Epstein examines market movements, noting the fluctuations in gold, silver, and metals, and the influence of rising interest rates, which could draw money away from riskier investments.
Investment in physical gold and physical assets is for the long term and should not be confused with short-term investments...do not worry if the price consolidates for a very long time.
Still, Gold is defying (or at least so trying) its downtrending. To Gold’s weekly bars we go from a year ago-to-date, the red-dotted parabolic Short trend having now completed a ninth week.
Despite soaring with their metal in recent years, gold stocks still need to continue revaluing higher to reflect their stellar fundamentals in this gold regime.
Uncle Sam must pay interest on the nearly $40 trillion debt. Interest expense has grown into the second-largest spending category in the federal budget behind only Social Security.
Ira Epstein addresses the significant declines in metal markets, with silver and copper experiencing notable drops, and speculates on potential future movements in gold prices.
Ira Epstein analyzes gold market trends, noting that while the trend shows higher lows and highs, the market remains stagnant with overbought momentum.
I often get asked the question, “When will the miners outperform gold?”. The answer is, “Whenever they reach a buy zone. From there, dramatic outperformance occurs!”.
