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David Brady, CEO and Co-Founder of Global Pro Traders, is welcomed back to discuss what capitulation will look like in this environment. He states that typically, a large increase in volume can be seen as the price is falling to a low, which can indicate that a low is in. Additionally, a gap down followed by a move upwards is another indication of capitulation. We haven't seen a meltdown in employment and payroll numbers in the past year, however, the latest numbers came in just below expectations and then gold and silver saw a surge. Brady believes that we are near the bottom, as long as support holds and the risk-reward remains dramatically skewed to the upside. Bank of America has a big short position on gold, while JP Morgan has a smaller position but is long. Everything else with the metals is looking promising. Brady suggests acting contrary to the markets, as emotions can be the death of wealth. It is important to maintain an analytical approach to markets. Brady argues that the Fed should be more concerned with deflation, instead they are considering further rate hikes. The peak in PPI was 9.2% a year ago, which has now fallen well below 3%. He believes the PPI is a much cleaner statistic than the CPI. Brady believes that gold is sniffing out that rate hikes are already priced in and perhaps we will get one more price hike. He expects bank failures are almost certain in this environment. Brady also suggests that Central Bank Digital Currencies (CBDCs) will be rolled out along with digital identification and universal basic income. He believes that this new money will be spent on existing goods and services, which will only create more problems and more inflation. In that environment, gold and silver prices will explode, while other asset bubbles burst. He believes Canadian Banks may be vulnerable, with the exception of the large too big to fail, CIBC and RBC. The housing market has been spectacular, with the lowest affordability and highest debt to personal income, creating a potential disaster. Brady suggests miners may be cheap soon relative to the metals, and if they are underperforming, it is a great buying opportunity. He also cautions that when everything is going to hell for government finances, they will do anything to keep the ship afloat, including potentially nationalizing mines and other industries. He believes that the West's implementation of CBDC systems will fail because they will still be fiat based. The BRICS version however is likely to be tied in some fashion to commodities. Brady's advice is to focus on miners in North America and wait for confirmation of the lows. He stresses not to get caught in the weeds, as the reward potential is high, and the train is leaving the station soon. Time Stamp References:0:00 - Introduction0:35 - Sentiment & Capitulation7:16 - Banks & COT Positioning8:09 - Emotion and Wealth14:53 - Exiting at the Top17:15 - Fed & Deflation20:38 - Feds Path Forward?30:03 - Banks in Canada32:52 - Mortgage Terms & Collapse35:56 - Miners Underperformance42:15 - Nationalization Risks44:05 - BRICS Meeting Thoughts51:58 - Concluding Thoughts54:40 - Wrap Up Talking Points From This Episode Act contrary to the markets in order to maintain an analytical approach and maximize reward potential. He believes Central Bank Digital Currencies will be rolled out soon, leading to the potential for higher gold and silver prices. Brady suggests focusing on miners in North America and waiting for confirmation of the lows. Guest Links:Twitter: https://twitter.com/globalprotraderSprott Money: https://www.sprottmoney.com/writersSilver Chartist: https://silverchartist.comFund Website: https://4779Capital.com David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM an...

Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders to discuss the current financial picture. He believes this is the last pull back before a big take off in gold, silver, platinum, and miners. Hedge funds are massively short bonds in particular the 10-year, and the banks are on the opposite side of that trade. History shows that banks are almost always the winners. He provides a few targets he anticipates in the next run. David believes we will get a deflationary event at some point in the near future. By the end of the year, he feels a depressionary scenario is likely, with soaring unemployment, bankruptcies, credit card debt, and auto reposessions. Real estate is stagnating, and the banking crisis is worsening. The Fed will cut rates and print, but that might not save the markets this time. We could be looking at a controlled demolition of the economy, with most sectors going down. Prices for necessities will skyrocket, and there won't be many places to put your money. David believes a mind-shift is occurring in the public with regards to gold and confidence in currencies. We're seeing talk about fertilizers being bad for the environment and the purchasing of farms in the Netherlands. If the politicians don't agree on the debt ceiling agreement, all hell could break loose. The Fed would have to restart the printers as the debt rating falls. We can't just keep borrowing while devaluing the currency, which means some sort of financial reset is inevitable. You want to be in assets proven to hold value through time. Time Stamp References:0:00 - Introduction0:42 - Unease & Crises10:38 - Flash Crash Potential?19:00 - Interest in Gold?21:56 - Inflationary Event26:12 - COT Report Trends29:10 - Debt Ceiling Theatrics40:03 - Europe & Dollar Dynamics43:14 - Dollar & Gold Movement47:15 - Reality & Growth Goals54:30 - Concluding Thoughts Talking Points From This Episode Hedge funds are short bonds while banks are long; who will be right.A great recession is a risk in which prices for necessities will skyrocket.We are facing a financial reset, and why the best bet is to invest in assets proven to hold value. Guest Links:Twitter: https://twitter.com/globalprotraderSprott Money: https://www.sprottmoney.com/writersSilver Chartist: https://silverchartist.com David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and managed multi-billion dollar bond and foreign exchange portfolios for multinationals such as eBay and Salesforce. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, "Is the ERM (Exchange Rate Mechanism) Fatally Flawed," in 1993, and won foreign currency spot, forward, and bond trading competitions at 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Ontario, Canada, since 2015, with his wife and four kids.

Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders. David discusses Fed Chair Powell's recent statements, but argues that financial conditions have not tightened that much. Powell has said some real doozies recently, like the economy is strong, and the labor market is doing well. David says, "give me a break, the metrics around labor markets are startling wrong." Bernanke has stated in the past, "When the data is bad, you have to lie" because it's about maintaining confidence. The economy is not doing well, and neither is the labor market. The Fed statements are just justification for their policies. We're starting to see delinquencies and foreclosures that are likely to get considerably worse by next year. Housing and properties in parts of Canada have dropped forty percent. The CPI metrics for the Fed is part of their narrative construction. They are going to "redefine" the CPI lower because it reduces the cost of government entitlements. Year over year, inflation will come down, and they are going to recalculate it even lower. If we get lower inflation, the Fed will have justification to pause. He believes the DXY will head lower when this pop completes, once again near the recent highs. This will be the time to be buying gold and silver while many are throwing in the towel. The only way that doesn't play out is if we break below 1750 support. There is no scenario where gold and silver don't go up in the next few years. He is concerned there could be nationalization or excess taxation of miners. If you're able to get out, will you be able to find someplace safe to put your money? The markets are essentially rigged and managed by central banks. All the markets needed recently to go in the other direction was a catalyst. The Euro drop was the catalyst and caused the DXY to move higher, these are nearly perfectly correlated. Time Stamp References:0:00 - Introduction0:36 - Financial Conditions2:28 - Labor Contradictions6:44 - Hikes & Latent Damage10:15 - Redefining the CPI14:43 - DXY & Gold Outlook18:48 - Final Fed Endgame23:27 - Mine Nationalization25:35 - The Metals Reversal?32:50 - Leading Indications35:14 - Fed Still Matters38:50 - Dedollarization42:44 - The Fed Trifecta48:06 - Entitlements53:23 - Wifey Wrap Up Talking Points From This Episode Fed policy is all about maintaining a narrative while manipulating statistics to support it.Outlook for the dollar and why he is so optimistic on precious metals.The move away from the dollar and why Fed policy still matters. Guest Links:Twitter: https://twitter.com/globalprotraderSprott Money: https://www.sprottmoney.com/writersSilver Chartist: https://silverchartist.com David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and managed multi-billion dollar bond and foreign exchange portfolios for multinationals such as eBay and Salesforce. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, "Is the ERM (Exchange Rate Mechanism) Fatally Flawed," in 1993, and won foreign currency spot, forward, and bond trading competitions at 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Ontario, Canada, since 2015, with his wife and four kids.

Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders. Palisade Radio Links:► Website & Newsletter: https://palisadesradio.ca► Rumble: https://rumble.com/c/c-1586024► Odysee: https://odysee.com/@PalisadesGoldRadio:c David explains why sentiment is a fantastic contrarian indicator for the metals sector. Currently, people are giving up on the sector. It's good to use multiple tools when evaluating any market. He watches the dollar and real yields closely along with classical technicals. When all your tools indicate the same thing, you can have high confidence in market direction. Banks are long silver and the technicals are lining up. He is just waiting for confirmation. The one key thing that remains is when will the Fed pivot. Investing is about finding a methodology that works for you; particularly one that is focused on data. Having multiple signals reduces the emotion in trading and gives you caution until the time is right. In simple terms, markets take advantage of human psychology. Investors often fail to take profits, if you have massive gains take half out. He says, "Emotion is the death of wealth." History will help you to eliminate emotion, but develop a process. A sharp decline in inflation prints may provide the Fed with an excuse to pause or pivot. That seems to be coming due to the build up in supply chain inventories. The warehouses are full and demand is dropping. Many people are tapped out on their savings. The strength of the dollar also lowers import costs of everything. Commodities are all dropping over the past year, most notably lumber and the housing markets. Any sign of dovishness by the Fed will result in the dollar coming down and everything else taking off. The other way this could end is that something critical breaks. Take your pick, right now, everything is unstable and stressed. The Fed either pivots or there will be a systemic collapse. Who is going to buy the debt? The only game left is the Fed. We could see a domino effect around the world as banks or pensions fail. There is 2.3 trillion in derivatives and all the banks are interconnected. We're starting to see a repeat of credit default swap risk like we had back in 2008. The Fed cares about what happens elsewhere to the extent that it impacts the United States. The stock market is now the economy. They are extremely connected. Should we get a flash crash in markets, the Fed will have to intervene. We're going to have major global events play out soon as something or perhaps many things break. Time Stamp References:0:00 - Introduction0:38 - Sentiment & Metals8:34 - Managing Emotions17:58 - Fundamentals & Inflation18:44 - Fed Pivot & Global Risk32:10 - A Repeat of 2008?34:57 - Fed & Foreign Problems38:53 - Equity Markets43:20 - Other Risks49:36 - Smart Money?53:45 - Dedollarization57:48 - Metal Inventories1:00:37 - Wrap Up Guest Links:Twitter: https://twitter.com/globalprotraderSprott Money: https://www.sprottmoney.com/writersSilver Chartist: https://silverchartist.com Talking Points From This Episode The importance of a trading strategy in reducing emotion in trades.Several possible reasons or sudden events that could cause the Fed to pivot.Why a large drop in equities could also cause Fed intervention. David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and managed multi-billion dollar bond and foreign exchange portfolios for multinationals such as eBay and Salesforce. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, "Is the ERM (Exchange Rate Mechanism) Fatally Flawed," in 1993, and won foreign currency spot, forward, and bond trading competitions at 23.

Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders. David discusses the changes that have occurred in the markets since his last appearance on the show nearly two years ago. He believes another massive rally is coming for gold and that the Fed will reverse course. Countries never chose to default they always inflate their debts away. Markets today are centrally managed. What we have is not free-market capitalism. The Fed appears to be engineering a recession to curb inflation. Unemployment is far higher than we are being told and we see that reflected in the credit card use. Demand is starting to drop, and many people are down to just buying essentials. This is why we're going to see dis-inflation. Prices for everything going up at once is not indicative of supply chain issues. More money is simply chasing fewer goods. We have supply chain issues mixed with money printing. He expects the Fed to reverse policy and resume stimulus which will result in a final melt-up. At some point, the Fed's stimulus will be insufficient to prevent a crash. We've had an orderly sell-off recently in stocks, but what is coming will likely be a flash crash. The Fed prefers to have a ready excuse to compensate for its policies. Expect a 'major event' this fall which will be used as cover. This event will likely occur when the Fed decides to reverse policies. The dollar isn't strengthening in terms of purchasing power. It's just devaluing slower than all other currencies. When the Fed throws in the towel they will print trillions, and gold will go ballistic. The dollar is scheduled for demolition. David notes that banks are now long on silver which he believes will soon go 'bananas'. The conditions are in place for a major metals low, and the risk-reward ratio is massively skewed to the upside. Current metal prices may shortly never be seen again. Time Stamp References:0:00 - Introduction0:44 - Focus on the Fed6:44 - Trillions & Rates14:30 - Inflation Cause & Effect23:07 - Volatility & the Dollar26:50 - China & Gold Reserves33:00 - Treasuries & FX Theft35:26 - Housing Market Risks39:45 - His Process42:12 - Bottom in Metals?48:00 - Metal Premiums52:30 - Silver & Miners55:50 - Wrap Up Talking Points From This Episode Fed is engineering a recession to curb inflation.Everything is centrally managed, and the Fed will have to reverse its policy.The dollar is declining in purchasing power just slower than other currencies.Outlook for metals and why this may be the last time to buy at these levels. Guest Links:Twitter: https://twitter.com/globalprotraderSprott: https://www.sprottmoney.com/Blog/tag/david-brady.htmlWebsite: https://silverchartist.com/ David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and managed multi-billion dollar bond and foreign exchange portfolios for multinationals such as eBay and Salesforce. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, "Is the ERM (Exchange Rate Mechanism) Fatally Flawed," in 1993, and won foreign currency spot, forward, and bond trading competitions at 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Ontario, Canada, since 2015, with his wife and four kids.

Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders. David explains his trading methodology and why multiple approaches can provide a high degree of certainty with market trends. The IMF continues to encourage countries to spend, and the Biden administration has passed more stimulus. Powell plans to issue more debt, and Treasury Secretary Yellen wants MMT. Increasingly, these policies will result in global supply shocks. Massive increases in money supply will bring higher money velocity and thus inflation. Stagflation appears to be coming, and investors should consider what happened to gold, silver, and oil between 1970 and 1980. Now, imagine what a hyper-stagflationary environment and where that will take gold and silver. The recent bearish sentiment for gold is a good contrarian indicator, and David expects to see a continuation of the bull market shortly. The Fed plans to cap yields in the bond market, establishing asymmetric risk for yields to the downside. Real yields correlate inversely with gold and silver, and the Fed can't let yields rise further. David discusses the core CPI measures and why they are a joke since they don't include everyday things like food and energy. The commodity sector is breaking out, and this makes the government inflation numbers look entirely laughable. He argues it doesn't matter what the dollar does relative to other currencies when all currencies are basically toilet paper. The Reddit movement has brought silver out of the shadows and into the public consciousness. This understanding is a huge positive for silver and taking physical off the market is the correct approach. Time Stamp References:0:00 - Intro0:35 - David's Market Analysis6:48 - Bonds and Rates9:03 - Fed and Yield Control10:22 - Measuring Inflation14:26 - Gold & Silver Bottom?15:56 - Yield Peak & Precious Metals17:18 - Dollar Predictions & Gold20:14 - Near-Term Gold Targets20:56 - Thoughts on Silver Squeeze23:57 - Oil and Energy - Texas25:34 - Sentiment & Markets28:32 - Wrap Up & Risk/Reward Talking Points From This Episode Davids System for Tracking MarketsBonds, Rates, and Yield Control.Measuring inflation and targets for metals.Silver squeeze and market sentiment. Guest Links:Twitter: https://twitter.com/globalprotraderSprott: https://www.sprottmoney.com/Blog/tag/david-brady.htmlDavid's Article: https://tinyurl.com/2y3x7ahz David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and managed multi-billion dollar bond and foreign exchange portfolios for multinationals such as eBay and Salesforce. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, "Is the ERM (Exchange Rate Mechanism) Fatally Flawed," in 1993, and won foreign currency spot, forward, and bond trading competitions at 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Ontario, Canada, since 2015, with his wife and four kids.

Tom welcomes back David Brady, CEO and Co-Founder of Global Pro Traders. David believes there is further downside risk in the metals based on Elliot Wave theory. The Fed printed trillions in stimulus earlier this year, but then they cut treasury purchases in July, and congress cut stimulus to Americans in August. Those actions increased demand for the dollar, causing gold and silver to fall back. Over the coming months, the dollar could move higher. Tensions are high due to failing tariffs with China, trade imbalances, and uncertainty around the US elections. David says, "A new stimulus program is likely since the alternative is a systemic collapse of everything." The US treasury cash balance is usually around 400 billion but currently sits at two trillion and that money is waiting on the sidelines and inevitably it will be spent on something. The economy remains in meltdown, and an additional stimulus program will meet any sharp drop in stocks. It doesn't matter who ends up in the White House as either party will push for more stimulus driving stocks higher. Today, there is deflation occurring in discretionary items, while inflation surges in necessities like food, lumber and it could spill over into energy. Inflation may be problematic, if not impossible, to reverse once it begins. Imagine massive stimulus programs, while fewer and fewer products are available to buy on store shelves. The debt picture for the United States is exceedingly grim. David lays out a long-term scenario where gold and silver outperform while the major miners excel, and the juniors beat everything. Time Stamp References:0:55 - Short term risks and previous calls.6:50 - Markets are ready to explode.15:55 - Politics does it matter?20:00 - Stag-In-De-Hyper-Re-flation forecast.27:50 - Trade deficits and debt.33:30 - Yield caps and bonds.37:00 - How banks are positioned in metals.40:00 - Data conflicts with the prevailing narative.46:00 - Silver just buy it. Talking Points From This Episode USD strength and possible further pullback in the metals.Uncertainty in elections and trade may be bad for stocks.Additional stimulus and the treasuries cash balance.Stagflation and the risk of runaway inflation. Guest Links: Twitter: https://twitter.com/globalprotraderSprott: https://www.sprottmoney.com/Blog/tag/david-brady.html David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor’s degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and moved on to manage multi-billion dollar bond and foreign exchange portfolios for multinationals such as eBay and Salesforce. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, “Is the ERM (Exchange Rate Mechanism) Fatally Flawed” in 1993, and won foreign currency spot, forward, and bond trading competitions at 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Ontario, Canada, since 2015, with his wife and four kids.

Tom welcomes back David Brady, CEO and Co-Founder of Global Pro Traders. David believes there is further downside risk in the metals based on Elliot Wave theory. The Fed printed trillions in stimulus earlier this year, but then they cut treasury purchases in July, and congress cut stimulus to Americans in August. Those actions increased demand for the dollar, causing gold and silver to fall back. Over the coming months, the dollar could move higher. Tensions are high due to failing tariffs with China, trade imbalances, and uncertainty around the US elections. David says, "A new stimulus program is likely since the alternative is a systemic collapse of everything." The US treasury cash balance is usually around 400 billion but currently sits at two trillion and that money is waiting on the sidelines and inevitably it will be spent on something. The economy remains in meltdown, and an additional stimulus program will meet any sharp drop in stocks. It doesn't matter who ends up in the White House as either party will push for more stimulus driving stocks higher. Today, there is deflation occurring in discretionary items, while inflation surges in necessities like food, lumber and it could spill over into energy. Inflation may be problematic, if not impossible, to reverse once it begins. Imagine massive stimulus programs, while fewer and fewer products are available to buy on store shelves. The debt picture for the United States is exceedingly grim. David lays out a long-term scenario where gold and silver outperform while the major miners excel, and the juniors beat everything. Time Stamp References:0:55 - Short term risks and previous calls.6:50 - Markets are ready to explode.15:55 - Politics does it matter?20:00 - Stag-In-De-Hyper-Re-flation forecast.27:50 - Trade deficits and debt.33:30 - Yield caps and bonds.37:00 - How banks are positioned in metals.40:00 - Data conflicts with the prevailing narative.46:00 - Silver just buy it. Talking Points From This Episode USD strength and possible further pullback in the metals.Uncertainty in elections and trade may be bad for stocks.Additional stimulus and the treasuries cash balance.Stagflation and the risk of runaway inflation. Guest Links: Twitter: https://twitter.com/globalprotraderSprott: https://www.sprottmoney.com/Blog/tag/david-brady.html David Brady has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor’s degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and moved on to manage multi-billion dollar bond and foreign exchange portfolios for multinationals such as eBay and Salesforce. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, “Is the ERM (Exchange Rate Mechanism) Fatally Flawed” in 1993, and won foreign currency spot, forward, and bond trading competitions at 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Ontario, Canada, since 2015, with his wife and four kids.

Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders, to discuss the direction that gold will be heading over the short to long term. David is getting flack for suggesting a pullback is about to occur in the gold markets since the Fed has begun tapering. In the short-term, the risks are building up to the downside. He discusses why it's normal and healthy to have pullbacks in a bull market. The sentiment is currently quite bullish, with many people claiming "that this time it's different." He expects to see a pullback in the next few months until the Fed re-opens the spigots around the election. Something will happen ahead of the vote to help Trump get re-elected likely in more stimulus or massive infrastructure spending. The economy will continue to deteriorate, and we should expect stagflation in the coming years. After this year, we will never again retest these levels, so he recommends investors see the next dip as an excellent buying opportunity. He expects a continued lockdown into the fall and further trade wars with China. He gives us his predictions for silver, oil, and the general equity markets going forward and why prices could go much higher. Lastly, he discusses specific price targets for gold and silver. Time Stamp References:0:40 - Bullish but expect short-term correction.10:45 - Final buying opportunity at these levels.15:20 - Expect a dramatic new round of printing by Q4.17:30 - Expectations for silver20:20 - The outlook for equities and oil.24:30 - Levels to watch on the downside. Talking Points From This Episode• Short-term correction for gold.• Why pullbacks are healthy in a bull market.• Long-term expectations for silver, oil, and equities.• Bond yields will be capped. Guest Links Twitter: https://twitter.com/globalprotraderSprott: https://www.sprottmoney.com/Blog/tag/david-brady.html David Brady is CEO and Co-Founder of Global Pro Traders and has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and moved on to manage multi-billion dollar bond portfolios for multinationals such as eBay and Salesforce. As the Vice President of Treasury and Investor Relations, he was also responsible for managing interest rate, equity, and commodity risk exposure. He has always been interested in financial markets, winning investment competitions at the age of 15. Scoring the highest grade for his graduate thesis, "Is the ERM (Exchange Rate Mechanism) Fatally Flawed" in 1993, and won foreign currency spot, forward, and bond trading competitions at 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Toronto, Canada, since 2015, with his wife and three kids.

Tom welcomes returning guest and CEO David Brady back to the show. David is a Sprott Money Contributor and a big fan of all things silver. David has recently coined the term "Hyper-Stag-Flation" to describe what we have today. It represents a stagnating economy coupled with rising prices, particularly in necessities. The hyper part comes from the Fed and central banks printing money like it's going out of style. This results in supply shocks and further trade wars. In this environment, the hardest hurt is the middle-class and Bankruptcies are about to hit while many jobs are lost. He discusses the metrics and indicators like sentiment that he relies on for determining market direction. Liquidity drives stock markets, so it should be no surprise they are higher. He is concerned about a second wave in the pandemic and a lower stock market until around the election. Gold has a solid floor in place and will take off, but silver will outperform. Commodities, in general, are going to see some good gains. He believes the dollar in real terms will decline in the coming years. He expects the silver-gold ratio to move closer to historical norms. Silver should blow the roof off. Time Stamp References:0:35 - Defining hyperstagflation.8:20 - David's analysis process.11:00 - Stock market peak and predictions.22:20 - Silver ratio and outlook.33:14 - Questioning your own assumptions.38:50 - Affects on the populations. Talking Points From This Week's Episode Hyper-Stag-Flation defined.Escalating trade wars.Indicators and market manipulation.The dollar will decline in real terms.Silver will rally. David Brady is CEO and Co-Founder of Global Pro Traders and has managed money for banks and businesses for 25 years. Mr. Brady is a CFA charter holder and holds a bachelor's degree in Business Studies and Financial Markets from Dublin City University. He started as a foreign currency trader in USD/DEM and moved on to manage multi-billion dollar bond portfolios for multinationals such as eBay and Salesforce. As the Vice President of Treasury and Investor Relations, he was also responsible for managing interest rate, equity, and commodity risk exposure. He has always been interested in financial markets, winning investment competitions at the age of 15, scoring the highest grade for his graduate thesis "Is the ERM (Exchange Rate Mechanism) Fatally Flawed?" in 1993. Winning foreign currency spot, forward, and bond trading competitions at the age of 23. Suffice to say that financial markets have been his passion for much of his life. David is a native of Dublin, Ireland. He moved to the United States in 1998 and now lives in Toronto, Canada, since 2015, with his wife and three kids. Guest Links:Twitter & Sprott Article

Lately it almost feels as if whoever is making the decisions in the U.S. government is actually trying to crash the markets. Is #Trump actually escalating the #tradewars to force Federal Reserve #ratecuts? Because as the world continues to decouple from the dollar at a rapidly accelerating rate, the U.S. actions are so economically destructive and bizarre, that it becomes harder to believe that someone would actually think this could in any way help an economy. So we were fortunate to have David Brady of Global Pro Traders join me on the show to explain what's really happening behind the scenes on. David explained what's going on with the #tradewar, what #theFed is likely to do, and what #investors should know to be prepared accordingly. It's a timely interview with the trade wars raging on, so click to watch the video now! - To find out more about David and his site Global Pro Traders visit: https://globalprotraders.com/ To find David on Twitter go to: https://twitter.com/GlobalProTrader - Subscribe to Arcadia's Youtube channel now to stay ahead of Wall Street! http://bit.ly/2t1HKOj - To buy or sell #gold, #silver, platinum, or palladium call our precious metals supplier Miles Franklin at 1-833-326-GOLD (4653) now! - For more help understanding the markets or to talk with Chris visit: http://arcadiaeconomics.com/ - Check out the Arcadia Economics website: https://arcadiaeconomics.com/ - Follow Arcadia Economics on Twitter https://twitter.com/ArcadiaEconomic - Like Arcadia Economics on Facebook: https://www.facebook.com/Arcadia-Economics-127021697962493/ - Subscribe to Arcadia's Youtube channel now to stay ahead of Wall Street! http://bit.ly/2t1HKOjSubscribe to Arcadia Economics on Soundwise

China's bottomless appetite for gold and other hard assets is at the back of every financial analyst's mind. For David Brady, CEO and co-founder of Global Pro Traders, there is no doubt that China and Russia believe a US dollar plunge is coming. He is a CFA charterholder with degrees in business and finance from Dublin City University. He argues that the Chinese are hoarding more gold than they let on in preparation for a coming global financial reset. When central banks revert back to another round of interest-rate cuts and quantitative easing, he contends, then everything but the dollar will take off. Show notes: http://goldnewsletter.com/podcast/china-prepares-dollar-collapse-hoards-gold/

David Brady of Global Pro Traders joins us this week to discuss the precious metals markets and how changes to the US dollar and Chinese yuan impact the gold price.