What lies above US$2,075 for gold...plus Fed still looks to hike, markets to remain volatile and silver’s duality.
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Description
In this episode of The Pod of Gold, Nick Frappell & Shae Russell discuss why central banks increased their gold position in 2022, why the Federal Reserve Bank may hike a few more times and a key multiyear gold price target to watch. PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Apple Podcasts: https://podcasts.apple.com/us/podcast/the-pod-of-gold/id1592958488 Spotify: https://open.spotify.com/show/1WCw03OP7dsWJFrGR2l5Zb RSS: https://anchor.fm/s/66995438/podcast/rss Nick Frappell: https://twitter.com/nick_frappell Shae Russell: https://twitter.com/shaearussell OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (0:00) - Intro (1:08) – Managed money positing for gold. (4:34) – Is silver giving us an industrial take or a precious metals take on the world? (8:50) – Higher rates aren’t bad for gold in isolation. (14:30) – Can there be an orderly exit from yield curve control? (15:31) – Markets still guessing the Fed’s terminal rate. (19:00) ­– Central bank policy is disconnected from Taylor Rule. (21:02) – Is a 50-basis point increase from the Fed on the cards? (22:13) – Central banks increasing their gold position is about portfolio rebalancing, not de-dollarization. (26:51) – Key price target for gold above US$2,075 (31:44) – Silver sits on support right now.
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