When the motion of a rigid body is known, the equations of dynamics
allow the calculation of the (resulting) forces acting on the body
The contact line of the cones is the axis of instantaneous rotation of the mobile cone and we have the following kinematic relationship:
$$ \overline{\omega} = \overline{\omega}_k + \overline{\Omega}
\mspace{8cm} (1)$$
$\overline{\omega} =$ instantaneous angular velocity;
$\overline{\omega}_k=$ spin of the rolling cone;
$\overline{\Omega} =$ precession angular velocity.
On the rolling cone acts the weight applied in its center of gravity G and a system of forces distributed along the contact line.
This system of forces is equivalent to a resultant $\overline{T}$ (a priori unknown) applied in a point A (a priori unknown).
The first equation of rigid body dynamics
$$ {d\overline{Q}\over dt} = \overline{R} \qquad\to\qquad -M\Omega^2 \overline{r}_G = M \overline{g} + \overline{T}
\mspace{2cm} (2) $$
provides the constraint reaction $\overline{T}$.
It is worth to note that $\overline{T}$ lies in the plane of the figure!
The application point A of $\overline{T}$ is given by the second equation (referred to the fixed point O):
$$ {d\overline{L} \over dt} = \overline{M}_o \qquad\to\qquad \overline{L}= I_1 \overline{\Omega} + I_3 \overline{\omega}_k
\qquad \overline{M}_o = \overline{r}_G \times M\overline{g} + \overline{r}_A \times \overline{T} \qquad (3)$$
The resulting moment $ \overline{M}_o$ of all forces (with respect to O) is perpendicular to the plane of the figure!
Since in a regular precession $\overline{\Omega}$ is constant, we have
$$ {d\overline{L} \over dt} = {d(I_3 \overline{\omega}_k )\over dt} = I_3 \overline{\Omega} \times \overline{\omega}_k
\qquad\to\qquad I_3 \overline{\Omega} \times \overline{\omega}_k = \overline{r}_G \times M\overline{g} + \overline{r}_A \times \overline{T} \qquad (4)$$
It's so possible to calculate the distance $ r_A = \overline{OA}$ (which identifies the point of application A of $\overline{T}$).
From an intuitive insight, it must be understood that the vertical component of $\overline{T} $
balances the weight $M\overline{g}$, while the horizontal component of $\overline{T}$ causes the centripetal acceleration
of the center of gravity G of the mobile cone.
The resulting moment $ \overline{M}_o$ of all forces (referred to O) is perpendicular to the figure and determines the precession motion of the figure axis of the mobile cone.