Ira Epstein discusses the current state of the metals market, noting declines in gold and silver prices while copper remains steady due to short supply.
Ira Epstein discusses the recent movements in the metals market, highlighting a significant drop in gold from $4,400 to the $4,000 range and a decline in silver from $52 to $47 per ounce.
After a nine-week winning streak, gold could be excused for finally taking a break. The drop was overdue, as we had noted the prolonged period of gold being overbought.
It is still too early to determine which form wave (iv) will take but based on the formation of wave (ii), we should expect wave (iv) to become either a bullish triangle, flat or irregular type correction…
For 2025, 43 trading weeks are now complete. Therein, Gold has compiled 31 up weeks (+2.2% average gain) and 12 down weeks (-1.9% average loss). Indeed, 11 of the past 13 weeks have been up.
