Fed sticks to their plan as the gold price falls
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Description
In this episode of The Pod of Gold, Nick Frappell & Shae Russell discuss the tilt of positioning in gold, some bullish price targets for silver and why the Fed didn’t want to spook the market. Plus, we have an update on China’s property sector, as well as a look at the LME’s day of reckoning last week. Time Stamps: · 0.57 – Why gold is difficult to trade during news flow · 3.10 - Managed Money positioning · 7.01 – Candle hints at gold price reversal, Ichimoku cloud confirms it · 8.06 – ‘Silver can and will do anything it wants’ · 10.25 – Downside targets for silver, but still in an uptrend · 12.02 – FOMC increases rates - what does the tightening cycle look like? · 16.00 – China’s property problems are not going away · 19.30 – LME’s day of reckoning
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