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In this video, Ira Epstein discusses the current state of the metals market, highlighting gold's stability around the 3400 level and silver's rise to the mid-38.5 zone. He anticipates the impact of Federal Reserve Chair Powell's upcoming speech at Jackson Hole, noting that Powell is expected to maintain a data-dependent stance, focusing on inflation and employment metrics.

Epstein comments on the gradual rise in inflation and its effects on major retailers like Walmart (WMT), suggesting that companies may initially absorb cost increases but will eventually pass them on to consumers.

Additionally, he touches on geopolitical tensions with Russia and their influence on energy markets, as well as the potential for significant sanctions from President Trump. Epstein concludes by emphasizing the importance of upcoming economic reports, such as the CPI, PPI, and PCE, in shaping market trends.

Video Length: 00:08:42

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