The Pod of Gold: Markets doubt hawkish Fed, but you should believe Powell

In this episode, we 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?


  • 00:00 - Intro
  • 00:50 – US dollar rolls off
  • 02:58 – Managed money isn’t bullish on the yellow metal
  • 04:14 – Multiple upside targets remain for gold
  • 07:12 – Journalist coverage suggests rate cuts are coming…
  • 08:37  …but you should believe Powell
  • 09:29 – Betting against China could be a crowded trade
  • 13:40 – Consumption is trending down and it’s been happening for a long time
  • 17:57 – Chinese Communist Party likely to opt for micro support over the ‘big bazooka’ of stimulus
  • 22:38 – Aussie dollar is down, but support looks reasonable