Ira Epstein discusses the current state of the metal markets, noting a decline in metals during early evening trade on August 4, 2026, and highlights ongoing negotiations between Iran and Oman regarding the Strait of Hormuz. He mentions the impact of these talks on energy prices, which have fallen, and provides updates on upcoming economic data releases, including job numbers and service sector indices.
Epstein analyzes the gold market, observing a potential base formation amid inflation concerns, and explains his trading bias based on market positioning relative to the 18-day average.
Additionally, he notes the gold-silver ratio favoring silver, with silver entering overbought territory.
Video Length: 00:08:06
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