Ira Epstein discusses the current state of the metal markets, highlighting declines in gold, silver, and copper, and the recent volatility in copper prices. He covers geopolitical tensions between the US and Iran, suggesting a potential military strike might be more likely than a peace agreement. Epstein also previews upcoming economic data releases, including jobless claims and trade balance figures, and introduces a special report on the US dollar, focusing on trend and chart analysis. He concludes by analyzing gold charts, noting a bearish pattern with lower highs and lows and flat momentum, indicating a lack of a clear trend.
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