In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks gold’s explosive surge through US $4,000/oz — a milestone that’s reshaping market sentiment and investor positioning around the world.

Recorded on Wednesday, 8 October 2025, this special short-form episode explores the macro and technical forces behind gold’s breakout and what traders should watch for next.

📈 Frappell also examines:

• Why the US$4,000 mark is a psychological and technical milestone for gold investors
• The macro drivers behind the rally — from fiscal dominance and rising debt pressures to shifting Fed policy
• The impact of the US government shutdown on positioning data and market sentimentWhat to expect when Chinese markets reopen after the holidays
• Point & Figure targets pointing toward near-term resistance at US$4,073–4,172
• Ichimoku Cloud analysis and distant support levels near US$3,671 and US$3,576
• How round-number psychology and short-term volatility could shape the next phase of gold’s run

🕒 Timestamps:

• (00:00) – Introduction
• (00:33) – Gold marches through US$4,000
• (01:22) – The macro backdrop
• (03:38) – Positioning & ETF inflows amid the US government shutdown
• (05:38) – Technical outlook: Short-term risks and what to watch as China reopens
• (06:42) – Point & Figure analysis
• (07:32) – Ichimoku Cloud weekly big picture
• (08:27) – Summary and what’s ahead at IMARC 2025

🔗 More Resources:

• Visit: https://www.abcrefinery.com/podcast
• Follow Nick Frappell: https://twitter.com/nick_frappell
• Follow Shae Russell: https://twitter.com/shaearussell

In this episode, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery explains why Gold has surged to a historic US $3,759, and the momentum shows no sign of slowing.

📆 Recorded on Tuesday 23rd September 2025, this episode explores:

• Why weakness in the US dollar and shifting Federal Reserve policy are fuelling the rally

• Key price targets—including short-term resistance around US $3,800 and medium-term potential near US $4,000

• The surge in ETF inflows and investor rotation out of equities

• Geopolitical flashpoints and economic signals from China that could keep gold in demand

📈 Frappell also examines:

• Dollar Index (DXY) weakness and what past declines suggest for a possible rebound.

• September’s 25-bp cut and why the market’s hopes for deeper, faster easing may be misplaced.

• Inflation break-even rates and why the Fed’s own projections challenge the “rapid cuts” narrative.

• Rotation out of US equities and into gold as a hedge.

• Technical targets: short-term and medium-term

• Key support zones

• Escalating tensions—Russian jets, uncertain US leadership—and their impact on safe-haven demand.

• China’s slowing fixed-asset investment and soft consumption shaping global trade flows.

🕒 Timestamps:

• (00:00) – Introduction

• (00:55) – Moves behind the gold rally

• (04:55) – Managed money positioning

• (08:38) – Gold price targets

• (11:20) – Is the US dollar losing its grip?

• (13:07) – Geopolitics & macro drivers

• (14:08) – Key takeaways

🔗 More Resources:

• Visit: https://www.abcrefinery.com/podcast

• Follow Nick Frappell: https://twitter.com/nick_frappell

• Follow Shae Russell: https://twitter.com/shaearussell

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In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks gold’s historic rally and what could lie ahead.

📆 Recorded on Tuesday 9th September 2025, this episode explores:

• The drivers pushing gold to fresh record highs.

• The role of weak US labour data and Fed policy expectations.

• Why ETF and Managed Money positioning matter right now.

• The potential scenarios that could actually stop this rally.

• Price targets including the much-discussed 3860 level.

• How the US dollar is influencing precious metals markets.

Whether you’re a trader, investor, or simply fascinated by gold, this episode provides deep insights into positioning, sentiment, and what the next 14 days may bring.

📈 Frappell also examines:

• US labour market weakness and Fed rate cut expectations.

• ETF inflows vs Managed Money longs.

• Central bank gold buying and its impact on demand.

• Scenarios that could trigger a gold pullback.

• Near- and medium-term price targets.

• The broader macro backdrop: dollar, tariffs, and risk assets.

🕒 Timestamps:

• (00:00) – Introduction

• (00:44) – What’s driving gold higher right now

• (04:12) – Question from listener: “Could anything stop this rally?”

• (08:19) – ETF flows vs Managed Money positioning

• (10:16) – Price targets: short-term, medium-term, and $3860

• (11:34) – Medium-term price target explained

• (12:22) – The role of the US dollar and Fed policy

• (15:15) – Key takeaways and closing thoughts

• (17:00) – Outro

🔗 More Resources:

• Visit: https://www.abcrefinery.com/podcast

• Follow Nick Frappell: https://twitter.com/nick_frappell

• Follow Shae Russell: https://twitter.com/shaearussell

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