David Brady
David Brady has managed money for over 25 years for major international banks and corporate multinationals both in Europe and the US, with experience in Bonds, Equities, Foreign Exchange, and Commodities
In 2016, he created GlobalProTraders.com, an interactive online community for traders to share their views on financial markets.
David Brady Articles
On the one hand, it is closest to breaking the channel since it has been in November to the downside. This would obviously be bearish, especially if support at the prior low of 1278 is taken out. Momentum indicators such as the RSI and...
Just as Neo flexed his muscles upon learning he is “The One” and took out Agent Smith at the finale of The Matrix , Gold is now letting fiat currencies know who is really in charge.
Last week, I discussed the Bull and Bear cases for Gold. The stock market sell-off that began on October 3, the associated fall in bond yields, increasing expectations that the Fed would be forced to reverse policy, recent weakness in the...
Although everyone is once again getting excited by the prospect of higher Gold prices (including myself), there is plenty of ammunition for the BEAR CASE also. At the end of the day, whether we go higher or lower in the next 0-6 months...
We all know that positioning and sentiment are bullish for gold and have been since May. Hence the need to focus on the technical picture. As I reported last week, gold is in a Bear Flag following its drop from 1369 in April to 1167 in...
Until the arrest of Huawei’s CFO in Canada at the request of the U.S., I was becoming more neutral to bullish on Gold. The G20 meeting was a complete waste of time in that nothing really changed. There was no agreement on the substantive...
The Fed was notably more dovish in its tone this week. On Wednesday, Fed Chair Powell warned of "generally elevated" asset prices. But then he followed that with: "The resulting drop in asset prices might be particularly large, given that...
Last week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven...
It is difficult to provide an update on something that hasn’t moved in months. Other than a spike higher on October 11, gold has basically done nothing in the past three months. The current range remains 1214-1251.
After falling from 1369 to 1167 in just four months, gold is attempting to rally now, having risen to a high of 1237 recently. But as I shared in my previous article: “There is significant resistance ahead that could stall gold’s rally,...
