Ira Epstein discusses the current state of the metals market, noting that metals were lower during the day but showing slight recovery in the evening. He highlights the stock market’s downturn with minor rebounds and the dollar index’s marginal increase ahead of an upcoming Federal Reserve meeting. Epstein mentions the transition to March currencies due to declining volumes in December contracts and provides insights into the upcoming economic reports, including the Business Optimism Index and Jolts report. He also examines chart patterns in gold, silver, and copper, emphasizing the potential for professional buying in copper with an embedded reading, and notes the stronger performance of silver in the gold-silver ratio.
Read the full article here