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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

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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.

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!

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!

Oct 18, 2018 - 3:40pm

Into the close

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

Oct 18, 2018 - 3:36pm

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