Despite soaring with their metal in recent years, gold stocks still need to continue revaluing higher to reflect their stellar fundamentals in this gold regime.
Uncle Sam must pay interest on the nearly $40 trillion debt. Interest expense has grown into the second-largest spending category in the federal budget behind only Social Security.
Ira Epstein addresses the significant declines in metal markets, with silver and copper experiencing notable drops, and speculates on potential future movements in gold prices.
Ira Epstein analyzes gold market trends, noting that while the trend shows higher lows and highs, the market remains stagnant with overbought momentum.
I often get asked the question, “When will the miners outperform gold?”. The answer is, “Whenever they reach a buy zone. From there, dramatic outperformance occurs!”.
Epstein notes ongoing tensions in the Strait of Hormuz affecting oil supply chains and the implications of a recent appellate court decision, which could influence metal market rallies.
Ira Epstein examines the impact of recent events on financial markets, noting a rally in both the stock market and gold, and emphasizes the importance of upcoming economic indicators.
China is set to ease licensing rules for gold imports and exports to facilitate trade, according to an announcement by the People’s Bank of China and the General Administration of Customs.
