Gold today at 4490 is nearly equidistant between its BEGOS Market Value (5260) which has just begun to descend, and its Fair Value (3926) which is in ascent.
Gold looks way more bullish today than pre-war. Iran will never surrender, and has plenty of asymmetric-warfare options to keep the critical Strait of Hormuz largely shuttered indefinitely.
Ira Epstein discusses the current state of the metals market, highlighting a late-day bounce in the stock markets, with the S&P and Dow both showing significant gains.
Since the end of January of 2026, we have seen gold correct approximately 37%, whereas silver has corrected exactly 50% thus far. But we should be approaching the next buying opportunity.
Even with the Iran War and subsequent fears of inflation and interest rate hikes, I expect outperformance by gold, silver, and copper as compared to most asset classes.
The entire $4400-$3900 area is a massive buy zone for gold money enthusiasts around the world. Whether the ensuing gratification will be immediate or take some time is unknown…
Ira Epstein discusses the volatile movements in the metal markets, highlighting a significant rally in gold and silver prices amidst geopolitical tensions...
