Gold and silver react to Fed’s rate rise
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Description
In this episode of The Pod of Gold, Nick Frappell & Shae Russell discuss the dovish interpretation of the Fed’s July meeting and what that means for gold, why the Australian dollar is still under pressure, and if the Chinese property woes are a contagion event or if the CCP have the problem contained. · 0:00 – Intro · 0:37 – Diggers & Dealers in Kalgoorlie · 1:50 – Federal Reserve raises rates by 75 basis points · 2:20 – Managed money gold positioning increased very slightly · 4:15 – Gold ETFs slightly declined · 4:30 – Gold Ichimoku pauses at a turning point of 1780 · 5:45 – Silver rallies through substantial shorts in the silver market · 9:10 – The silver price to look out for · 10:58 – Macro outlook for gold on the back of Fed comments · 15:59 – How Nanci Pelosi’s trip to Taiwan caused the gold price to move · 17:34 – Reserve Bank of Australia increases interest rates as the Australian dollar continues to weaken – Will it fall further? · 22:19 – Are the Chinese property problems a contagion or are they contained? · 29:00 – China's economy could be dragged down by loss of confidence in property sector · 31:22 – Dr Dambisa Moyo’s keynote speech on how you need to be process driven to thrive in instability and chaos · 33:38 – Outro
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