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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-immig...

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:

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

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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

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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