WallStForMainSt: David Brady, CFA: Gold's Sentiment Is In The Sewer, But Contrarians Should Love It Now?

  • Friday, 10 August 2018 23:49
Jason Burack of Wall St for Main St interviewed first time guest, CEO & Co-Founder of http://GlobalProTraders.com , CFA holder, former FX trader, former money manager (bonds, equities, commodities), and former Multinational Executive / Treasurer, David Brady. Follow David on Twitter: @GlobalProTrader https://twitter.com/GlobalProTrader David also writes interesting and well researched articles for Sprott Money's blog on different markets and precious metals: https://www.sprottmoney.com/Blog.html During this 40+ minute interview David lays out his thesis (based on his mosaic research of fundamentals, technicals, sentiment, Elliott Wave, macro analysis, etc) of why he thinks they the stock market will crash towards the end of 2018 or in early 2019. David gives an excellent 15 minute or so summary of the global macro picture and why he thinks that the US Dollar is strengthening and, in the short term, will probably continue to rally against other currencies. However, David is only short term bullish on the US Dollar. Long term, he thinks the US Dollar along with many other fiat currencies are going to be devalued perhaps in a coordinated way by central banks to deal with a global debt problem that continues to get worse. David thinks that in the short term gold and silver could go lower based on a number of factors, but as stocks and currencies (especially the US Dollar) fall gold and silver will rally very strongly. Jason suggests that if gold and silver continue lower for a few more quarters and oil prices stay at these levels or rise, then the margins for primary gold and silver miners will get worse and potentially collapse to a point where miners will have to make some very tough decisions about selling their companies, shutting down mines, etc A few days ago David wrote an article for Sprott Money how he believes gold have not bottomed yet but how it will bottom in a few months as the US vs China trade war de- escalates https://www.sprottmoney.com/Blog/no-bottom-in-gold-until-trade-war-ends.html Next, David discusses his thesis from his August 2nd article about why China is doing open market operations for the gold price in RMB terms https://www.sprottmoney.com/Blog/usd-cny-the-mirror-image-of-gold-david-brady-02082018.html To wrap up the interview, David lays out how economic and political leaders in the US have a dilemma coming in the near future about protecting 1)the US stock market, 2)the US bond market and 3)the US Dollar. According to Luke Gromen, the US can only protect 2 of those 3 and the US Dollar will probably be sacrificed with a controlled devaluation. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 40 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**

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