In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the recent geopolitical events in the Middle East, their impact on gold and crude oil markets, and the current state of physical gold demand in Asia-Pacific. Frappell also examines current gold positioning, short and medium-term price targets, and key factors influencing the US dollar and debt landscape. 📆 Recorded on Monday 30th June 2025 , this episode explores: Global dynamic...
Jun 30, 2025•15 min
In this episode of The Pod of Gold , Nicholas Frappell , Global Head of Institutional Markets at ABC Refinery , analyses the persistent strength in gold despite recent volatility and what market signals are saying about the months ahead. 📆 Recorded on Tuesday 3rd June 2025 , this episode explores: Why the gold price trend remains intact despite recent pullbacks Global political risks and shifting perceptions of trade negotiations How gold ETFs are benefiting from futures market inefficiencies E...
Jun 04, 2025•18 min
In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks the powerful forces pushing gold above USD $3,000 per ounce — and whether it has further to go. Recorded on Monday, April 14 , this episode dives deep into the drivers of the current gold rally Plus, don’t miss Nick’s sharp commentary on America’s evolving economic policy and its ripple effects across precious metals markets. PODCAST INFO: ABC Refinery website: ...
Apr 15, 2025•20 min
In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the Fed's statements after their March meeting and the factors driving the recent surge in gold prices. Recorded on Thursday 20th March, Frappell examines how far above $3,000 per ounce gold can go. Frappell’s analysis delves into what managed money positioning reveals about the current gold rally, exploring the role of short covering and gold ETF flows. He also touches upon the ...
Mar 21, 2025•12 min
In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the factors influencing gold markets, recorded on Friday 28th February. Frappell’s analysis examines what managed money reveals about gold; looks at how much longer gold's rally might last; and discusses the international markets, covering the US Gold Reserve Revaluation and China’s property sector. This episode also covers: gold’s technical targets and managed money positioning ...
Mar 02, 2025•25 min
In the first episode of The Pod of Gold for 2025, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down a whirlwind start to the year for gold. Just one month into 2025, gold has already hit two record highs, with the latest peak at $2,830 USD . But what’s driving the price action? The big headline is Trump’s new tariffs , imposed on Canada, Mexico, and China over the weekend. Nicholas explains how these tariffs are impacting gold and silver markets, short-term bor...
Feb 05, 2025•14 min
In the final Pod of Gold episode for 2024, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks a tumultuous year for the gold market and provides a look ahead to 2025. Exploring the latest market movements, including the impact of the proposed Trump tariffs on gold and silver imports, recent shifts in gold’s forward curve, and key technical price levels for the metal. Frappell offers insights into geopolitical developments, from the fall of the Assad regime in Syria ...
Dec 19, 2024•15 min
In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery discusses the recent "Trump bump" and gold's subdued trading behavior. Dive into managed money positioning and technical analysis using the Ichimoku Cloud, exploring what the charts indicate for gold's future, including the potential for a move beyond $2,700. The discussion shifts to the geopolitical landscape, providing unique insights into Middle Eastern tensions and the renewed prominen...
Dec 06, 2024•19 min
In this special episode of The Pod of Gold, recorded live at IMARC Sydney 2024 Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery dives into key predictions, including his previous forecast for gold’s climb to $2,780, which has now come to fruition. Frappell examines new price targets for gold, including technical levels of $2,808 and a more distant possibility of $3,500. Plus, the hot topic of de-dollarization and discuss how China’s economic structure shapes its dollar dep...
Nov 07, 2024•24 min
In this episode of The Pod of Gold Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down the recent market movements and gold’s volatile reaction to U.S. employment data. Frappell explores how the latest non-farm payroll numbers have sparked speculation around the Fed's next move and what it means for gold prices in the coming months. Also discussed in this episode is the growing geopolitical tensions in the Middle East and how they could further support the gold p...
Oct 09, 2024•14 min
In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down the factors driving gold's remarkable surge past US$2,600. Recorded on Friday, 20th September 2024, Frappell discusses the Federal Reserve’s unexpected 50 basis point rate cut and its impact on the markets, along with the evolving monetary policies from Japan and how they influence global gold trends. He provides a detailed analysis of gold’s technical outlook using the Ichimo...
Sep 24, 2024•33 min
In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, discusses gold's recent surge past the $2500 mark. Nick explores the factors behind this psychological milestone, including shifts in U.S. rate expectations and the ongoing influence of central bank policies. Nicholas also delves into the impact of China’s economic stagnation on gold demand and the surprising dynamics between fast and slow money in the market. The episode wraps up with a ...
Aug 22, 2024•32 min
In this episode of The Pod of Gold, host Shae Russell and Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, delve into the recent market volatility and its impact on gold. They discuss the factors driving recent market events, including significant changes in non-farm payrolls and the Bank of Japan's rate hike. Nicholas provides a detailed analysis of gold's performance, technical indicators like the Ichimoku Cloud and Point and Figure charts, and the broader macroeconomic...
Aug 07, 2024•21 min
In this episode, Nicholas Frappell and Shae Russell delve into gold's recent consolidation, the impact of a strong dollar on Asian currencies, and the effects of market narratives on the yellow metal. They also explore the implications of US non-farm payrolls, China's pause on gold purchases, and the ongoing expectations around Fed rate cuts. Finally, they touch on Japan's economic policies and the broader implications for global markets. PODCAST INFO: ABC Refinery website: https...
Jun 27, 2024•21 min
In this episode, Nicholas Frappell discusses: Gold cooling from recent rally, Fed sticking with higher for longer, Managed Money is positive on gold, Bullish targets for silver, and is US$2,600 possible? 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 fo...
May 29, 2024•23 min
Record at the RIU Resources Round-up: In this episode, Nicolas Frappell unravels the complexities of global currencies and their relation to gold’s current rally, the nuances of the Federal Reserve’s anticipated rate cuts and how these continue to influence gold. (1:40) – Myths around the gold market (7:00) – How much of the rally is Chinese gold buying? (13:00) – China’s proportion of US dollars hasn't changed (16:22) – Young women are increasingly buying gold (20:22) – Options pricing remains ...
May 12, 2024•30 min
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...
Apr 29, 2024•29 min
In this episode, Nicholas Frappell dives into the current drivers behind gold's recent rise, the magnetic pricing effect of open interest and why “2332” is the most important number to watch for April. 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 epi...
Apr 07, 2024•30 min
In this episode, Nicholas Frappell discusses the several factors driving gold higher and, where gold may land next and future potential impacts on the yellow metal’s price. Join us as we delve into these topics and more, offering insights and analysis on gold's macro position and what the future may hold. PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Nick Frappell: https://twitter.com/nick_frappell Shae Russell...
Mar 18, 2024•24 min
In this episode Nicholas Frappell puts forward to very bullish long term price targets, he covers why one economist warns rates may not go in the direction people are hoping for and perhaps we have reached peak China doom. Join us as we delve into these topics and more, offering insights and analysis on gold's macro position and what the future may hold. PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Nick Frappell: https://twi...
Feb 25, 2024•26 min
In this episode of The Pod of Gold, Nicholas Frappell discusses the potentially magnetic pricing of gold options, the unforeseen risks of Evergrande winding up and he analyses the continued divergence between the Federal Reserve and market rate cut expectations. Join us as we delve into these topics and more, offering insights and analysis on gold's macro position and what the future may hold. PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast N...
Feb 12, 2024•23 min
In this episode of The Pod of Gold, Nicholas Frappell discusses the factors contributing to the strength of gold in 2024, including increasing geopolitical tensions, market responses to potential rate cuts, and China's attempt to mobilise 2 Trillion Yuan. Join us as we delve into these topics and more, offering insights and analysis on gold's macro position and what the future may hold. PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Nick Frapp...
Jan 25, 2024•28 min
In this episode, Nicholas Frappell discusses gold’s current bullish set up, the ongoing disconnect between the markets and Federal Reserve Bank comment, the seasonal effects on gold and how real rates are still the main driver for gold. 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...
Dec 20, 2023•37 min
In this episode Nicholas Frappell covers the gold’s all time high, price retreat and what targets to look for as the price settles. Why the US data released later this week will determine the outlook going into 2024 and what the Taylor Rule says about the Federal Reserve Bank’s current rate settings. PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Nick Frappell: https://twitter.com/nick_frappell Shae Russell: htt...
Dec 06, 2023•22 min
In this week's Pod of Gold episode, Nicholas Frappell covers gold’s potential double top, the exuberance behind the recent bond rally and has the Fed reached its terminal rate? 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 ...
Nov 23, 2023•29 min
In this week's Pod of Gold episode, Nicholas Frappell discusses the ‘war premium’ versus gold’s fair value, geographic threats around the Saudi peninsula, and how the ongoing Israel-Palestine conflict will impact gold prices going forward. Recorded at the International Mining and Resources Conference (IMARC) PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Nick Frappell: https://twitter.com/nick_frappell Shae Russell: https...
Nov 13, 2023•20 min
In this episode Nick Frappell discusses why gold's recent drop is the market accepting rates will be 'high for longer', why the Aussie dollar will remain under pressure for the foreseeable future and where gold might head to next. 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. O...
Oct 05, 2023•34 min
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 fo...
Sep 20, 2023•32 min
Recorded live at the Australian Gold Conference, Gold rallies but Managed Money isn't bullish, yet there's plenty of upside ahead for the yellow metal. Don't be too bearish on China just yet, the trade looks crowded and could surprise you. Plus Bank of Japan's yield curve control and how much lower will the Aussie dollar fall? PODCAST INFO: ABC Refinery website: https://www.abcrefinery.com/podcast Nick Frappell: https://twitter.com/nick_frappell Jordan Eliseo: https...
Sep 04, 2023•26 min
Today we welcome special guest Jordan Eliseo, General Manager of ABC Bullion Australia to discuss the best gold event of 2023, what caused the gold price to pop higher and the technical indicators pointing to an uptrend in gold. Plus! secure your ticket to ABC Bullion’s Precious Metals Forum 2023 ‘Gold & The Roaring 20s’ https://www.eventbrite.com.au/e/abc-bullion-precious-metals-forum-tuesday-22nd-august-ivy-ballroom-6pm-tickets-662647234717 Use code: PODOFGOLD for 20% off your ticket at ch...
Jul 21, 2023•19 min
