Spot gold did not fall below $4000.00. Spot silver did not fall below $60.00. I brought some physical silver in India and intend to buy more if there is more fall.
In 2022, a similar trend followed Russian invasion of Ukraine, when surging energy prices drove inflation higher...gold declined for seven consecutive months from April to October.
We don’t want to panic here. It may turn out to be the proverbial buying opportunity. However, for confirmation we’d need to see gold back over $5,000...
Ira Epstein discusses geopolitical tensions impacting the metal and energy markets, focusing on the conflict involving Israel, Iran, and Qatar, which has disrupted natural gas supplies.
The recent fall in gold and silver was just a correction and nothing else. Copper should have fallen much, much more. $12200 LME is not even a proper correction for me.
Clearly, all citizens need to accumulate gold, now, and for the rest of their lives. $5000 (now), $4850, and $4650 are three great zones to eagerly grab more gold, silver, and miners.
Ira Epstein comments on the current state of the stock and metal markets, which appear stable yet heavy, and the ongoing uncertainty in energy markets due to geopolitical conflicts.
