Sponsored by

Thursday Conversation - David Brady

25

David Brady of Global Pro Traders stops by for an informative discussion on the stock market, gold and the existence of a yuan-gold "peg".

It has been a a pleasure to get to know David and his appearance today is certainly timely as the ongoing linkage between the yuan and gold seems to be breaking or, at a minimum, resetting.

Over the course of this discussion, we mainly hit upon three points:

  • the growing weakness in the global equity markets
  • the existence of the yuan-gold peg
  • the implications of this peg and the destination to which it is driving the current system

I think you will very much enjoy this podcast and I look forward to bringing David back for future updates.

TF

  25 Comments


Oct 18, 2018 - 3:36pm

Oct 18, 2018 - 3:40pm

Into the close

S&P once again battling to stay above its 200-day

TF Metals fan
Oct 18, 2018 - 4:01pm

First on the final podcast of the old site!!!

And good luck to Ron! May the change to the new world be swift and the result beautiful!

TF
Oct 18, 2018 - 4:03pm

Simply amazing

The S&P futures spike EIGHT POINTS in the final two minutes and ensure a cash close of 2769...one full point above the 200-day!

mavens
Oct 18, 2018 - 4:21pm

LOL @ "Simply Amazing"

I'm sure you are not really amazed.... right?

I never really understood HOW these equity markets could possibly be so manipulated (it isn't that I didn't believe that they WERE being manipulated, I just couldn't wrap my head around HOW... IE: With WHAT exactly...), due to the shear mountains of cash that it would take to pile into them to prop them up. But then I saw your comment, Craig, a few days ago regarding how you believe that the PPT just gooses the algo inputs, and the machines do the rest. Now it makes more sense... Goose the inputs, and you don't need the mountains and mountains of cash that it would take to move these indices... There are already mountains and mountains and mountains of PASSIVELY invested cash sitting out there, sitting at the ready, waiting for the trigger to be pulled on it when needed. Any "managed fund" of any kind, where the all too common "lazy investor" lets someone else make decisions with their investments, is available for use. This will go on and on and on and on until these people yank their shit out of there en masse. Otherwise, it's going to remain "the House playing with the Gamblers money" to keep these markets propped up.

There is going to have to be a tipping point of some kind that will catalyze a migration out of "passively managed" investments. Probably way prior to that tipping point being reached, your average lazy investor will already be fucked. Some will get lucky AF and get out at the right time, but most will be destroyed hard. All the big boys, all the people in the know, all of the corrupt and dirty wall street schmucks will have exited long ago (hell, they might already all be out of the game and we're just waiting for the sheep to stampede at this point). Once this equity bubble breaks, and everything else after that, it's going to be FUGLY. Yikes.

scoremore
Oct 18, 2018 - 4:46pm

Guest...

The Guest blocked me for this lone response to that pic which eventually ended up being exposed as totally concealing protesters around a kid and not a kid locked up in a cage:

I think the above comment was pretty tame...right?

I had responded to Mr. Brady making a comment before we all learned that my instinct was indeed 100% correct:

https://www.zerohedge.com/news/2018-06-20/truth-behind-viral-photo-immigrant-child-crying-inside-cage

It really upset me...It was a lone comment...not a history...and I enjoyed following him.

He put a political comment out there and I replied with an opinion to it and he up and blocked me.

AgstAger
Oct 18, 2018 - 4:49pm

Simultaneously cool and spooky...

My son is actually in this class and experienced the lessons taught by the robot.

https://www.axios.com/robot-ai-teaching-college-course-at-west-point-98c...

fluxplus
Oct 18, 2018 - 4:53pm

Re: Guest...

He is a master blocker. Even though he has a huge number of twitter followers I suspect his blocked number is higher than followers. Smart dude but will not consider even slight disagreement.

onesong
Oct 18, 2018 - 5:30pm

Don't you just love miners...

HUI: Closing price...

Monday 155.88

Tuesday 155.32

Wednesday 155.23

Thursday 155.48

Friday 155.?

Noteriety
Oct 18, 2018 - 5:46pm

What is wrong with this Screengrab?

I took a screen shot while watching the latest Mannarino:

mike97
Oct 18, 2018 - 5:58pm

Craig - Can you ask Eric about Garibaldi tomorrow AM?

Garabaldi (GGI on the TSX Venture) had a nice 38% move up this afternoon after announcing a new discovery with the same grade as the original discovery zone:

Highlights:

  • Initial shallow drilling in the Central zone has intersected visually strong nickel sulphide mineralization over significant widths to depths of 75 meters - deeper holes are planned;
  • Three massive sulphide showings (Crevasse, Gully and Cliff) have been identified in the Central zone, exposed by the retreating icefield, featuring a classic Nickel Mountain pyrrhotite-pentlandite-chalcopyrite mineral assemblage;
  • XRF analysis completed on samples from one of the showings (Crevasse) supports a grade profile consistent with the Discovery zone.
scoremore
Oct 18, 2018 - 6:01pm

Fluxplus...

Interesting.

Makes a lot more sense to me now.

scoremore
Oct 18, 2018 - 6:13pm

That's how some people treat twitter

And I certainly understand.

The anonymity often makes it impossible to distinguish a bot from a troll from someone truly interested in a conversation. The easiest thing to do is just block people and move on....which is what most popular Twitter figures do.


Oct 18, 2018 - 6:15pm

Personally, I just mute people

I've only blocked four accounts...and that was before I discovered the mute button. I probably have 40-50 people on mute. This means they can still see my posts but I don't have to read any shit that they send back my way.


Oct 18, 2018 - 6:20pm

As discussed in this podcast

imfd
Oct 18, 2018 - 6:57pm

I wonder if the new site

will coincide with the new gold market, it`d be nice to wake up to the new Turdville with gold charts showing a 4% gain. Come to think of it, did this site start around the time of the start of the 2011 decline ? Could be a good omen perhaps.

Marchas45
Oct 18, 2018 - 6:59pm

@Noteriety

Lol different locations. Is he having a conference call with himself. Lol Keep Stacking

streber
Oct 18, 2018 - 7:05pm

A couple hours of George Webb (utube) past two

days re Jamal K, but this is a good summary and only ten minutes.

(speed it up to 1.5)

Khashoggi Picked the Wrong Prince
brolgaboy
Oct 18, 2018 - 7:52pm

We are about to go offline

not to worry , metals will continue to disappoint on version 2.0

streber
Oct 18, 2018 - 8:20pm

A beautiful sight...

$25,000 of #2 yellow corn.

DOOGIE
Oct 18, 2018 - 8:36pm

For Inquiring Minds/Serengeti Resources

Fellow Turdites

I have mentioned in the past and private e mailed a few folks here about Serengeti Resources- SIR.V it is my largest holding w ANX # 2

well patience was rewarded in spades today they released some phenomenal drill results today

the stock traded close to 9 million shares and opened off a halt at 60 cents Canadian it has drifted down but this stock has plenty of room to run there are more drill results coming I am not one to recommend chasing a stock but the weak hands are out and I think with these results this is still a very good entry point just my 2 cents

there are a few articles I wrote about SIR on my website in the blog section I will try to post one later

www.kdblueskymarketing.com

AngryCitizen
Oct 18, 2018 - 8:47pm

Smart Guy

Has good argument, backed by data to show what's coming. China's strategic, we're willie-nillie.

But you have him on the physical supply side, Craig. He agreed with your point. Showdown at high noon at the corral.

What happens afterword here in this country? Could easily be an FDR reach into the private pockets to control domestic currency market. When new sight is up, it'd be good to talk about this topic.

Libero
Oct 20, 2018 - 10:16am

Sorry, but I do not like the

Sorry, but I do not like the new site. Not reader friendly at all.

AngryCitizen
Oct 20, 2018 - 12:54pm

This was a great podcast, as

This was a great podcast, as Mr. Brady seemed to have a global take on why PMs will come out of the control of our CB, and what needs to happen first. That was refreshing to hear.

Thanks for having him as a guest, Turd.

Thomas More
Oct 22, 2018 - 5:07am

I got a bit lost after the

I got a bit lost after the 20th minute when David presented his different scenarios with their implications to gold prices in USD.

Short span of attention on my part? Or no visual graphics to keep my attention focused? Or put away the tea and pay attention.

At any rate if Craig understood - maybe he could go up to the chalkboard and present the ideas for the rest of us to see - please.

Contribute

Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 3/18

3/19 10:00 ET Factory Orders (Jan)
3/20 2:00 ET FOMC Fedlines
3/20 2:30 ET CGP presser
3/21 8:30 ET Philly Fed
3/22 9:45 ET Markit PMIs
3/22 10:00 ET Existing Home Sales
3/22 10:00 ET Wholesale Inventories (Jan)

Key Economic Events Week of 3/11

3/11 8:30 ET Retail Sales (Jan)
3/11 10:00 ET Business Inventories (Dec)
3/12 8:30 ET CPI (Feb)
3/13 8:30 ET Durable Goods (Jan)
3/13 8:30 ET PPI (Feb)
3/14 8:30 ET Import Prices (Feb)
3/14 10:00 ET New Home Sales (Jan)
3/15 8:30 ET Empire State Manu Index
3/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 3/4

3/5 9:45 ET Markit and ISM services PMIs
3/5 10:00 ET New home sales (Dec)
3/6 8:30 ET Trade Balance (Dec)
3/7 8:30 ET Productivity and Unit Labor Costs
3/8 8:30 ET BLSBS
3/8 8:30 ET Housing starts (Jan)

Recent Comments

by HappyNow, 2 min 3 sec ago
by Turd Ferguson, 4 min 7 sec ago
by Dr Jerome, 11 min 36 sec ago
by -SilverIsMoney-, 1 hour 12 min ago
randomness