The Pod of Gold

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...

In this mid-June edition of The Pod of Gold , Nicholas Frappell, Global Head Institutional Markets at ABC Refinery, delivers high-level resource intelligence on the shifting precious metals sector. Recorded on 10 June 2026, this strategic session bypasses retail speculation to break down the exact technical thresholds, macro drivers, and energy cross-currents defining modern commodity valuations....

In this episode of The Pod of Gold , Nicholas Frappell returns from the RIU Sydney Resources Roundup to discuss a market caught between "fatigue" and "crunch time."  While the closure of the Strait of Hormuz remains a critical threat, Frappell explains how record US shale exports and a strategic reduction in Chinese imports have bought the global economy a temporary reprieve — though perhaps a dec...

In this high-stakes update, Nicholas Frappell examines the "U-turn" in the gold market following a period of extreme volatility. After gold hit a significant low of US$4,100 on March 23rd, it staged a US$300 rally, creating a powerful "Hammer" candlestick that has redefined the short-term technical floor. The discussion focuses heavily on the fragile two-week ceasefire in the G...

In this mid-March edition of The Pod of Gold , ABC Refinery’s Nicholas Frappell distills the escalating US-Iran conflict. This discussion moves beyond the initial market shock to explore why gold is currently behaving more like a risk asset than a safe haven. Nick provides a high-level tactical analysis of the Middle Eastern theatre, from the de facto closure of the Strait of Hormuz to the potenti...

In this special location episode of The Pod of Gold , Nicholas Frappell , Global Head of Institutional Markets from ABC Refinery , records on the final day of the RIU Explorers Conference in Fremantle. Following his keynote address, Nick unpacks the "uncertainty bingo card," explaining why traditional indicators like gold and the US dollar are defying historical correlations. This episod...

In this episode of The Pod of Gold , Nicholas Frappell , Global Head of Institutional Markets at ABC Refinery , discusses gold recently shattering the USD$5,000 barrier before experiencing an "eye-watering" $400 correction in mere minutes, the team explores the technical and macroeconomic forces behind the chaos. The discussion provides deep technical insight into negative gamma on deale...

In this final episode of The Pod of Gold for 2025, Nicholas Frappell , Global Head of Institutional Markets at ABC Refinery, unpacks one of the most extraordinary years in precious metals history. Gold has delivered its second-best annual performance since free trading began in 1979, with silver close behind. This podcast explores what drove this year’s rally and whether the bull market still has...

In this week’s episode of The Pod of Gold, ABC Refinery’s Global Head of Institutional Markets, Nicholas Frappell, dives deep into October’s extraordinary volatility across the precious metals space. Recorded on Tuesday, 18 November 2025 , Frappell unpacks the extreme tightness in the silver market, the drivers behind gold’s sharp drop and powerful rebound, and why China’s deteriorating economic i...

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 trade...

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...

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....

In this episode of The Pod of Gold , Nicholas Frappell , Global Head of Institutional Markets at ABC Refinery , discusses the key drivers for gold prices over the past few weeks, including geopolitical uncertainty and the impact of tariffs on the US economy. 📆 Recorded on Tuesday 26th August 2025 , this episode explores: Insights into current managed money and ETF positioning in the gold market....

In the 70th episode of The Pod of Gold , Nicholas Frappell , Global Head of Institutional Markets at ABC Refinery , analyses the factors driving gold's performance, including the impact of the "Big Beautiful Bill" on US debt and inflationary pressures. Frappell also examines how re-emergent tariffs are affecting the physical gold market, and what current managed money and ETF positio...

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the recent geopolitical events in the Middle East, their impact on gold and crude oil markets, and the current state of physical gold demand in Asia-Pacific. Frappell also examines current gold positioning, short and medium-term price targets, and key factors influencing the US dol...

In this episode of The Pod of Gold , Nicholas Frappell , Global Head of Institutional Markets at ABC Refinery , analyses the persistent strength in gold despite recent volatility and what market signals are saying about the months ahead. 📆 Recorded on Tuesday 3rd June 2025 , this episode explores: Why the gold price trend remains intact despite recent pullbacks Global political risks and shifting...

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks the powerful forces pushing gold above USD $3,000 per ounce — and whether it has further to go. Recorded on Monday, April 14 , this episode dives deep into the drivers of the current gold rally Plus, don’t miss Nick’s sharp commentary on America’s evolving economic policy and its ri...

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the Fed's statements after their March meeting and the factors driving the recent surge in gold prices.  Recorded on Thursday 20th March, Frappell examines how far above $3,000 per ounce gold can go. Frappell’s analysis delves into what managed money positioning reveals about t...

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, analyses the factors influencing gold markets, recorded on Friday 28th February. Frappell’s analysis examines what managed money reveals about gold; looks at how much longer gold's rally might last; and discusses the international markets, covering the US Gold Reserve Revaluation and Ch...

In the first episode of The Pod of Gold for 2025, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down a whirlwind start to the year for gold. Just one month into 2025, gold has already hit two record highs, with the latest peak at $2,830 USD . But what’s driving the price action? The big headline is Trump’s new tariffs , imposed on Canada, Mexico, and China over th...

In the final Pod of Gold episode for 2024, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks a tumultuous year for the gold market and provides a look ahead to 2025. Exploring the latest market movements, including the impact of the proposed Trump tariffs on gold and silver imports, recent shifts in gold’s forward curve, and key technical price levels for the metal....

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery discusses the recent "Trump bump" and gold's subdued trading behavior. Dive into managed money positioning and technical analysis using the Ichimoku Cloud, exploring what the charts indicate for gold's future, including the potential for a move beyond $2,700. The discussion shifts to the geo...

In this special episode of The Pod of Gold, recorded live at IMARC Sydney 2024 Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery dives into key predictions, including his previous forecast for gold’s climb to $2,780, which has now come to fruition. Frappell examines new price targets for gold, including technical levels of $2,808 and a more distant possibility of $3,500. Plus...

In this episode of The Pod of Gold Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down the recent market movements and gold’s volatile reaction to U.S. employment data. Frappell explores how the latest non-farm payroll numbers have sparked speculation around the Fed's next move and what it means for gold prices in the coming months. Also discussed in this episode i...

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down the factors driving gold's remarkable surge past US$2,600. Recorded on Friday, 20th September 2024, Frappell discusses the Federal Reserve’s unexpected 50 basis point rate cut and its impact on the markets, along with the evolving monetary policies from Japan and how they in...