Central bankers in Jackson Hole continue aggressive tightening moves
Listen now
Description
In this episode of The Pod of Gold, Nick Frappell & Shae Russell discuss how gold failed to move up through a key indicator, how silver appears to have decoupled from copper, and why a once in a decade US dollar rally can trigger a crisis somewhere else. · 0:00 – Intro · 0:46 – Managed money gold long and short position update · 2:40 - Worldwide gold ETFs drop further · 3:45 - Gold failed to get up through the daily Ichimoku cloud · 5:37 - Top central bankers deliver hawkish message at Jackson Hole · 9:02 – U.S. Dollar Index (DXY) resting near historical highs · 10:22 - A once in a decade dollar rally often creates a crisis somewhere else · 11:04 – The ECB is engaging in a more aggressive tightening move · 11:59 – Terminal rate forecast are tilted to the upside 3.75-4% · 14:35 – Is there a rebound in silver’s future? · 17:41 - Copper and silver are sending different signals for now · 18:55 – An important week of data to watch · 19:27 – US non-farm payroll expectations · 21:03 – There are some things out of the central banks’ control · 22:41 – Australian dollar remains on the defensive · 24:00 – A tighter rate environment worldwide will lead to a shrinking demand for Aussie exports · 25:31 – Key takeaway for today’s Pod of Gold podcast · 27:12 - Outro
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