With a bear trend in bullion over the last three months, I believe the world is looking for indications of a restarting bullish trend in bullion and/or hints of a bottom formation.
The FDIC explicitly highlights the risk, noting that, in an economic downturn, shadow lenders may need to sell assets, putting downward pressure on asset values.
Ira Epstein discusses the potential for escalating military actions and the economic implications, such as rising oil prices, which are affecting global markets.
The entire $4100-$3900 area is best viewed as a “buy zone of champions”. The downtrend line has been penetrated and a surge to another key trend line at about $4400 appears likely.
Ira Epstein highlights geopolitical tensions, particularly the U.S. and Iran's strained relations over nuclear facilities, and the implications for global energy markets.
Gold and silver have risen after the completion of the soccer World Cup. I believe that there will be a FOMO rally in gold and silver if there is a bullish trend for the next two days.
Ira Epstein notes that metals remain weak, the dollar index has strengthened, and provides an overview of gold's performance, indicating minimal movement.
