Metal Markets Report For Tuesday, Sept 23
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In this video, Ira Epstein discusses the current state of the metals market, noting a slight decline in gold, silver, and platinum prices, despite a recent upward trend in platinum. He highlights the stock market's volatility, with a drop following a significant rise on Monday, and points out the resurgence in energy markets without a clear directional follow-through.
Epstein previews upcoming economic data releases, including mortgage and home sales figures, and comments on Fed Chair Powell's remarks about highly valued stocks, suggesting no immediate financial stability risks. He also analyzes the gold market's movement, emphasizing its rise to the upper Bollinger Band and advising caution on full investments due to the recent rally's size.
Additionally, he mentions the gold-silver ratio's breakdown and the copper market's efforts to maintain its position above the 18-day average.
Video Length: 00:05:11
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