Ira Epstein discusses the current state of the metals market, focusing on the anticipation surrounding the Federal Reserve’s expected 25 basis point interest rate cut and its potential impact on market movements. He highlights the recent performance of gold, noting its dramatic rise despite being down for the week, and examines the gold-silver ratio, which shows silver gaining strength. Epstein also addresses the copper market’s recent downturn and the overbought conditions that led to a correction, as well as the upward trend in the platinum market with higher highs and lows. Overall, he provides insights into how these developments might influence future market trends.
Read the full article here