Ira Epstein discusses the current state of the metal markets, focusing on the recent rally in the stock market due to anticipated legislative actions in the Senate.
Gold is going through an overdue correction. We had never seen such a long period of overbought (RSI) conditions before. Gold rose this week by a small 0.1%.
To be sure, across Gold’s recent three-week pullback of -8.9%, the past two weeks (albeit downers) are appearing more as a basing period, indeed with daily volatility slowing.
Gold-stock prices remained fairly-modest relative to the metal overwhelmingly driving their profits. That lack of dangerous overvaluations argues this sector’s powerful bull run remains far from over.
Ira Epstein discusses the recent movements in the metal markets, noting a small rally and the challenges faced by Bitcoin and stocks, which have been in a beaten-up pattern.
Ira Epstein discusses the current state of the metal markets, highlighting a decline in gold and silver prices while copper remains stable and platinum holds steady.
Gold is breaking upside from a nice bull wedge… and doing it while the key 14,7,7 series Stochastics oscillator flashes a buy signal as it rises from the overbought zone.
