Metal Markets Report For Monday, July 21
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In this video, Ira Epstein discusses the recent performance of the metals market, focusing on gold and silver. He notes that gold has experienced a significant rise, reaching over $3,400 an ounce, with the market showing a bullish setup due to its position above the 18-day moving average.
Epstein explains the importance of chart patterns, such as swing lines and Bollinger bands, in analyzing market trends, and advises caution against buying when markets are overbought. He also highlights the strengthening of silver relative to gold, as evidenced by the gold-silver ratio, and briefly mentions the impact of tariffs on copper prices.
Video Length: 00:06:15
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