Ira Epstein discusses the recent significant movements in the metals market, highlighting the rise in silver to $72 an ounce and copper reaching $560. He notes the impact on jewelry stores needing to reprice their inventory due to these shifts, drawing on his experience from his wife’s tenure at Tiffany. Epstein also touches on upcoming economic data releases, such as the Mortgage Bankers Association numbers and jobless claims, and advises against trying to predict market tops, emphasizing the unpredictable nature of current trends. He concludes with insights into the gold market, noting its bullish setup and the potential for a pullback to attract buyers.
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