The Pod of Gold

In this high-stakes update, Nicholas Frappell examines the "U-turn" in the gold market following a period of extreme volatility. After gold hit a significant low of US$4,100 on March 23rd, it staged a US$300 rally, creating a powerful "Hammer" candlestick that has redefined the short-term technical floor.The discussion focuses heavily on the fragile two-week ceasefire in the Gulf and its immediate impact on the energy-gold nexus. Key Discussion PointsThe Hammer Reversal: Analysing the March 23rd price action where gold recovered from US$4,100 to close at US$4,407, providing a definitive technical signal.The Ceasefire Catalyst: How the cessation of hostilities led to a US$15/bbl drop in Dated Brent and a US$90 surge in gold over the week.Asymmetric Shocks: Why the US Dollar outperformed Eurozone and Asian currencies during the Hormuz blockade due to America's status as a net petroleum exporter.The Fragile Peace: Differing interpretations of the ceasefire between the US and Iran, specifically regarding the complete opening of the Strait of Hormuz.Economic Scars: Why the shocks to refinery runs in Singapore and Southeast Asia are already "baked into the cake," regardless of the ceasefire’s duration.Timestamps(00:00) – Introduction: Recording on 10 April 2026.00:44) – Technical U-Turn: The US$4,100 low and the "Hammer" candle.(02:15) – Currency Dynamics: The dollar as a safe haven and the balance of trade shock.(04:25) – The Ceasefire Stress Test: US, Iran, and the Strait of Hormuz negotiations.(06:06) – Rate Expectations: Why Fed pricing remains largely unchanged despite the conflict.(07:32) – Positioning Update: Steady managed money longs and global ETF holdings (98.55m oz).(08:21) – Price Targets: Short-term upside to US$4,830; medium-term resistance at US$5,075.(11:25) – Global Investors Summit: Nick previews his upcoming trip to Hong Kong.Current Trend: Gold remains technically bearish in the daily timeframe despite the rally; a close above US$5,100 is required to challenge the Daily Ichimoku Cloud top.Resistance Levels: US$4,935 (Cloud Base) and US$5,075 (Cloud Top).Support Levels: US$4,100 (Hammer Low) and US$4,450 (Short-term downside target).More ResourcesTechnical Reports: Access Nick Frappell’s institutional analysis at abcrefinery.com/podcast.Follow Shae Russell: @shaearussellFollow Nick Frappell: @nick_frappell

In this mid-March edition of The Pod of Gold, ABC Refinery’s Nicholas Frappell distills the escalating US-Iran conflict. This discussion moves beyond the initial market shock to explore why gold is currently behaving more like a risk asset than a safe haven.Nick provides a high-level tactical analysis of the Middle Eastern theatre, from the de facto closure of the Strait of Hormuz to the potential for American "boots on the ground" at Kharg Island. The episode breaks down the energy supply shock—impacting everything from global chip production to fertilizer supplies—and why the markets may be dangerously "fading" these geopolitical risks.Technical analysts will also find deep value in Nick’s breakdown of gold’s breach of the Daily Ichimoku Cloud and a Point & Figure target for Brent Crude that suggests the energy crisis is far from over.📆 Recorded on Thursday 19th March 2026, this episode explores:🕒 Timestamps:(00:00) – Introduction: Precious metals prices as of 19 March 2026.(01:09) – Geopolitical Realities: Analysing the widening downstream impacts of the Iran conflict.(03:22) – The Safe Haven Paradox: Why the US dollar is winning while gold retreats.(05:53) – Energy Mitigants: Pipelines, emergency reserves, and the "Tank Top" countdown.(08:00) – Military Dimensions: The USS Tripoli and the risk of American boots on Iranian soil.(09:32) – Positioning: Managed Money’s surprising caution in the face of high volatility.(10:46) – Brent Oil Forecasts: Technical targets as the energy shock intensifies.(11:51) – Technical Analysis: Gold’s first breach of the Daily Ichimoku Cloud since mid-2025.(14:40) – The End of the Carry Trade? Second-order effects of yen weakness and energy imports.(16:24) – Key Takeaways: Headline risk, the Macbeth quote, and the legacy of war.🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell—---------------

In this special location episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets from ABC Refinery, records on the final day of the RIU Explorers Conference in Fremantle. Following his keynote address, Nick unpacks the "uncertainty bingo card," explaining why traditional indicators like gold and the US dollar are defying historical correlations.This episode dives deep into the technical and macroeconomic cross-currents defining 2026, including the shift from "de-dollarisation" to "de-fiatisation", the unprecedented retail silver frenzy in China, and why Kevin Warsh’s arrival at the Fed might actually mean more expensive money. Nick also provides exclusive technical updates using Ichimoku Cloud analysis and provides the probabilities for gold and silver’s next major moves.📆 Recorded on Thursday 19th February 2026 at the RIU Explorers conference, this episode explores:Market dynamics, price targets, and the role of managed money in these movementsThe implications of Fed policy and inflation on precious metals. 🕒 Timestamps:(00:00) – Introduction: From the floor of the RIU Explorers Conference in Fremantle.(01:17) – The Uncertainty Proxy: Why measles outbreaks and the Fed narrative track with gold.(03:00) – The Warsh Factor: Quantitative tightening and the "belly of the curve."(05:51) – Breaking Correlations: Analysing gold’s rally alongside high real rates and a strong dollar.(08:16) – De-fiatisation vs. De-dollarisation: Why China is still accumulating greenbacks.(12:38) – Silver’s Forgotten Story: Comex inventory shifts and Chinese retail premiums.(16:55) – Managed Money Data: Identifying "Fast Money" trends in gold and silver.(21:17) – Technical Analysis: Ichimoku Cloud support levels and Point & Figure upside targets.(24:00) – Option Market Probabilities: Is a $140 silver price actually on the cards?(28:09) – The "Big Macro" Indicator: Monitoring the US Net International Investment Position.🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, discusses gold recently shattering the USD$5,000 barrier before experiencing an "eye-watering" $400 correction in mere minutes, the team explores the technical and macroeconomic forces behind the chaos.The discussion provides deep technical insight into negative gamma on dealer option books, the impact of President Trump’s new Fed chair nominee, Kevin Warsh, and why silver recently behaved like an "enraged rattlesnake".📆 Recorded on Monday 2nd February 2026, this episode explores:Market dynamics, price targets, and the role of managed money in these movementsThe implications of Fed policy and inflation on precious metals. 🕒 Timestamps:(00:00) – Introduction and Market Overview(00:34) – Gold Market Dynamics(03:44) – Managed Money Positioning(06:31) – Price Targets and Predictions(09:03) – Silver Market Insights(11:31) – Final Thoughts and Future Outlook🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell—---------------

In this final episode of The Pod of Gold for 2025, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks one of the most extraordinary years in precious metals history.Gold has delivered its second-best annual performance since free trading began in 1979, with silver close behind. This podcast explores what drove this year’s rally and whether the bull market still has room to run into 2026. Frappell outlines his medium- and long-term price targets for both metals, breaks down positioning data across futures, ETFs and managed money, and explains why neither market appears overstretched despite the sharp gains.The discussion then turns to the global macro backdrop shaping precious metals markets: the Federal Reserve’s pivot toward lower rates, ongoing divergence in central bank policy, rising bond yields, and the implications for the US dollar. Nicholas also examines developments in Japan, China’s prolonged property downturn, and the growing geopolitical risks tied to the Russia–Ukraine war and energy markets.With politics, geopolitics and monetary policy increasingly intertwined, this episode provides a comprehensive wrap-up of 2025 and a clear framework for understanding the forces likely to influence gold and silver in the year ahead.Listen now to close out the year and prepare for what lies ahead in 2026.📈 Frappell also examines:Gold and silver’s historic performance in 2025Price targets and technical outlook for 2026Futures, ETF and managed money positioningFed rate cuts, US dollar weakness and bond market risksJapan, China and global demand dynamicsGeopolitical tensions and their impact on precious metals🕒 Timestamps:(00:37) – Gold’s Best Year Since 1979(01:46) – Gold Price Targets for 2026(02:39) – Can Gold Hit $5,000? Technical Analysis(03:08) – Gold Futures Positioning: Is the Market Overcrowded?(04:10) – Gold ETFs, Open Interest and Investor Flows(04:58) – Silver’s Breakout Year: The Forgotten Outperformer(07:40) – Silver Price Targets: How High Can It Go?(08:14) – Why Central Banks Still Matter for Gold(10:03) – Bank of Japan Rate Hikes and the Yen(11:44) – China’s Property Crisis and Economic Slowdown(15:06) – Geopolitics, Global Tensions and Gold(18:21) – Gold and Silver Outlook for 2026(18:51) – Final Thoughts and Year-End Wrap🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell

In this week’s episode of The Pod of Gold, ABC Refinery’s Global Head of Institutional Markets, Nicholas Frappell, dives deep into October’s extraordinary volatility across the precious metals space.Recorded on Tuesday, 18 November 2025, Frappell unpacks the extreme tightness in the silver market, the drivers behind gold’s sharp drop and powerful rebound, and why China’s deteriorating economic indicators matter enormously for Australia. From negative gamma flows to fixed asset investment, this episode is loaded with actionable insights for traders, investors, and precious-metals followers.📈 Frappell also examines:Why silver lease rates briefly exploded to ~200%How metal flows to COMEX, New York ETFs, and India helped drain London's lending poolThe return of metal to London vaults—53 million oz, the biggest inflow since 2016Whether December Fed rate cuts are still likelyGold’s medium- and short-term upside and downside price targetsETF flows and what limited data we have on positioningChina’s rare –12.2% drop in fixed-asset investment, persistent deflation risks, and slow-motion property crisisWhy China’s troubles matter directly for Australia’s economy🕒 Timestamps:(00:00) – Introduction(00:32) – Recap of a busy conference schedule(01:14) – Gold goes parabolic… then drops ~US$420: what happened?(02:24) – Listener question: What caused October’s extreme tightness in silver?(04:56) – Turning back to gold: analysing the late-October rally(05:53) – Key support levels: Ichimoku, Fibonacci & volatility drivers(06:24) – Gold & silver targets: medium- and short-term outlook(07:54) – Positioning: what we can infer without COT data(09:15) – ETF flows in gold & silver(09:48) – China update: investment collapse, deflation & property sector slump(12:34) – Why China’s malaise matters for Australia(13:08) – Final thoughts: volatility, US dollar direction & Fed uncertainty(14:00) – When Frappell will (hopefully!) return to the mic🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks gold’s explosive surge through US $4,000/oz — a milestone that’s reshaping market sentiment and investor positioning around the world.Recorded on Wednesday, 8 October 2025, this special short-form episode explores the macro and technical forces behind gold’s breakout and what traders should watch for next.📈 Frappell also examines:Why the US$4,000 mark is a psychological and technical milestone for gold investorsThe macro drivers behind the rally — from fiscal dominance and rising debt pressures to shifting Fed policyThe impact of the US government shutdown on positioning data and market sentimentWhat to expect when Chinese markets reopen after the holidaysPoint & Figure targets pointing toward near-term resistance at US$4,073–4,172Ichimoku Cloud analysis and distant support levels near US$3,671 and US$3,576How round-number psychology and short-term volatility could shape the next phase of gold’s run🕒 Timestamps:(00:00) – Introduction(00:33) – Gold marches through US$4,000(01:22) – The macro backdrop (03:38) – Positioning & ETF inflows amid the US government shutdown(05:38) – Technical outlook: Short-term risks and what to watch as China reopens(06:42) – Point & Figure analysis(07:32) – Ichimoku Cloud weekly big picture(08:27) – Summary and what’s ahead at IMARC 2025🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell

In this episode, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery explains why Gold has surged to a historic US $3,759, and the momentum shows no sign of slowing.📆 Recorded on Tuesday 23rd September 2025, this episode explores:Why weakness in the US dollar and shifting Federal Reserve policy are fuelling the rallyKey price targets—including short-term resistance around US $3,800 and medium-term potential near US $4,000The surge in ETF inflows and investor rotation out of equitiesGeopolitical flashpoints and economic signals from China that could keep gold in demand📈 Frappell also examines:Dollar Index (DXY) weakness and what past declines suggest for a possible rebound.September’s 25-bp cut and why the market’s hopes for deeper, faster easing may be misplaced.Inflation break-even rates and why the Fed’s own projections challenge the “rapid cuts” narrative.Rotation out of US equities and into gold as a hedge.Technical targets: short-term and medium-termKey support zonesEscalating tensions—Russian jets, uncertain US leadership—and their impact on safe-haven demand.China’s slowing fixed-asset investment and soft consumption shaping global trade flows.🕒 Timestamps:(00:00) – Introduction(00:55) – Moves behind the gold rally(04:55) – Managed money positioning(08:38) – Gold price targets(11:20) – Is the US dollar losing its grip?(13:07) – Geopolitics & macro drivers(14:08) – Key takeaways🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell—---------------

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks gold’s historic rally and what could lie ahead.📆 Recorded on Tuesday 9th September 2025, this episode explores:The drivers pushing gold to fresh record highs.The role of weak US labour data and Fed policy expectations.Why ETF and Managed Money positioning matter right now.The potential scenarios that could actually stop this rally.Price targets including the much-discussed 3860 level.How the US dollar is influencing precious metals markets.Whether you’re a trader, investor, or simply fascinated by gold, this episode provides deep insights into positioning, sentiment, and what the next 14 days may bring.📈 Frappell also examines:US labour market weakness and Fed rate cut expectations.ETF inflows vs Managed Money longs.Central bank gold buying and its impact on demand.Scenarios that could trigger a gold pullback.Near- and medium-term price targets.The broader macro backdrop: dollar, tariffs, and risk assets.🕒 Timestamps:(00:00) – Introduction(00:44) – What’s driving gold higher right now(04:12) – Question from listener: “Could anything stop this rally?”(08:19) – ETF flows vs Managed Money positioning(10:16) – Price targets: short-term, medium-term, and $3860(11:34) – Medium-term price target explained(12:22) – The role of the US dollar and Fed policy(15:15) – Key takeaways and closing thoughts(17:00) – Outro🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell—---------------

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, discusses the key drivers for gold prices over the past few weeks, including geopolitical uncertainty and the impact of tariffs on the US economy.📆 Recorded on Tuesday 26th August 2025, this episode explores:Insights into current managed money and ETF positioning in the gold market.Frappell's technical analysis of gold, including short-term and longer-term price targets using the Ichimoku cloud indicator.A deep dive into the current state of the US Dollar and how recent events regarding the Federal Reserve's independence are impacting it and gold.A look at the Chinese market, including the struggling property sector and the disconnect between economic performance and stock market rallies.📈 Frappell also examines:How Chinese property prices continue their downward glide.What the Taylor rule suggests about interest rates.How the Fed's independence is being challenged and why that's potentially positive for gold.🕒 Timestamps:(00:00) – Introduction(02:29) – Driving factors for gold prices(04:40) – Tariffs and gold(5:26) – How Powell’s Jackson Hole speech impacts gold(10:00) – Managed money and ETF positioning(11:04) – Gold price targets(14:13) – What's happening with the US Dollar?(16:19) – Where the Fed fund's rate 'should' be(18:28) – A look at the Chinese market(21:33) – Where should you be watching when it comes to gold?🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell—---------------

In the 70th episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the factors driving gold's performance, including the impact of the "Big Beautiful Bill" on US debt and inflationary pressures. Frappell also examines how re-emergent tariffs are affecting the physical gold market, and what current managed money and ETF positioning reveals about investor sentiment.📆 Recorded on Tuesday 15th July 2025, this episode explores:The effect of US debt and news flow on gold prices.The impact of tariffs on global trade, growth, and the physical gold market.An in-depth look at gold inventory holdings in London and COMEX depositories.Analysis of current managed money and ETF positioning in the gold market.🕒 Timestamps:(0:00) – Introduction(0:56) – Driving factors for gold prices(3:58) – The physical gold market and re-emergent tariffs(9:27) – Managed money and ETF positioning(11:34) – Gold price targets(14:58) – Is the US Dollar weak or strong?(16:55) – How weak Chinese demand will impact us(19:28) – Key takeaways🎧Special Offer for Pod of Gold ListenersABC Bullion Precious Metals Forum 2025 presents, Gold and The New World Order.Bringing together global leaders in the precious metals industry to share insights on the current landscape and future opportunities.With ABC Bullion's General Manager, Jordan Eliseo, as the Master of Ceremonies for the evening, there's also a great line-up of speakers set to include:Jim Rickards: Investment banker, lawyer, economist, New York Times best-selling author and globally renowned precious metal expertNicholas Frappell: Global Head of Institutional Markets at ABC RefineryWayne Bramwell: CEO at Westgold Resources (ASX:WGC)Pod of Gold listeners can get a 20% discount on tickets by using the code PODOFGOLD at checkout. Click here for details.🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the recent geopolitical events in the Middle East, their impact on gold and crude oil markets, and the current state of physical gold demand in Asia-Pacific.Frappell also examines current gold positioning, short and medium-term price targets, and key factors influencing the US dollar and debt landscape. 📆 Recorded on Monday 30th June 2025, this episode explores:Global dynamics shaping the gold marketGold and oil price rally after Iran strikeCurrent managed money gold positioningShort and medium-term gold price targetsKey factors influencing the US dollar and debt landscape. 🕒 Timestamps:(00:00) – Introduction(00:33) – Special offer for Pod of Gold listeners(01:16) – Recent market activity(02:05) – Discussion on Iran-centric events and gold/crude rally(05:04) – Impact on physical gold demand in Asia-Pacific(06:02) – Managed money positioning in gold(07:58) – Short and medium-term gold price targets(10:12) – Analysis of the US Dollar and debt landscape(11:44) – Gold and The New World Order(12:02) – Summary and key takeaways🎧Special Offer for Pod of Gold ListenersABC Bullion Precious Metals Forum 2025 presents, Gold and The New World Order.Bringing together global leaders in the precious metals industry to share insights on the current landscape and future opportunities.With ABC Bullion's General Manager, Jordan Eliseo, as the Master of Ceremonies for the evening, there's also a great line-up of speakers set to include:Jim Rickards: Investment banker, lawyer, economist, New York Times best-selling author and globally renowned precious metal expertNicholas Frappell: Global Head of Institutional Markets at ABC RefineryWayne Bramwell: CEO at Westgold Resources (ASX:WGC)Pod of Gold listeners can get a 20% discount on tickets by using the code PODOFGOLD at checkout. Click here for details.🔗 More Resources:Visit:⁠ https://www.abcrefinery.com/podcast⁠Follow Nick Frappell:⁠ https://twitter.com/nick_frappell⁠Follow Shae Russell:⁠ https://twitter.com/shaearussell⁠

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the persistent strength in gold despite recent volatility and what market signals are saying about the months ahead.📆 Recorded on Tuesday 3rd June 2025, this episode explores:Why the gold price trend remains intact despite recent pullbacksGlobal political risks and shifting perceptions of trade negotiationsHow gold ETFs are benefiting from futures market inefficienciesEvolving market sentiment around US tariffs and inflation risksKey technical levels in gold using Ichimoku Cloud analysis📈 Frappell also examines:Gold and silver managed money positioningThe impact of trade policy on short-term inflation expectationsU.S. debt issuance risks and the signal from rising Japanese bond yieldsThe outlook for the US dollar into the second half of 2025What current Fed commentary is (and isn’t) pricing in🕒 Timestamps:(0:00) – Welcome and what’s driving the gold rally?(3:55) – Physical gold flows and Asian market dynamics(5:41) – Managed money positioning & gold ETFs(7:32) – Technical analysis: Key Ichimoku support/resistance levels(9:04) – Fed policy, inflation risk & bond yields(12:53) – US dollar outlook for the rest of 2025(15:27) – Summary: Key takeaways from today’s market📥 Key Takeaway:Gold's bullish structure remains intact. With inflation fears, tariff risk, and a softer USD on the horizon, gold may have more room to run — especially if market complacency is disrupted.🎧 Don’t forget to subscribe for the next episode, where Nick will break down China’s property market and its implications for gold and global trade.🔗 More Resources:Visit: https://www.abcrefinery.com/podcastFollow Nick Frappell: https://twitter.com/nick_frappellFollow Shae Russell: https://twitter.com/shaearussell—---------------

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks the powerful forces pushing gold above USD $3,000 per ounce — and whether it has further to go.Recorded on Monday, April 14, this episode dives deep into the drivers of the current gold rallyPlus, don’t miss Nick’s sharp commentary on America’s evolving economic policy and its ripple effects across precious metals markets.PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe to Nick’s monthly report for deep technical & macro insights.OUTLINE: Here are the timestamps for the episode. On some podcast players, you should be able to click the timestamp to jump to that time.Timestamps:(0:00) – Introduction(1:30) – The role of tariffs, inflation expectations, and market volatility(3:21) – The fall of the USD and rising bond yields(6:35) – Managed money positioning(11:13) – Short-term price targets for gold, including resistance levels(13:47) – Fed Chair Powell’s comments downplaying inflation concerns(16:47) – Key takeaways

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the Fed's statements after their March meeting and the factors driving the recent surge in gold prices. Recorded on Thursday 20th March, Frappell examines how far above $3,000 per ounce gold can go.Frappell’s analysis delves into what managed money positioning reveals about the current gold rally, exploring the role of short covering and gold ETF flows. He also touches upon the silver market and the significant buying activity observed. The episode further covers technical analysis using the Ichimoku Cloud, highlighting the positive trend for gold. Frappell also discusses short-term gold price targets based on point and figure analysis. The conversation also touches on Fed Chair Powell's recent comments regarding inflation expectations and tariffs . Finally, the episode briefly addresses market pricing of the Fed's future interest rate expectations.PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠OUTLINE: Here are the timestamps for the episode. On some podcast players, you should be able to click the timestamp to jump to that time.Timestamps:(0:00) – Introduction(0:38) – What's driving the current gold rally?(1:11) – Inflation expectations and Powell's comments(3:38) – Managed money positioning in gold(4:50) – Managed money positioning and ETF activity in silver(6:03) – Technical analysis: The Ichimoku Cloud for gold(7:42) – Gold price targets (short-term)(9:26) – The Fed's stance and market expectations for rate cutsTune in to hear expert perspectives on the outlook for gold, the significance of managed money positioning, and the implications of the Fed's recent communication....

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the factors influencing gold markets, recorded on Friday 28th February.Frappell’s analysis examines what managed money reveals about gold; looks at how much longer gold's rally might last; and discusses the international markets, covering the US Gold Reserve Revaluation and China’s property sector.This episode also covers: gold’s technical targets and managed money positioning to the RBA's recent rate cut; the Fed's potential slower pace of rate cutting through 2025; and how these policies may affect gold markets.PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠OUTLINE: Here are the timestamps for the episode. On some podcast players, you should be able to click the timestamp to jump to that time.Timestamps: (0:00) – Introduction (0:35) – Gold's wild ride through uncertainty (3:05) – Chinese regulators allowing Chinese insurance companies to purchase gold (4:55) – United States and their gold reserves (9:05) – What managed money tells us on gold positioning (11:17) – Gold trends through the Ichimoku Cloud (13:53) – Gold price targets (17:18) – RBA's interest rate cuts and their impact (18:24) – The Fed's potential slower pace of rate cutting through 2025 (20:18) – The Japanese Yen (21:39) – China's approach to stabilising its property sectorTune in to hear expert perspectives on the short-term and long-term outlook for gold....

In the first episode of The Pod of Gold for 2025, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down a whirlwind start to the year for gold. Just one month into 2025, gold has already hit two record highs, with the latest peak at $2,830 USD. But what’s driving the price action? The big headline is Trump’s new tariffs, imposed on Canada, Mexico, and China over the weekend. Nicholas explains how these tariffs are impacting gold and silver markets, short-term borrowing rates, and the US dollar. They also explore what this means for inflation, trade, and economic growth as the global economy braces for uncertainty. From gold’s technical targets and managed money positioning to the broader geopolitical and currency implications of a new trade war, this episode unpacks all the critical market movements shaping 2025. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (0:00) – Introduction: Gold’s wild start to 2025 (1:33) – Market Reaction: Short-term borrowing rates and spot market shifts (2:30) – Trump’s Tariffs: The impact on gold, silver, and global trade (5:17) – Gold Spot: All time high. (6:20) – Managed Money Positioning: How traders are adjusting to volatility (7:45) – Gold prices ‘Stronger for longer’ and ‘Fixation on gold reaching US $3,000’. (9:30) – Currency conversation: What are the impacts on gold and currencies during a trade war? Don’t miss this must-listen episode as markets brace for a volatile year ahead!

In the final Pod of Gold episode for 2024, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks a tumultuous year for the gold market and provides a look ahead to 2025. Exploring the latest market movements, including the impact of the proposed Trump tariffs on gold and silver imports, recent shifts in gold’s forward curve, and key technical price levels for the metal. Frappell offers insights into geopolitical developments, from the fall of the Assad regime in Syria to China’s pivot toward fiscal expansion. The discussion also touches on managed money positioning, ETF outflows, and how these factors are shaping the gold market as we close out the year. With forecasts for gold’s targets in 2025 and a recap of pivotal moments from the past year, this episode is packed with expert analysis to wrap up 2024. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (0:00) – Introduction and Gold Market Overview (1:00) – Impact of Trump’s Proposed Tariffs on Gold and Silver Imports (5:15) – Managed Money Positioning and ETF Trends (7:06) – Gold’s Technical Levels and Ichimoku Cloud Analysis (9:00) – Gold’s Targets on Point and Figure (10:30) – Geopolitical Update: Syria and Middle Eastern Uncertainty (12:09) – China’s Fiscal Expansion and Its Global Implications (14:08) – Key Takeaways for Gold Investors in 2025 Special Announcement: We’ll be back with fresh episodes in late January 2025, featuring deep dives into market positioning, geopolitical trends, and new gold forecasts. Until then, we wish all our listeners a joyful holiday season and a prosperous New Year! Don’t miss this insightful wrap-up of the year in gold!

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery discusses the recent "Trump bump" and gold's subdued trading behavior. Dive into managed money positioning and technical analysis using the Ichimoku Cloud, exploring what the charts indicate for gold's future, including the potential for a move beyond $2,700. The discussion shifts to the geopolitical landscape, providing unique insights into Middle Eastern tensions and the renewed prominence of the Assad regime in Syria. As the year winds down, we reflect on key takeaways for gold investors, including the dangers of fixation on specific price targets like $3,000 per ounce.  PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (0:00) – Introduction and Overview (1:24) – Recap of recent gold moves (3:34) – Managed Money Positioning (7:17) – Gold Targets (8:54) – $3,000 for gold? (10:08) – Global tensions on the precious metals price (15:28) – Key takeaways

In this special episode of The Pod of Gold, recorded live at IMARC Sydney 2024 Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery dives into key predictions, including his previous forecast for gold’s climb to $2,780, which has now come to fruition. Frappell examines new price targets for gold, including technical levels of $2,808 and a more distant possibility of $3,500. Plus, the hot topic of de-dollarization and discuss how China’s economic structure shapes its dollar dependence. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (0:00) – Introduction and Overview (0:30) – Revisiting Last Year’s Predictions and Gold’s Climb to $2,780 (1:49) – New Price Targets: $2,809 and Long-Term Outlook (3:22) – U.S. Elections and Their Impact on Market Volatility (4:29) – Central Bank Buying Trends and Insights from UK Gold Exports (6:48) – China’s Economic Slowdown: Impact on Global Gold Demand (10:09) – The De-Dollarization Debate and Future of Reserve Currencies (16:45) - Geopolitical Risk in the Middle East and Its Influence on Gold (22:27) – Closing Remarks and Preview of Election Insights

In this episode of The Pod of Gold Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down the recent market movements and gold’s volatile reaction to U.S. employment data. Frappell explores how the latest non-farm payroll numbers have sparked speculation around the Fed's next move and what it means for gold prices in the coming months. Also discussed in this episode is the growing geopolitical tensions in the Middle East and how they could further support the gold price. Frappell provides insights into the latest managed money positioning, as well as technical analysis using the Ichimoku Cloud and other indicators. Tune in for an expert take on where gold may be headed next and what data surprises could impact the markets. PODCAST INFO: ABC Refinery website: ⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠ Nicholas Frappell: ⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠ OUTLINE: Here are the timestamps for the episode. On some podcast players, you should be able to click the timestamp to jump to that time. Timestamps: (0:00) – Introduction (0:15) – Gold's Recent Market Behaviour (0:55) – US Employment Data and Gold’s Reaction (7:14) – Managed Money Positioning in Gold (8:24) – Technical Analysis: Ichimoku Cloud and Price Targets (11:30) – Gold’s Outlook for the Remainder of the Year

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down the factors driving gold's remarkable surge past US$2,600. Recorded on Friday, 20th September 2024, Frappell discusses the Federal Reserve’s unexpected 50 basis point rate cut and its impact on the markets, along with the evolving monetary policies from Japan and how they influence global gold trends. He provides a detailed analysis of gold’s technical outlook using the Ichimoku Cloud and Point and Figure charts, offering insights into where gold may be heading next. Also touched on is China's economic slowdown and its implications for demand. Tune in to hear expert perspectives on the short-term and long-term outlook for gold in these unprecedented times. PODCAST INFO:  ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE:  Here are the timestamps for the episode. On some podcast players, you should be able to click the timestamp to jump to that time. Timestamps: (0:00) – Introduction (1:03) – Fed’s 50 basis point rate cut and its impact (8:00) – Gold surpasses US$2,600: What’s next? (11:10) – Is gold going higher? (16:39) – China’s economic slowdown and its effect on gold (22:35) – Japan's monetary policy outlook (25:57) – Australian Dollar and RBA dynamics (29:51) – Key takeaways and closing remarks (31:55) – Continue sending in your questions Tune in now for deep insights into gold, central banks, and the evolving global economy!

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, discusses gold's recent surge past the $2500 mark.  Nick explores the factors behind this psychological milestone, including shifts in U.S. rate expectations and the ongoing influence of central bank policies. Nicholas also delves into the impact of China’s economic stagnation on gold demand and the surprising dynamics between fast and slow money in the market. The episode wraps up with a look at the Australian dollar's unusual divergence from iron ore prices and what this means for future rate cuts by the Reserve Bank of Australia. Tune in to gain insights into the current state of the gold market, the macroeconomic influences at play, and what could be on the horizon for both gold and currency markets. PODCAST INFO:  ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here are the timestamps for the episode. On some podcast players, you should be able to click the timestamp to jump to that time. Timestamps: (0:00) – Introduction (0:35) – Gold Surpasses $2500: Key Drivers (1:13) – U.S. Rate Expectations and Their Impact (2:55) – Gold Positioning: Fast vs. Slow Money (6:54) – Technical Analysis: Ichimoku Cloud (9:22) – Medium term gold targets (11:33) – The Stagnation in China and Its Implications (22:45) – Australian Dollar vs. Iron Ore: A New Disconnect (26:43) – Key Takeaways and Closing Remarks

In this episode of The Pod of Gold, host Shae Russell and Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, delve into the recent market volatility and its impact on gold. They discuss the factors driving recent market events, including significant changes in non-farm payrolls and the Bank of Japan's rate hike. Nicholas provides a detailed analysis of gold's performance, technical indicators like the Ichimoku Cloud and Point and Figure charts, and the broader macroeconomic influences affecting gold prices. Tune in to gain insights into the short-term downside and long-term upside potential for gold amidst the current market upheaval. PODCAST INFO:  ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.  Timestamps:  - (0:00) – Introduction - (2:30) – Market Recap - (5:45) – Gold's Recent Performance - (9:15) – Gold Positioning and Indicators - (13:30) – Technical Analysis: Ichimoku Cloud - (17:00) – Point and Figure Charting - (21:45) – Macro Influences on Gold - (26:15) – Japan's Economic Policy - (30:45) – Key takeaways

In this episode, Nicholas Frappell and Shae Russell delve into gold's recent consolidation, the impact of a strong dollar on Asian currencies, and the effects of market narratives on the yellow metal. They also explore the implications of US non-farm payrolls, China's pause on gold purchases, and the ongoing expectations around Fed rate cuts. Finally, they touch on Japan's economic policies and the broader implications for global markets. PODCAST INFO:  ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.  Timestamps:  - (0:00) – Intro - (1:06) – Gold's Consolidation - (3:16) – Market Positioning and Data - (5:00) – Fed Rate Expectations - (7:00) – Official Sector Gold Buying - (9:09) – Japan's Economic Policies - (14:18) – Emerging Stresses in Asian Currencies - (17:08) – Price Targets for Gold - (18:55) – Key takeaways

In this episode, Nicholas Frappell discusses: Gold cooling from recent rally, Fed sticking with higher for longer, Managed Money is positive on gold, Bullish targets for silver, and is US$2,600 possible? PODCAST INFO:  ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.  Timestamps:  - (0:00) – Intro - (0:48) – What is driving the gold price rise? - (5:51) – Managed money in this rally - (9:01) – Bullish targets for silver - (16:26) – Gold price targets - (18:13) – Is US$2,600 possible? - (23:24) – Key takeaways

Record at the RIU Resources Round-up: In this episode, Nicolas Frappell unravels the complexities of global currencies and their relation to gold’s current rally, the nuances of the Federal Reserve’s anticipated rate cuts and how these continue to influence gold. (1:40) – Myths around the gold market (7:00) – How much of the rally is Chinese gold buying? (13:00) – China’s proportion of US dollars hasn't changed (16:22) – Young women are increasingly buying gold (20:22) – Options pricing remains magnetic (26:52) – Key message

In this episode, Nicholas Frappell covers gold's recent move south and the ongoing impact of open interest.  PODCAST INFO:  ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.  Timestamps:  (1:31) – Macro forces driving gold down  (5:36) – Impacts of the SHFE gold contracts  (8:20) – Markets jump at shadows over potential Fed moves  (12:10) – Positive outlook for the DXY  (17:01) – Fast money versus slow money  (21:43) – One downside target…but large amount of open interest at US$2,500  (25:05) – Key takeaways: Market embracing ‘higher for longer’. 

In this episode, Nicholas Frappell dives into the current drivers behind gold's recent rise, the magnetic pricing effect of open interest and why “2332” is the most important number to watch for April. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (1:27) – Fed suggests they will cut rates, gold leaps (6:09) – Broader macro forces behind gold (8:25) – Bank of Japan and yield curve control (15:40) – Fast money leads the market (19:58) – Slow money still lags (21:58) – Why gold will cluster around US$2,332 (26:35) – Physical gold demand remains strong

In this episode, Nicholas Frappell discusses the several factors driving gold higher and, where gold may land next and future potential impacts on the yellow metal’s price. Join us as we delve into these topics and more, offering insights and analysis on gold's macro position and what the future may hold. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (0:00) – Intro (0:49) – What is driving the gold price rally? (4:44) – Geopolitical events impacting gold (6:48) – Gold price targets (8:49) – Gold managed money positions (12:15) – Gold ETF data (18:30) – Has new support formed for gold? (20:59) – Key takeaways

In this episode Nicholas Frappell puts forward to very bullish long term price targets, he covers why one economist warns rates may not go in the direction people are hoping for and perhaps we have reached peak China doom. Join us as we delve into these topics and more, offering insights and analysis on gold's macro position and what the future may hold. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (1:43) – The market machine versus the Fed (3:25) – We still have a positive dollar environment (6:05) – Short term gold price targets (8:55) – Managed money positioning (11:10) – Option strikes for gold remain magnetic (12:30) – Could gold move to US$2,500 per ounce? (17:59) – Australian rate decisions ‘the canary in the coal mine’ (21:27) – Chinese market intervention blunts market price discovery

In this episode of The Pod of Gold, Nicholas Frappell discusses the potentially magnetic pricing of gold options, the unforeseen risks of Evergrande winding up and he analyses the continued divergence between the Federal Reserve and market rate cut expectations. Join us as we delve into these topics and more, offering insights and analysis on gold's macro position and what the future may hold. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (0:52) What's driving gold prices (1:56) Are rate cuts coming? (6:56) Managed markets on gold (8:38) Evergrande (12:53) US Dollar (14:55) Gold price targets (17:07) Bank of Japan (20:02) Key takeaways

In this episode of The Pod of Gold, Nicholas Frappell discusses the factors contributing to the strength of gold in 2024, including increasing geopolitical tensions, market responses to potential rate cuts, and China's attempt to mobilise 2 Trillion Yuan. Join us as we delve into these topics and more, offering insights and analysis on gold's macro position and what the future may hold. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (0:40) What is keeping gold elevated (3:50) Gold's macro position (7:00) Gold & Geopolitics (10:20) Gold price points (14:46) A bullish setup for gold (16:24) China's stimulus package (21:10) Summary for 2024 (24:15) Forward looking predictions (25:03) The Pod of Gold - Top 5 gold podcast worldwide

In this episode, Nicholas Frappell discusses gold’s current bullish set up, the ongoing disconnect between the markets and Federal Reserve Bank comment, the seasonal effects on gold and how real rates are still the main driver for gold.   PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. Timestamps: (0:55) Au reacts to US jobs data (3:36) The ongoing disconnect between the Fed and the markets (8:40) Managed money positioning (14:09) Technical price points for gold (18:31) DXY cycle continues (23:11) The BoJ gets one chance to exit YCC (25:33) OPEC struggles to put a floor under oil prices (30:25) The implicit miss pricing of risk in the Chinese property sector

In this episode Nicholas Frappell covers the gold’s all time high, price retreat and what targets to look for as the price settles. Why the US data released later this week will determine the outlook going into 2024 and what the Taylor Rule says about the Federal Reserve Bank’s current rate settings. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) – Intro (0:55) – Gold hits a high (1:20) – What drove gold higher (4:25) – The data driving the gold price (6:02) – Gold managed money positioning (9:00) – Strong rotation into gold (10:42) – Gold's next price levels (P&F) (13:30) – Technical setup for gold (15:02) – Are rate cuts coming? (19:43) – Bullish on gold

In this week's Pod of Gold episode, Nicholas Frappell covers gold’s potential double top, the exuberance behind the recent bond rally and has the Fed reached its terminal rate? PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) – Intro (1:20) – How likely is a Fed rate cut? (3:43) – Gold jumping to US$2000/oz? (6:28) – Geopolitical vulnerabilities (7:11) – Gold's war premium (8:08) – How is managed money buying gold? (13:27) – Gold on the Ichimoku cloud (16:09) – Gold Point and Figure (17:44) – Gold Upside Targets (18:09) – Will the Fed Pause? (22:56) – RBA joining global tightening. (26:38) – Key takeaways from this week

In this week's Pod of Gold episode, Nicholas Frappell discusses the ‘war premium’ versus gold’s fair value, geographic threats around the Saudi peninsula, and how the ongoing Israel-Palestine conflict will impact gold prices going forward. Recorded at the International Mining and Resources Conference (IMARC) PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) – Intro (0:35) – Gold technical price targets (1:30) – Downside targets (2:09) – Gold's move higher (4:05) – Is gold adjusting to the conflict? (6:54) – What is gold's fair value? (9:45) – How the conflict is impacting gold (12:58) – Unlikely to see a rapid fall in gold (14:24) – Managed money agnostic on gold (16:00) – Key takeaways from the LBMA conference (18:15) – Key takeaways from this episode

In this episode Nick Frappell discusses why gold's recent drop is the market accepting rates will be 'high for longer', why the Aussie dollar will remain under pressure for the foreseeable future and where gold might head to next. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) – Intro (0:38) – A correction from last week (2:03) – Gold's recent price moves (9:50) – Gold price targets (13:23) – Interest rate picture ahead (18:45) – Silver discussion (21:07) – Interest rate targets (23:33) – Aussie dollar discussion (28:20) - Chinese property sector weighing on the Aussie dollar (31:44) - Key takeaways

In this episode we discuss the short term road blocks for gold and why silver still has room to run higher. We cover what the Fed will do between now December and take a look at the why 10yr Treasury divestment is really about the negative carry trade. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:55) – Spot gold bounces off US$1,904 (4:05) – Au trapped ahead of two major central bank meetings this week (9:01) – Key price targets for gold (11:57) – Silver: The industrial metal with constrained supply (16:41) – Managed Money is neutral on silver (18:20) – Has the US dollar rally played out? (22:33) – The cost of defending the Yuan (26:35) – Negative carry trade drives selling of US 10yr Treasuries

Recorded live at the Australian Gold Conference, Gold rallies but Managed Money isn't bullish, yet there's plenty of upside ahead for the yellow metal. Don't be too bearish on China just yet, the trade looks crowded and could surprise you. Plus Bank of Japan's yield curve control and how much lower will the Aussie dollar fall? PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠ Jordan Eliseo: ⁠⁠https://twitter.com/jordaneliseo⁠⁠ Shae Russell: ⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:50) – US dollar rolls off (2:58) – Managed money isn’t bullish on the yellow metal (4:14) – Multiple upside targets remain for gold (7:12) – Journalist coverage suggest rate cuts are coming… (8:37) - …but you should believe Powell (9:29) - Betting against China could be a crowded trade (13:40) – Consumption is trending down and it’s been happening for a long time (17:57) – Chinese Communist Party likely to opt for micro support over the ‘big bazooka’ of stimulus (22:38) – Aussie dollar is down, but support looks reasonable

Today we welcome special guest Jordan Eliseo, General Manager of ABC Bullion Australia to discuss the best gold event of 2023, what caused the gold price to pop higher and the technical indicators pointing to an uptrend in gold. Plus! secure your ticket to ABC Bullion’s Precious Metals Forum 2023 ‘Gold & The Roaring 20s’ https://www.eventbrite.com.au/e/abc-bullion-precious-metals-forum-tuesday-22nd-august-ivy-ballroom-6pm-tickets-662647234717 Use code: PODOFGOLD for 20% off your ticket at checkout PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠ Jordan Eliseo: https://twitter.com/jordaneliseo Shae Russell: ⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) – Intro (0:44) – Gold in the roaring 20s (3:44) – Precious metals forum preview (6:26) – Factors pushing the gold price higher (8:57) – Retail sentiment of gold buyers (11:10) – Gold in a positive uptrend (13:25) – Gold price predictions for year end (14:47) – Why this is an unmissable precious metals event (15:43) – Key insights into precious metals (16:50) - Getting to know Jordan Eliseo & Nick Frappell (18:06) - How to join us at ABC Bullion's Precious Metals Forum 2023

Today we discuss gold’s moves ahead of The Fed's July meeting, ANZ Bank's forecast on the Silver market entering a period of tightness unseen for decades, and key targets to watch for the Aussie dollar. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠ Apple Podcasts: ⁠⁠⁠⁠https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488⁠⁠⁠⁠ Spotify: ⁠⁠⁠⁠https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb⁠⁠⁠⁠ RSS: ⁠⁠⁠⁠https://anchor.fm/s/66995438/podcast/rss⁠⁠⁠⁠ Nick Frappell: ⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠ Shae Russell: ⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) – Intro (0:56) – Gold technical position (5:09) – Managed money positioning (8:21) – Short term price targets (9:34) – Japan data analysis (11:35) – ANZ Bank report - Silver demand to increase (17:17) – Australian Dollar targets (24:13) – Long term forecast for Gold (25:25) – Key takeaways

Today we discuss gold’s recent dip to US$1,923, how investor interest is neither bullish nor bearish and we take a deep look at past exits from yield curve control and what pitfalls the Bank of Japan may face if they try to normalise policy. PODCAST INFO: ABC Refinery website: ⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠ Apple Podcasts: ⁠⁠⁠https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488⁠⁠⁠ Spotify: ⁠⁠⁠https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb⁠⁠⁠ RSS: ⁠⁠⁠https://anchor.fm/s/66995438/podcast/rss⁠⁠⁠ Nick Frappell: ⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠ Shae Russell: ⁠⁠⁠https://twitter.com/shaearussell⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (1:00) – Nick warned of gold's dip to US$1,923 last podcast (2:39) – Spot gold hasn’t been too reactive to Russian events, though it may have provided support (4:57) – Technical positioning (6:24) – Short term bearish, long term bullish (8:15) – Key Fibonacci level could provide support (10:59) – Lessons from yield curve control exits (12:57) – The Bank of Japan is on track for the good kind of inflation (14:06) – BoJ would be aware of potential consequences after nine years of policy (16:58) – US implemented YCC from 1942 to 1951 (19:01) – Reserve Bank of Australia’s exit tarnished its credibility (21:58) – BoJ only central bank in the world in possession of every 2nd government bond issued (23:11) – The prize of normalisation versus the risks of spillover effects (24:02) – A grey swan event…and what is the most pressing risk

In this episode The Federal Reserve Bank pauses but assures the market there’s more hikes to come, the Aussie dollar hits its stride but does it have staying payer? Silver’s price moves remain tied to China’s slow moving economy and we have some very bullish price targets for gold. Recorded at the Mines and Money Conference Melbourne - https://minesandmoney.com/melbourne/ PODCAST INFO: ABC Refinery website: ⁠⁠https://www.abcrefinery.com/podcast⁠⁠ Apple Podcasts: ⁠⁠https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488⁠⁠ Spotify: ⁠⁠https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb⁠⁠ RSS: ⁠⁠https://anchor.fm/s/66995438/podcast/rss⁠⁠ Nick Frappell: ⁠⁠https://twitter.com/nick_frappell⁠⁠ Shae Russell: ⁠⁠https://twitter.com/shaearussell⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) - Intro (0:28) - Gold technical price (3:19) - Support for the Gold price (5:18) - News on Silver (6:30) - The Fed Decision (11:13) - The Australian Dollar (18:36) - Key takeaways from Mines and Money conference (21:31) - Long term forecasts (24:33) - Outro

In this episode we look at the reason’s behind gold’s pivot from 2075 back into the 1940s, how the markets appear to be pricing in a smooth debt ceiling negotiating, and what’s causing the Aussie dollar to fall. PODCAST INFO: ABC Refinery website: ⁠⁠https://www.abcrefinery.com/podcast⁠⁠ Apple Podcasts: ⁠⁠https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488⁠⁠ Spotify: ⁠⁠https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb⁠⁠ RSS: ⁠⁠https://anchor.fm/s/66995438/podcast/rss⁠⁠ Nick Frappell: ⁠⁠https://twitter.com/nick_frappell⁠⁠ Shae Russell: ⁠⁠https://twitter.com/shaearussell⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) - Intro (0:40) - What's driving gold's downward trend? (2:25) - The bullish case for gold (4:26) - The debt ceiling issue (5:33) - Managed money positioning (8:31) - The Aussie dollar falling (12:51) - Targets for the Aussie dollar (14:21) - Outro

In this episode we look at the ‘powerful macro themes and powerful macro risks’ providing support for gold, how US loan officers are tightening lending conditions in spite of some quantitative easing attempts and why gold could reach US$2,500. PODCAST INFO: ABC Refinery website: ⁠⁠https://www.abcrefinery.com/podcast⁠⁠ Apple Podcasts: ⁠⁠https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488⁠⁠ Spotify: ⁠⁠https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb⁠⁠ RSS: ⁠⁠https://anchor.fm/s/66995438/podcast/rss⁠⁠ Nick Frappell: ⁠⁠https://twitter.com/nick_frappell⁠⁠ Shae Russell: ⁠⁠https://twitter.com/shaearussell⁠ OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. · (1:18) – Key drivers supporting spot gold. · (2:27) – Why central banks increased their gold positions in 2022. · (6:07) – Fed offers a form of QE… · (9:30) – …which butts up against QT as senior loan officers tighten lending conditions. · (11:26) – Applying Taylor Rule: rates not as tight as the market thinks. · (15:32) – US economy still runs a little hot. · (17:44) – Financial system more leveraged than the past, impacting rate increases. · (18:29) – The US debt ceiling could be a ‘grey swan’ event. · (21:35) – An unresolved debt ceiling is ‘not impossible, but unthinkable’. · (23:26) – Bank of Japan yield curve control. · (27:22) – Nick overtly bullish on gold.

In this episode we look at what is keeping gold at US$2,000 per ounce and how big bar demand is increasing despite the elevated price. We discuss managed money’s pivot into gold, how silver’s is riding both gold and copper’s coattails, and why the Fed’s higher for longer rate narrative is about to end. PODCAST INFO: ABC Refinery website: ⁠https://www.abcrefinery.com/podcast⁠ Apple Podcasts: ⁠https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488⁠ Spotify: ⁠https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb⁠ RSS: ⁠https://anchor.fm/s/66995438/podcast/rss⁠ Nick Frappell: ⁠https://twitter.com/nick_frappell⁠ Shae Russell: ⁠https://twitter.com/shaearussell OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (1:00) – Gold has moved above past resistance (5:48) – Managed Money pivots into gold  (8:53) – Asian physical demand softens while gold is elevated (10:46) – A degree of consolidation within the rising gold trend  (14:03) – Understanding Powell’s preferred measure T-Bill metric (19:43) – Futures market indicates higher terminal rate for the Aussie dollar (23:21) – Aussie dollar to face resistance around 69 US cents  (27:50) – Silver rides gold coattails higher (34:10) – Copper’s strength also supports silver (36:55) – Poll: Will gold mount a successful challenge to the 'double top' level?

In this episode we analyse why gold has fallen back from its peak despite recent US banks collapsing, we look at the reasons behind the Fed rate hike and why banks will be forced to raise rates, leading to more pressure this tightening cycle. Time Stamps     1:00 – The gold trade isn’t crowded despite gold’s run 3:55 – Traders didn’t want to be short gold with the swirl of news flow    5:25 – Au lost momentum at US$2,000, support remains above US$1,900 10:45 – Litigation in the pipeline          12:10 – Substantial short covering in silver 15:55 – The Fed couldn’t increase rates by 0.50%…but they couldn’t do nothing either 25:55 – Tightening isn’t just being driven by the Fed 26:30 – International outlook weighs on Aussie dollar 29:22 – Gold and the global economy over 2023

In today’s episode we look at the upcoming FOMC in March and discuss the mismatch between narrative and the futures market when it comes to what the Fed will do next. Nick dissects China’s recent National Party Congress, what the GDP expectations China has put forward mean and the hints which suggest China is looking to internalise consumption. Plus, as gold continues to hug the US$1,850s level, Nick casts his technical lens over the price targets that matter right now and why the US$1,800 level looks supportive. PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Apple Podcasts: https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488 Spotify: https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb RSS: https://anchor.fm/s/66995438/podcast/rss Nick Frappell: https://twitter.com/nick_frappell Shae Russell: https://twitter.com/shaearussell OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (1:21) – Gold rally lost steam at a key Fibonacci level (4:58) – Targets to watch for with gold in the US$1,800 range (7.20) – Silver sees an increase in shorts (10:05) – Silver reacts to China’s economic reopening (12:36) – The Fed are facing a two-speed economy (14:50) – Will “higher for longer” be relevant after this week’s data dump? (19:06) – Breaking down China’s National Party Congress (21:54) – The Aussie dollar’s down move in an aggressive hiking cycle (25:21) – Key takeaways Link to last episode "What lies above US$2,075 for gold?"  https://open.spotify.com/episode/5htibKWKC3dOwIBMvA60dg

In this episode of The Pod of Gold, Nick Frappell & Shae Russell discuss why central banks increased their gold position in 2022, why the Federal Reserve Bank may hike a few more times and a key multiyear gold price target to watch. PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Apple Podcasts: https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488 Spotify: https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb RSS: https://anchor.fm/s/66995438/podcast/rss Nick Frappell: https://twitter.com/nick_frappell Shae Russell: https://twitter.com/shaearussell OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) - Intro (1:08) – Managed money positing for gold. (4:34) – Is silver giving us an industrial take or a precious metals take on the world? (8:50) – Higher rates aren’t bad for gold in isolation. (14:30) – Can there be an orderly exit from yield curve control? (15:31) – Markets still guessing the Fed’s terminal rate. (19:00) ­– Central bank policy is disconnected from Taylor Rule. (21:02) – Is a 50-basis point increase from the Fed on the cards? (22:13) – Central banks increasing their gold position is about portfolio rebalancing, not de-dollarization. (26:51) – Key price target for gold above US$2,075 (31:44) – Silver sits on support right now.