Image Source: Unsplash
 

I welcome back David Brady to the show. David discusses the current state of the gold and silver markets. He believes that both metals are predicted to go lower in the short term due to thin markets, low capital requirements, and excessive shorting by bullion banks.

Brady advises traders to stop playing in between major levels and instead wait for the bottom before buying low and selling high. He emphasizes the importance of reducing emotion in trading and making rational decisions based on sentiment, technicals, Elliott Waves, positioning, and the DXY.

According to Brady, the bullion banks are manipulating the market, and he anticipates further short-term manipulation. Brady uses the FIPES process and data-based signals to predict market movements. He cautions against relying on forecasts and encourages traders to take “baby steps” to better understand short-term market shifts.

While Brady believes that the short-term future of gold and silver is lower, he remains bullish on their long-term prospects. He expects the value of the U.S. Dollar (DXY) to increase, primarily driven by higher yields. He considers a variety of factors, including technical indicators, sentiment, and fundamentals, before making forecasts.

David recommends looking at recent data for high-beta miners to avoid outlier values. He is particularly bullish on the year 2024 when the U.S. Dollar is expected to have a strong run before losing confidence.

Lastly he, also stresses the importance of keeping wealth outside of the banking system. He suggests real tangible assets like land and, especially, gold and silver as the best options. He views these metals as an insurance policy that can protect against financial collapse and potentially generate wealth.

Video Length: 00:36:55

More By This Author: