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.