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. He observes the impact on various markets, noting a rally in stocks and bonds, a decline in energy prices, and a fluctuating dollar. Epstein highlights the bearish trend in gold, attributing it to lower highs and lows, and emphasizes key technical levels such as the lower Bollinger Band and the 200-day moving average. He also mentions upcoming economic events and reports that could further influence market movements, while promoting his special report on the dollar index.
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