Gold holds, Fed stays on course and China blinks
Listen now
Description
In this episode of The Pod of Gold, Nick Frappell & Shae Russell discuss the confluence of Fibonacci levels in gold, the duality of views coming from the Federal Reserve Bank, and what Dr copper can tell us about silver. Time Stamps: · 1:06 – Gold closes above the weekly cloud · 5:16 – Spot gold and the confluence of Fibonacci levels · 8:19 – Point n Figure suggests there’s room for gold to reach US$1,900s · 9:58 – Shorts are driving silver but for how much longer? · 14:10 – The duality of views around Fed policy · 19:00 – Highly indebted financial systems mean ‘you don’t have to do as much’ · 20:34 – Copper is falling with Chinese economic data, taking silver with it · 23:14 – 15 basis points won’t solve China’s property woes · 26:36 – Australian dollar falls to where Nick said it would · 28:30 – Key takeaways · Episode 16 can be found here: https://anchor.fm/pod-of-gold/episodes/How-much-longer-can-the-US-dollar-rally-last-e1htqoh 
More Episodes
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:...
Published 05/29/24
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...
Published 05/12/24