When it comes to gold, in the end it’s still a rates market In this episode of The Pod of Gold, Nick Frappell & Shae Russell discuss the Fed’s ongoing battle with inflation, the critical importance of energy security, and what’s really driving the gold price. 0:00 – Intro 0:41 – Managed money’s gold positioning leading up to the FOMC meeting 2:43 – Gold ETF positioning sees approx. 1 million ounces in outflows 3:04 – Point n Figure suggests gold could fall to US$1,645 5:18 – Gold likely to remain range bound 6:23 – Silver holds onto recent rally as short positions declines 10:49 – Expect the Fed to keep interest rates higher for longer to ‘vanquish’ inflation 13:06 – The central bank divergence continues between Fed and Japan 15:04 – Putin under pressure drives a short-lived spot gold rally 18:15 – Europe in for a tough decision around energy security coming into winter 26:26 – Key takeaways 27:30 – Charlie Morris fair valuation of gold - https://terminal.bytetree.com/gold/valuation