High gold prices are enduring for the metal’s own strong fundamental reasons, portending way-bigger gold-miner earnings in coming years than past ones.
Ira Epstein discusses the current state of the metal markets, focusing on reactions to geopolitical developments between the U.S. and Iran, particularly concerning the Strait of Hormuz.
Investors should be far more focused on key zones to buy...$4100, $3900, and $3500 are zones beneath the current price where eager gold money investors can take bold buy-side action.
Ira Epstein discusses the current state of the metal markets, highlighting a downtrend, particularly in silver, which has dropped from $88 to $74 an ounce.
Epstein notes significant fluctuations in gold and silver prices, with gold experiencing a rally despite a prevailing downtrend and silver recovering slightly after a substantial drop.
South Africa’s gold production rose 17.1% year-over-year in March versus 12.8% in February, according to Statistics South Africa. Mining production rose 2.5% YoY vs. 9.7% in February...
Our E wave down of a larger ABCDE-type correction may not yet be finished. If correct, that support at the recent low of $4,500 may not hold and we could fall further to $4,300.
