In this edition of The Pod of Gold, ABC Refinery’s Global Head of Institutional Markets, Nicholas Frappell examines gold’s sharp retracement following its push toward USD$4,700/oz, US Treasuries, and the impact of interventions by key financial authorities.

Recorded on 2 September 2026, this session discusses sovereign debt stress, yield curve intervention, and central bank reaction functions.

Frappell provides technical analysis on gold’s immediate support zones and Point & Figure upside targets, while evaluating the broader systemic impacts of US Treasury Secretary Scott Bessent’s intervention in long-dated bonds.

The discussion also covers the "Warsh Factor" following Fed Chair Kevin Warsh’s hawkish Jackson Hole address, the resurgence of the global debasement trade, and how escalating military action in the Gulf is driving energy prices and short-dated yields higher.

Key Discussion Points

• Gold market rally and retracement
• US Treasury interventions and yield management
• Technical analysis of gold using cloud and point and figure
• Market sentiment and ETF flows in gold
• Impacts of US and Japanese bond interventions
• Broader implications for global sovereign debt

Timestamps

• (00:00) – Introduction & Spot Market Check
• (01:11) – The Resurgence of the Debasement Trade
• (02:30) – The "Warsh Factor" at Jackson Hole
• (03:50) – Middle East Escalation & Energy Shocks
• (04:50) – Ichimoku Cloud Support & Technical Levels
• (05:34) – Point & Figure Target Analysis
• (06:55) – ETF Inflows & Beleaguered Managed Money
• (08:08) – The Streisand Effect in US Treasuries
• (14:57) – Synchronised Sovereign Debt Stress

• Technical Reports: Access Nick Frappell’s institutional chartbooks and monthly analysis at abcrefinery.com/podcast.
• Follow Shae Russell on X: @shaearussell
• Follow Nick Frappell on X: @nick_frappell

In this edition of The Pod of Gold, ABC Refinery’s Global Head of Institutional Markets, Nicholas Frappell breaks down gold's recent technical rally up to the daily Ichimoku Cloud resistance level.

Recorded on 12 August 2026, this session cuts through retail noise to deliver institutional-grade Resource Intelligence on the primary macroeconomic drivers shaping precious metals.

Frappell provides technical analysis on gold’s immediate resistance barriers and support zones, while evaluating the broader systemic impacts of US intervention in the Japanese yen, evolving ETF flows, and underlying official sector demand.

The discussion also covers US employment indicators, purchasing power parity (PPP) currency valuation frameworks, and how persistent geopolitical friction in the Middle East continues to influence commodity markets.

• Overview of recent spot gold price action, immediate market catalysts, and the technical setup following the latest price rebound.
• Evaluating the market reaction to US non-farm payrolls data, labour market trends, and shifting Federal Reserve rate expectations.
• Tracking institutional ETF capital movements alongside steady sovereign central bank accumulation.
• Mapping Ichimoku Cloud resistance, technical targets, and key support levels holding the current structural floor.
• Analysing direct foreign exchange market intervention, purchasing power parity (PPP) models, and foreign exchange spillover into commodities.
• Assessing long-term macroeconomic trends, inflation expectations, and monetary policy trajectories impacting gold.
• Reviewing Middle Eastern headline risks, oil price volatility, and portfolio allocation strategies for resource sector investors.

Timecodes

• (00:00) – Introduction & Recent Gold Market Update
• (01:31) – Drivers Behind the Rally & US Jobs Data
• (03:25) – ETF Flows & Official Sector Demand
• (04:47) – Technical Analysis & Resistance Levels
• (06:52) – US Yen Intervention & Currency Valuation
• (09:33) – Market Outlook & Macroeconomic Factors
• (11:00) – Geopolitics & Strategic Market Positioning

Technical Reports: Access Nick Frappell’s institutional chartbooks and monthly analysis at abcrefinery.com/podcast.

• Follow Shae Russell on X: @shaearussell
• Follow Nick Frappell on X: @nick_frappell

In this sharp, fast-paced edition of The Pod of Gold, ABC Refinery’s Global Head Institutional Markets, Nicholas Frappell, breaks down the "concerted slide lower" defining the precious metals landscape.

Recorded on 2 July 2026, Nick bypasses retail noise to examine why gold has dipped into its key macro weekly cloud support area, trading at $4,068 US.

Nick unpacks the "premium on bearishness" currently visible in the 25 Delta risk reversals—detailing exactly why options dealers are valuing downside protection heavily over upside calls—the optical in September rate hike expectations, continued global ETF outflows, and the subtle "basing indicators" pointing to an impending counter-trend rally.

Key Discussion Points

• Precious metals spot check at recording: US dollar gold trading at $4,068/oz with silver consolidating near $59/oz.
• Dissecting gold’s slide into the weekly cloud support zone ($3,666 to $4,090) and the emergence of the "premium on bearishness”.
• Why options positioning reveals deep skepticism over the US-Iran peace talks, combined with a flattening yield curve.
• Analysing the latest data from the CME and tracking a 661,000-ounce (21-tonne) outflow from global gold ETFs.
• Reviewing short-term point and figure targets, identifying subtle "basing wicks" on the daily candles, and previewing the upcoming US non-farm payrolls data.

Timestamps

• (00:00) – Introduction and Current Gold Market Overview
• (01:13) – Technical Analysis and Market Sentiment
• (02:41) – The Ceasefire Skepticism & The Fed
• (03:48) – Market Positioning and ETF Flows
• (05:40) – Future Outlook and Key Economic Indicators

Technical Reports: Access Nick Frappell’s institutional chartbooks and monthly analysis at abcrefinery.com/podcast.

• Follow Shae Russell on X: @shaearussell
• Follow Nick Frappell on X: @nick_frappell