Is the glass half full or half empty for gold?
Description
In this episode of The Pod of Gold, we look at what managed money’s lack of rotation is signalling about stagflation fears, the G7’s decision to ban Russian gold imports, how the Fed will manage rate expectations against inflation plus the Bank of Japan’s intervention in their bond market and the inflection point in the Japanese yen.
Time Stamps:
· 0:40 – Managed money not rotating into gold despite stagflation being broadly Au positive
· 3:42 – Gold has held technical support
· 5:24 – Price targets ahead for spot gold
· 8:00 – G7 Russian gold ban, will it have a meaningful impact or is it symbolic?
· 12:10 – Silver and copper prices still move together
· 14:12 – Copper price produces a ‘hammer’ shape on chart
· 17:06 – Fed terminal rate expectations have dropped slightly
· 19:26 – Small divergence between official Fed stance and their research
· 21:24 – China’s property downturn is impacting steel market
· 24:07 – Japanese government bonds and futures no longer correlated
· 27:53 – Key takeaways
United States
