Image Source: Pixabay

In this video, Ira Epstein covers the significant movements in the metals market on July 8th, 2025, focusing on a dramatic drop of 1,700 points in copper prices following President Trump's announcement of a potential 50% tariff on copper. He discusses the implications of this tariff, noting the United States' reliance on copper imports and the need for more smelters to process domestic copper.

Epstein also touches on upcoming economic reports, including the Mortgage Bankers Association numbers and the Federal Reserve's June FOMC minutes.

Additionally, he provides insights into the mixed performance of gold and silver, highlighting silver's relative strength compared to gold.

Video Length: 00:09:00

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