Ira Epstein discusses the current state of the financial markets, focusing on a correction in the stock market and movements in gold and silver prices.
The fact that we finally did get an ABC correction is actually a very good thing. It means we’re back in the wall of worry, and that extends the bull market more years.
Ira Epstein emphasizes that while the markets reacted strongly, assuming a resolution to the U.S.-Iran conflict, caution should be exercised until further developments occur.
While this is not a signal that a bear market has indeed begun, it is a warning that the environment is ripe for one to begin, especially as we complete a 5-wave rally into a high.
Ira Epstein touches on the potential for inflation to influence the metals market, suggesting that while inflation is not yet present, it is likely to become a significant factor soon.
World Gold Council reported first quarter 2026 demand, with its Gold Demand Trends showing a 42% year-over-year increase in bar and coin demand, led by Asia.
Our expectation continues to be that gold will eventually break to the upside. But it has resistance to get through. First at around $4,700/$4,800 and then again at $5,000/$5,100.
