Ira Epstein discusses the current state of the metal markets, noting that energy price increases are pressuring interest rates and strengthening the dollar, which in turn affects metal prices negatively. He highlights the sideways movement in gold, which is maintaining an upside bias while trading around its 18-day average, suggesting it may be forming a base for future gains due to inflationary pressures from geopolitical tensions.
Epstein also mentions the gold-silver ratio's decline and provides insights into other metals like silver, copper, and platinum, each facing its own market dynamics.
He concludes by addressing the overbought condition of the dollar index.
Video Length: 00:06:31
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