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TFMR Podcast - Thursday, June 27 - A conversation with David Brady of Global Pro Traders

46

In the final installment of our series, we speak with David Brady, co-founder of Global Pro Traders. This podcast is designed to help you sharpen your trading skills for the months ahead.

You can follow David through his work at Sprott Money, on Twitter @globalprotrader or through his terrific website https://globalprotraders.com

For this discussion, I asked David to focus on three, primary questions:

  1. What factors confirm that Comex gold has broken out and is in a new bull market?
  2. When trading within a bull market, what are the most important trading signals?
  3. Besides the precious metals, what other markets interest you for the remainder of the year and into 2020?

Thanks again to David for his willingness to spend some time with me today. I'm confident that you'll benefit from having listened to this podcast.

TF

  46 Comments

Orange
Jun 27, 2019 - 3:12pm

Oh what a day

They are still under control.

Edit, now need to listen and hopefully realize I am wrong and the S$$T is about to hit the fan.

NUGTCALL
Jun 27, 2019 - 4:57pm

Turd

In my humble opinion, the best of the 3. Thanks

Harley
Jun 27, 2019 - 5:00pm

3rd

I'll keep stacking!

kaiserwongze
Jun 27, 2019 - 5:42pm

CME Increased margins

CME increased margins on COMEX gold, silver and copper.

But just barely though, just one increment, not even 10%.

Back in the crazy times of 2011 gold was about $8000 I believe, and silver $15000.

Gold – $3700 to $4000

Silver – $3300 to $3600

Copper – $2400 to $2700.

These are pretty low margins, especially for silver, which usually should be higher than gold. It’s just another factor that says silver will be outperforming gold, at least in volatility, in the near future.

MoonShiv
Jun 27, 2019 - 6:10pm

Is it only me or is it the website?

On the Globalprotraders.com website, there is no link/page to register. There is a link to login but can't login without first registering. Anyone else see this?

May be Turd can ask Mr. Brady about this?

cashonly
Jun 27, 2019 - 6:20pm
Ronnie 666
Jun 27, 2019 - 6:43pm

Great talk

Thank you

McFly
Jun 27, 2019 - 6:59pm

Back after 4 years

Hard to believe it's been 4 years since I've been on here. Took a break, since I had to focus on something other than precious metals for the good of my mental health! (I did keep stacking throughout, however.) Lots of changes on the site in the past 4 years, but a lot of good things stayed the same. Looking forward to interacting with like-minded folks. (Hey, what happened to the "hat tips"?)

DeaconBenjamin
Jun 27, 2019 - 7:26pm

Europol: Terrorism threat level in EU remains high

Thirteen people died as a result of terrorist attacks in the EU in 2018. All the attacks were jihadist in nature and committed by individuals acting alone, targeting civilians and symbols of authority, Europol’s 2019 EU Terrorism Situation and Trend Report, released on June 27, said.

Often, the motivation of the perpetrator and the links to other radicalised individuals or terrorist groups remained unclear. Mental health issues contributed to the complexity of the phenomenon. Completed jihadist attacks were carried out using firearms and unsophisticated, readily available weapons (for example, knives), the report said.

In addition to the completed attacks, EU member states reported 16 foiled jihadist terrorist plots in 2018, illustrating the effectiveness of counter-terrorism efforts.

“The significant number of thwarted attacks and the so-called Islamic State’s continued intent to perpetrate attacks outside conflict zones indicate that the threat level across the EU remains high,” Europol said.

Three disrupted terrorist plots in the EU in 2018 included the attempted production and use of explosives and chemical or biological materials. There was also an increase in the use of pyrotechnic mixtures to produce explosive devices in jihadist plots. A general increase of CBRN terrorist propaganda, tutorials and threats was observed and the barrier for gaining knowledge on the use of CBRN weapons has decreased. Closed forums proposed possible modi operandi, shared instructions to produce and disperse various agents and identify high-profile targets.

In total, EU member states reported 129 foiled, failed and completed terrorist attacks in 2018. The total number of attacks decreased after a sharp spike in 2017 (205), primarily because of the decrease in the reported ethno-nationalist and separatist-related incidents. Still, ethno-nationalist and separatist terrorist attacks continue to greatly outnumber other types of terrorist attacks (83 out of 129).

In total 1056 individuals were arrested in the EU in 2018 on suspicion of terrorism-related offences (2017: 1 219). One fifth of them were women. The number of arrests linked to right-wing terrorism remained relatively low (44 in 2018) and was limited to a small number of countries but increased for the third time in a row, effectively doubling for the second year in a row (2016: 12, 2017: 20). Right-wing extremists prey on fears of perceived attempts to Islamicise society and loss of national identity. The violent right-wing extremist scene is very heterogeneous across EU member states.

The number of European foreign terrorist fighters travelling, or attempting to travel to conflict zones was very low in 2018. The focus of jihadist networks has shifted towards carrying out activities inside the EU. The number of individuals returning to the EU also remained very low.

Hundreds of European citizens – including women and minors, mainly of very young age- remain in detention in the Iraqi and Syrian conflict zone. All men and some women are believed to have received weapons training, with men also acquiring combat experience. While minors are essentially victims, there are concerns among EU member states that they may have been exposed to indoctrination and training in former IS territories and may pose a potential future threat.

There is continued concern that individuals with a criminal background, including those currently imprisoned, are vulnerable to indoctrination and might engage in terrorist activities, Europol said.

Despite the shrinking of its physical footprint, IS succeeded in maintaining an online presence largely thanks to unofficial supporter networks and pro-IS media outlets. Pro-IS and pro-al-Qaeda channels promoted the use of alternative platforms and open source technologies.

While IS online propaganda remained technologically advanced, and hackers appeared to be knowledgeable in encrypted communication tools, the groups’ cyber-attack capabilities and techniques were rudimentary. In addition, no other terrorist group with a demonstrated capacity to carry out effective cyber-attacks emerged in 2018.

EU member states assess that the diminishing territorial control of IS is likely to be replaced by increased al-Qaeda efforts to reclaim power and influence in some areas. Al-Qaeda affiliates exploited political grievances on the local and international level, including in messages directed at European audiences, Europol said.

(Photo, of a police cordon after a May 2018 terrorist knife attack in Paris: Eric Shalov)

https://sofiaglobe.com/2019/06/27/europol-terrorism-threat-level-in-eu-r...

DeaconBenjamin
Jun 27, 2019 - 7:29pm

Turkish Stream in Bulgaria before 2020

By Nefeli Tzanetakou/ Published on: 27/06/2019

Bulgaria will have completed the construction of the part of the Turkish Stream gas pipeline that is on its territory, before the end of 2020.

This is the part of the pipeline that will connect Bulgaria with Serbia, otherwise known as, as noted by President of the country’s Parliament, Tsveta Karayancheva, the Balkan Stream.

“By observing and respecting European directives, we are starting to build the extension of part of the Turkish Stream. We do not forget our obligations and our commitments to our citizens. On the basis of this development, we have made changes regarding our country’s energy strategy. Before the end of 2020, with full compliance with European directives, the construction of the extension of the Turkish Stream, the so-called Balkan Stream, which will ensure the supply of gas to other European countries, will be completed,” said the spokesman for the Russian parliament.

It is recalled that Bulgaria would have been the first “station” of the gas pipeline “South Stream”, a project that failed because of its non-compliance with European legislation.

This was also pointed out by the President of the Bulgarian Parliament, Tsveta Karayancheva, stating that “we were forced to stop the works for the implementation of the project, as violations of the provisions under the Third Energy Package of the EU were noted.”

It is noted that the Turkish Stream pipeline is expected to supply with natural gas Turkey and the countries of South-east Europe through two different routes.

https://balkaneu.com/turkish-stream-in-bulgaria-before-2020/

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

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Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

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

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