Ira Epstein discusses the significant movements in the metals market, highlighting a sharp rise in silver and gold prices, with gold approaching $5,200. He examines the potential implications of the gold-silver ratio returning to a 32-35 range, which could see silver prices rise to $150 an ounce. Epstein also touches on geopolitical tensions, particularly around the Strait of Hormuz, and their potential impact on energy markets.
Additionally, he comments on the U.S. government's recent Medicare and Medicaid payment adjustments and the broader economic implications, including the impact on the U.S. dollar and upcoming financial news, such as the FOMC policy statement and petroleum stock numbers. Epstein advises investors to consider taking profits amidst the current market highs.
About the author
LINN & Associates
Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
Be it education, market information or trading platforms, we provide solutions.
Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
One of the ways Ira, along with his brokers showcase their talents is through e-mails of market information and Ira's "Futures Videos", which can be viewed on our website, through Market Center, Linn-IraChart Software and on YouTube.