Could gold reach US$2,500 this year?

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’.