Ira Epstein discusses the current state of the metal markets, highlighting a slight stabilization following recent declines, particularly in silver and gold. He notes the broader market’s struggles, including a downturn in the stock market and marginal movements in energy prices. Epstein previews upcoming economic data releases, such as the Mortgage Bankers Association number and the Fed Open Market Committee meeting, which is anticipated to announce a rate hike. He also touches on the failed Clarity Act concerning Bitcoin regulation and provides technical insights into gold and silver trading patterns, emphasizing the oversold conditions and potential resistance levels.
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