• Could gold reach US$2,500 this year?

  • Apr 29 2024
  • Duración: 29 m
  • Podcast

Could gold reach US$2,500 this year?  Por  arte de portada

Could gold reach US$2,500 this year?

  • Resumen

  • 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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