Given the potential for a US dollar and interest rate tumble, once this week’s CPI and PPI inflation reports are out of the way, what’s most likely is a surge to $4700, and then to $5400.
Ira Epstein covers the current state of the metals market, highlighting gold's stability around the $4,200 mark and silver's struggle to maintain levels above $60.
Ira Epstein covers the current state of the metal markets, highlighting a general pause in trading activity as investors await the upcoming Consumer Price Index (CPI) report.
Gold remains the world’s second-largest reserve asset after the U.S. dollar. Valued at $4,008 an ounce, gold made up 26.4% of global central bank reserves at the end of the second quarter.
Gold sits on the cusp of either breaking down or surging higher. Despite the weakness, the technicals continue to indicate some strength. We await the breakout.
Now here is a very important point; bearing in mind that most fiat currencies are on course to become virtually worthless in the face of insurmountable debt, all of the action from 1980 through early 2024 can be viewed as a gigantic Stage 1 Cup & Handle base pattern that gold only broke out of to start an unprecedented Stage 2 bull market in 2024.
Gold has been hindered by the surging US dollar, forcing a correction-grade selloff. Currency traders flooded into the US dollar, but all those swings are overdone, ready to overshoot the other way. That sets up gold for...
Ira Epstein discusses the current state of the metals market highlighting significant movements such as a rise in gold and a sharp decline in copper and platinum.
