Metal Markets Report For Tuesday, Sept 30
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In this video, Ira Epstein discusses the impact of a looming U.S. government shutdown on the metals market, noting that such events typically lead to a temporary rise in metal prices, as seen with the current bidding in gold and silver. He highlights the bullish patterns in gold, which continues to reach new highs with a potential target of $4,000, while cautioning against buying at the Bollinger Bands due to their statistical rarity.
Epstein also touches on the silver market's buying opportunities during breaks and examines the copper market's reaction to reaching the 200-day average.
Additionally, he mentions upcoming economic data releases and geopolitical developments, such as the situation with Hamas and the ongoing Ukraine-Russia conflict.
Video Length: 00:05:24
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