Ira Epstein notes that the energy price increases are pressuring interest rates and strengthening the dollar, which in turn affects metal prices negatively.
I urged gold bugs of the world to buy modest gold, silver, and mining stock positions at $5100. That’s proved to be a solid support zone for the price.
Ira Epstein notes the anticipation of upcoming economic data releases, such as the National Federation of Independent Businesses report andmore, which could impact market directions.
Ira Epstein discusses the current state of the metal and energy markets, highlighting the significant price increases in Brent and WTI crude oil, which have nearly equalized in price.
More importantly, despite Gold’s usual early-conflict slide, should warring events significantly worsen and/or widen, the yellow metal can swiftly — even if only “momentarily” — ascend into uncharted territory.
