In a nutshell: gold can go higher, but it’s moved up tremendously in a relatively short (and joyous!) time. If it goes higher, the investor is very happy. If it dips significantly, more can be bought.
Ira Epstein highlights the recent performance of gold, noting its dramatic rise despite being down for the week, and examines the gold-silver ratio, which shows silver gaining strength.
The best performing precious metal for the past week was silver, up about 3.6%. The metal has gained nearly 22% in the past month, previously hitting $50 an ounce in 1980 and 2011.
Within wave (iv) we completed wave -a- at the 3886.50 low and it now looks like wave -b- is still underway, although it could now be complete at the 4265.70 high.
The gold rally of 2025 was put on pause this past week. Overall, gold fell a small 0.5% while silver continued its big run, up 3.5% to new all-time highs.
Ira Epstein discusses the current state of the metals market, focusing on gold and silver, while also touching on the broader economic context influenced by the Federal Reserve's anticipated interest rate cut.
