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.
Gold seems to be uncertain as to which way to turn. Stronger-than-expected jobs data puts upward pressure on bond rates. But sinking consumer sentiment puts downward pressure...
Gold investors have vast room to keep buying, which will accelerate on the looming stock-market bear and war inflation. Gold could very well again defy the odds to remain high.
