 2020 - 4:53pm

just like yesterday

A $2 range for five hours that sucks the life out of the "market".

RickshawETF
Jun 18, 2020 - 4:43pm

here's what I think is happening

The gradual erosion you are seeing is what sometimes occurs mid-cycle. There is no reason for traders to buy the shares at present...thinking "well I'll wait until it gets closer to earnings season...in the meantime, I'll buy Tesla". This leaves more sellers than buyers as people slowly book profits before planning to reenter the trade in July.

RickshawETF
Jun 18, 2020 - 4:11pm

Thurd!

Gee, another "bad day" for the miners.

I guess gold and silver are tanking? Massive new gold and/or silver discoveries? Central banks ceasing their "infinity" printing? V-shaped recovery well under way? Pandemic over? Unemployment solved?

Blankone
Jun 18, 2020 - 3:27pm

Silver

Silver, speaking of which I just saw Provident had ASE `s at $22.55, only 5.17 premium. the lowest Ive seen in a long time...

AgAuMan
Jun 18, 2020 - 3:13pm

gold

gold

Jun 18, 2020 - 3:08pm

one more thing

In this discussion between Andy and Chris, please be sure to FF to the 14:00 mark and listen from there.

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