The bulls push silver higher while gold holds ahead of Fed
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In this episode we discuss the short term road blocks for gold and why silver still has room to run higher. We cover what the Fed will do between now December and take a look at the why 10yr Treasury divestment is really about the negative carry trade. PODCAST INFO: ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠ 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. (0:55) – Spot gold bounces off US$1,904 (4:05) – Au trapped ahead of two major central bank meetings this week (9:01) – Key price targets for gold (11:57) – Silver: The industrial metal with constrained supply (16:41) – Managed Money is neutral on silver (18:20) – Has the US dollar rally played out? (22:33) – The cost of defending the Yuan (26:35) – Negative carry trade drives selling of US 10yr Treasuries
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