Metal Markets Report For Friday, July 18
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In this video, Ira Epstein covers the current state of the metal markets in his weekend edition, noting that despite a market downturn, some indices have reached all-time highs. He discusses gold's efforts to maintain the $3300 level and speculates on silver's potential to reach $50 an ounce.
Epstein highlights challenges faced by copper miners due to 50% tariffs and logistical issues, while also mentioning upcoming economic indicators and corporate earnings that could impact the markets.
He observes that the metals market is experiencing congestion with no clear trend, and suggests that a significant move might be imminent if the market conditions change.
Video Length: 00:06:44
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