Ira Epstein covers a range of topics in his Metal Market Wrap-Up. He discusses upcoming economic reports, including Redbook retail sales and the Richmond Fed’s manufacturing survey. Epstein also addresses geopolitical tensions involving Iran and the potential impact on global financial systems, particularly concerning the SWIFT system. He critiques Scott Bassett’s strategy to manage U.S. interest rates using a Treasury fund, expressing skepticism about its effectiveness and potential inflation risks. Additionally, Epstein provides insights into the metals market, noting movements in gold and silver prices, and comments on broader market trends such as the stock market’s performance and foreign currency movements against the dollar.
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