GOLD: Love & Hate

As the Dow & Gold each close the week at all time highs on the back of China's "Whatever it Takes" liqudity moment, the haters come out in force against those willing to buck the bullish trend.

Following up on last weeks episode, we again discuss the idea of Dollars & Gold rising together and why the haters above get so emotional regarding this concept. We also go into more detail on the Commitment of Traders report to hep explain who the different categories refer to, why they are positioned as such, whether its Bullish or Bearish, and why it mostly matters only at extremes.

Will this time be Different...?

This and more on the latest episode of MILKSHAKES MARKETS MADNESS.

FULL-LENGTH EPISODE 95 (September 29, 2024)

[kimeccleston]

That looks like a bad undercover disguise Brent 😁

[ZacharyTucker-vm]

Don’t let the haters get you down, Brent!! You can lead a horse to water but you can’t make it drink. Keep up the great work. Your content is HIGHLY valued!!

[CreativeVUZE]

There's no one who appreciates your perspective more than myself because I'm completely emotionally AND invested in Gold and am using it and silver to ultimately get out of the rat race and the country at the same time. I'm not smart enough nor focused enough to diversify so getting any indicators of pullbacks when you're surrounded by gold permabulls is a bit of a god send for me. Been following your thesis since 2018 and haven't hated one bit of it 👍🏽

*I'm currently up 78% on the year with my 100% portfolio allocation to silver miners 😅 sold out of my position Thursday and waiting to buy back in over the next two trading weeks.

[FlextheJuvat]

Brent, I'll admit you used to get me all worked up with your anti gold talk (lol j/k), but I've come to really appreciate your persistently calm, level-headed and unemotional rationalization for your argument. I really appreciate your ability to patiently keep explaining this without getting all worked up yourself. Thanks!

[crowneagle]

I liquidated my gold holdings this past week. Position wasn't big enough to bother hedging it. Profits keep grinding higher and that's all I care about. Nice job explaining commitment of traders. Speculators are definitely over extended. That's who I watch.

[bleys]

I am one of those people whose stock portfolio is all gold. I didn't plan it that way. Owing to the gold miners/explorers going up in a big way I took losses on my non-gold shares to offset my gains on gold shares for tax purposes. The end result is that I have only gold shares left so I am all in on gold. However, my wife and I also own our home and I do have a retirement income stream as well so I have some balance outside of the stocks. But I am happy with the result so far and despite some ups and downs in the share prices things are looking good for the future.

[wisencareful]

The fact that I constantly listen to you means I respect & value your views !
Agree with you 90% of the time …. Keep doing the good work you do for us all in expressing your views.
Nay sayers are not doing what you are & it’s easy to criticise anyone or anything but we know the value of education & listening to people who we do express their views openly & honestly
Bravo to you from Australia

[_e_M]

Thanks for your wisdom and clear explanation to the non financiers of this world Brent. Always enjoy your comments on latest macro developments :)

[dogmom-ptwe]

I am a little worried about growth projections of funds i kept in a HYSA north of $80k, I aim to avoid FOMO and look at buying at the dips. Am I better off investing into Gold as it seems stocks are a little too unstable right now?

[tryleraaron]

Lately i got interested in crypto but has no idea on how to go about it. How does it work please.

[CHAZAGE]

Good balanced logic! Not enough of that on YT IMO!

[StackLife-yqhw]

I bought more physical gold myself today its all about owning gold for the long term for me anyway..

[AllNighterHeider]

The milkshake is a comprehensive, pragmatic, and easy to comprehend theory with a fun name. Those that viamently oppose it rather than prove it through question are just jealous 😂
Thanks Brent, always appreciate your work and time presenting your considerations.

[drewcave]

WE appreciate your unbiased commentary. Sad you have to spend your day arguing with digital warriors who have no clue.

[lorikennedy]

You are so patient Brent.What a nice guy calm person!

[carltonmcgee]

I salute you sir for doing the heavy lifting. Peace.

[freeman]

One thing you said some time ago is what I think regarding gold - thankfully i bought my gold earlier and don't need to chase it now at much higher prices...

[donaldbest]

Really good presentation. I sold all my calls on silver on friday

[gregpalmer]

LOVE the fight analogy, spot on. How are there only 8K views, oh yeah, you are speaking the truth and Norm hates the Truth. Or you're shadowed. A or B(A and B)=Casandra

[jimlarkin]

Great presentation I tend to agree with your thesis in that imo we could see 2200-2500 before we see 25, 000 gold.

I would also add the geopolitical risk has never been this high since at least WW2 / possibility Cuban Missile Crisis.