The People’s Bank of China reported its 17th consecutive gold purchase in March, adding five tons to reach 2,313 tons, equal to 9% of total foreign reserves.
Ira Epstein examines the gold market's technical aspects, emphasizing the bearish pattern and volatility, and notes the challenges of trading options compared to futures.
Wave (iv) is going to become more complex than just a simple 3-wave corrective pattern, as it looks like we only completed wave -a- at the 4099.60 low.
This has been a tough time to be a gold bug. But as the gold bugs know, we’ve been through this before. Many
are pointing to $6,000 gold, even up to $10,000.
Ira Epstein discusses the current state of the metal markets, highlighting the impact of geopolitical tensions, particularly U.S.-Iran relations, on market dynamics.
American stock investors still have vast room to buy gold, which has unique essential portfolio benefits. Silver usually follows gold and amplifies the yellow metal.
Ira Epstein covers various economic indicators expected to be released, such as jobless claims and manufacturing PMIs, and their potential impact on markets.
