Could gold reach US$2,500 this year?
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Description
In this episode, Nicholas Frappell covers gold's recent move south and the ongoing impact of open interest.  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.  Timestamps:  (1:31) – Macro forces driving gold down  (5:36) – Impacts of the SHFE gold contracts  (8:20) – Markets jump at shadows over potential Fed moves  (12:10) – Positive outlook for the DXY  (17:01) – Fast money versus slow money  (21:43) – One downside target…but large amount of open interest at US$2,500  (25:05) – Key takeaways: Market embracing ‘higher for longer’. 
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