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Market Updates

Metal Rally, Except Copper; Highs Still Distant

Ira Epstein discusses market reactions to President Trump’s capture of Venezuela’s President Maduro, focusing on geopolitical implications and potential impacts on the oil market.

COT Gold, Silver & USDX Report - January 5, 2026

Positions as of Tuesday, December 30, 2025

Gold SWOT: 2025 Wrap-up - As Strong as Gold Performed in 2025, It Was Silver That Stole the Show

The gold price is up 80% since September 2022, and while impressive, it still lags the previous three gold bull markets over the past 25 years.

Technical Scoop: Market Odds, Golden Value, Energy Divergence

We could be sitting on the cusp of a further breakdown for gold. Nonetheless, only a breakdown under $3,900 would be of major concern.

Rates, Stock Market & Gold: Key Wave Counts

A projection for the end of wave iii is Gold $5,965.60.

Asian Metals Market Update: 2026 Silver Forecast

Inflation rise will be ignored by central banks (including federal reserve) in favor of growth by cutting interest rates. Shortage of copper, silver and other non-ferrous metals (including nickel) is expected in 2026.

We Forecast Gold’s High for ’26 at $5,546

In summary, yes Gold is — for the present– overvalued (and certainly so is Silver … again see the opening Scoreboard).  But hardly would we sell here.

Gold Reckoning Looms

This bull’s prior three out of extreme overboughtness lasted 3.8, 3.1, and 4.3 months, again averaging 3.7. 

COT Gold, Silver & USDX Report - December 31, 2025

Positions as of Tuesday, December 23, 2025

A Wild Metals Market But Is It A Top?

Can fiat rally against these metals now?  It can and savvy currency bugs will use the rally to get more metal. For gold in the near term, there’s modest support around $4400, $4350, and $4260.  It’s possible that all that’s happening now is a margin-induced shake-out.

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