Thursday Conversation - Alasdair Macleod


We kick off our new weekly series with an old friend, Alasdair Macleod of GoldMoney. Be sure to give this a listen.

Ove the course of this discussion, Alasdair and I discuss:

  • the deepening trade war between the US and China
  • the link of a rising dollar with higher US interest rates
  • the long-term impacts if a global bond market selloff
  • the gradual move away from a strictly dollar-reserve system

I think you'll enjoy this new, weekly format. And thanks to Alasdair for his time and support. He was A2A guest #1 back in 2013 so it was a treat to have him be guest #1 for this series, too.



Oct 4, 2018 - 9:02pm

A home price data point

on the street where I live. Many of the houses in my neighborhood have been being upgraded and placed on the market. It is a fifty year old pleasant, stable neighborhood where most of the long term residents are either dying or moving into retirement homes, etc. On my block there are currently three homes that have undergone such an upgrade and are on the market at what seems to me to be very high prices. One has now been leased out because the owner could not find a buyer. This house has had two sales contracts on it in the past six months which did not go through for reasons I don't know. The other two houses now have "For Sale or Lease" signs instead of "For Sale" signs. It seems to me that it is going to get worse rather than better. I don't know what kind of interim or short financing they have on these properties but I suspect they might be hurting. The rising rates have to be making a bad situation worse for them.

I'm just going to Keep Stacking and GO ASTROS!!

Oct 4, 2018 - 9:24pm

Alasdair said (29:30)

The US economy is going like a train. The European economy is going like a train, Japan seems to be doing well, and China has something going.....

Isn't that what the Central Bankers have been telling us for quite sometime?

Btw...I respect Alasdair a lot.

Oct 4, 2018 - 9:37pm

That's funny...

From ZH: A quick side note on the ISM non-mfg survey: as we discussed earlier, if payrolls follow the employment component, tomorrow's jobs number should print in the 500,000 range, the highest since 1983. If that happens, look for 10Y yields to shoot into low earth orbit.

Oct 4, 2018 - 11:03pm
Oct 4, 2018 - 11:21pm


They want their guy confirmed no matter what it costs.

Oct 4, 2018 - 11:44pm

If we ...

think things are going to improve in Washington DC, if we believe that an earthly man can cover our sins, if we hope the schools will return to the 3 R's, if we believe the stock brokers look out for our interests, if we take the chemo/radiation for our sickness, if we believe the radical left will wake up and consider the citizens, if we hope for the removal of snowflakes from our high schools and colleges, if we trust the SCOTUS to make decisions for the good of the nation, if we look for Hollywood and Disney to offer wholesome films for the family, without the demonic and perverts, if we look for the inner cities to lay down their weapons and love their neighbors, if we believe the millions of homeless will seek employment and learn to throw trash into garbage cans, if we hope that the drug companies will only sell safe drugs, if we believe that the perverted parades will disband, if we believe that Jesse and Al will wake up and help the black community without compensation, if we believe that Damascus will become a city of peace and be rebuilt, if we believe that Israel will settle its conflicts with a peace treaty, and if we believe that gold/silver and bitcoin will blast to the moon and soon, then we have become dreamers and better make sure our homes and lives are not visited by a thief of all mankind. jmo Jim

Oct 4, 2018 - 11:47pm

Look at you canary...

hyper linking or whatever that's called... how'd you do that?

Now if true... does G/S go down tomorrow to the earth's core or to China come Monday?

I've spent four lonely days in a brown LA haze

And I just want you back by my side.

Edit: Couldn't help myself.

AKA AuAgforever AIJ
Oct 5, 2018 - 1:28am

McHugh today.....nervous time for the sheep.....

"Today's Market Comments:

Big down day Thursday, October 4th. Stocks may have topped on our most recent Phi mate turn date, which was scheduled for October 2nd, but looks to have actually occurred a day later on October 3rd. Stocks plunged Thursday, then recovered a portion of the decline later in the day, but ended down. The reason financial news networks gave for the decline was that long-term interest rates rose, and further they spun the rise in interest rates as a good event, an indication of a robust economy. Nonsense. The Fed's Quantitative tightening policy of selling $80 billion of securities every month, a large chunk long term, has flooded the market with supply, causing bond prices to drop and required rates of return to rise. This economy is not rip roaring, the stock market is topping, and a major bear market and decline is at high risk of beginning soon, with a recession to follow.

There are 19 Hindenburg Omen observations on the clock, an extraordinary quantity associated with an official H.O. potential stock market crash signal. At best, this indicator is telling us the stock market is in a fragile condition. At worst, a plunge is coming. Bearish divergences are all over the place as shown in last weekend's report.

Techs really took it on the chin Thursday, and all our key indicators for the NASDAQ 100 generated New Sell signals Thursday. Our Blue Chip Purchasing Power Indicator and Demand Power / Supply Pressure Indicator generated new Sell signals Thursday. Small caps got hit hard. New NYSE 52 Week Lows skyrocketed to 426. Over 70 is considered to be high. The stock market currently sits at its greatest risk of a crash since September 2008. This does not mean a crash is certain, but many of the conditions that typically precede crashes are in place right now."

Oct 5, 2018 - 1:48am


Come Monday, gold's not headin' to San Francisco for a weekend show....goes to Shanghai , instead.

Come Monday, it'll be all right.

We can go hikin on Tuesday...

Oct 5, 2018 - 7:24am

Q Posts Late Yesterday (Get Ready For the Fireworks)

Are you ready to see arrests?

Are you ready to see PAIN?

Are you ready to be part of history?






My own Q journey started around November or December 2017. I was curious after reading and watching You Tube videos from Q Anon researchers/detectives across the world. Q had to convince me over and over and over that Q was connected to President Trump and military intelligence. Finally around this summer after close to a 100 CONFIRMATIONS I was 100% convinced that Q was for REAL!!! Their plan has been long, detailed, and cleverly constructed to trick the Deep State into making many revelations along the way. Now it seems they are spilling the beans on one another in an attempt to survive. Very shortly we will see Brett Kavanaugh confirmed to the Supreme Court and then the declassification of documents will BLOW AWAY the propaganda, lies, and crimes that have subjected us for decades. NOW IT APPEARS THAT Q SAYS TO GET READY!

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Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

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