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Churning Expected at 18-Day Moving Average of Closes

Ira Epstein covers the recent developments in the metal markets, noting the unwinding of a parabolic move, particularly in gold, and the subsequent volatility that persists with significant price increases in gold, silver, and platinum. He discusses geopolitical developments, including a U.S. negotiation with Iran aimed at curbing uranium enrichment and missile development, alongside a recent U.S.-India deal reducing taxes and India's cessation of Russian oil purchases. Epstein also touches on the impact of these geopolitical events on energy markets, speculating on the potential effects of Iranian and Venezuelan oil re-entering the market. Despite recovering from illness, Epstein provides insights into the ongoing market volatility and geopolitical dynamics.

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