For the Time Being, Metals Have Lost Their Mojo

For the Time Being, Metals Have Lost Their Mojo
Ira Epstein discusses the impact of a recent artificial intelligence meltdown on the financial markets, particularly focusing on the metals sector. He notes that both gold and silver experienced declines, with gold expected to gain on silver in the near term. Epstein highlights the anticipation of upcoming CPI data, which could influence market movements, and observes that despite market turbulence, the US dollar and other currencies remained relatively stable. He also mentions that bonds and notes saw increased activity as investors moved away from metals, and he plans to release a special report with further analysis.

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