This is a special edition of Macrovoises with hedge fund manager Eric Townsend.

The premier financial podcast targeting professional finance, high net worth individuals, family

offices, and other sophisticated investors.

Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.

Macrovoises All Stars Episode number 43 was recorded on August 5th, 2019.

I'm Eric Townsend.

All Star Luke Gromund is back with us today and this episode of Macrovoises All Stars

is brought to you by toptradersunplug.com, the only podcast dedicated to quant and rules

based investing.

And right now they're offering Macrovoises listeners a free book called The Many Flavors

of Trend Following.

I'll tell you how to claim it at the end of this episode.

Luke, what got your attention this week?

Yeah, something that happened two weeks ago, Eric, that we think may be a really important

macro data point, but which was seemingly ignored by most US macro analysts, which was,

and the headline said, as market matures, central banks conclude that a former gold agreement

is no longer necessary.

This headline hit on July 26th.

Then take a step back.

When we were in London last back in January, we had heard rumblings at that point that

the central bank gold agreement or CBGA would not be renewed in 2019 for the first times

since 1999 reception.

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