Ira Epstein discusses the current state of the metals market, noting the impact of a strong dollar and high interest rates on metal prices, particularly gold, which continues to decline. He highlights the recent FOMC notes, suggesting a potential interest rate hike in December, and comments on the resilience of the stock market despite attempts to disrupt it.
Epstein also previews upcoming economic data releases, including jobless claims and natural gas inventories, while analyzing recent developments in the crude oil market and geopolitical tensions affecting shipping routes.
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