The longer the globally-critical Strait of Hormuz stays closed, the more bullish gold’s outlook becomes. So recent months’ anomaly of gold falling when the war intensifies won’t last.
Ira Epstein provides insights into specific metals, noting that gold is holding near its 200-day average, while silver remains oversold and copper shows strength...
Defaulted student loan borrowers are also having issues with their other credit products. They now have very high delinquency rates across all credit products...
Ira Epstein discusses the recent developments in the metal markets, highlighting that the June gold contract reached his target at the 200-day average level of 4435.
Ira highlights market anticipation of a potential staged deal between Iran and the U.S., which is being priced in despite expected fluctuations. He previews upcoming economic data releases.
Net gold ETF inflows turned positive for the first time since early April, driven by North America ($824 million) and Europe ($180 million), according to BMO.
One thing that keeps us bullish in the precious metals sector (gold, silver) is the appearance of large symmetrical triangles for gold, silver, and the gold stocks.
