Ira Epstein Examines Metals Market Reaction to Trump Iran Day
Key Takeaways
- •Ira Epstein identifies the upcoming Chicago Fed National Activity Index release as a macro event that could influence metals trading.
- •Gold prices have undergone a significant retracement, according to Epstein's reading of chart patterns.
- •Silver, copper, and platinum are showing bullish trends, while Epstein describes the U.S. dollar outlook as bearish.
- •Earnings reports from NVIDIA, Salesforce, and CrowdStrike are expected to affect risk sentiment and broader conditions that can spill into commodities.
- •Epstein views the economic plans of President Trump and Treasury Secretary Besant as potential market-moving factors alongside the Iran-related decision point.
How Will Metals React to Trump Iran D-Day
Ira Epstein
Ira Epstein reviews the latest developments in the metals market and highlights several key economic events and market moves. He points to the upcoming release of the Chicago Fed National Activity Index and says President Trump and Treasury Secretary Besant’s economic plans could have an impact on markets. With metals often trading against the backdrop of broader macro data and policy headlines, that combination keeps attention on whether recent price action continues to follow the same pattern or begins to shift.
Epstein also discusses chart patterns, noting a significant retracement in gold prices. At the same time, he says metals including silver, copper, and platinum are showing bullish trends. He describes the outlook for the U.S. dollar as bearish and says upcoming earnings reports from major companies, including NVIDIA, Salesforce, and CrowdStrike, will be important. Those reports matter to market watchers because they can influence risk sentiment and broader trading conditions that often spill into commodity markets.
About the author
Ira Epstein
IraEpstein.com
LINN & Associates
Over the past 35 years, Ira Epstein has built a reputation for providing clients with easy-to-use technology and teaching traditional trading know-how. A number of the firm’s brokers have more than 30 years of trading experience. Epstein says that, regardless of how technology changes the methods of entering orders, there is no replacement for having “been there and done that before.” He describes the firm’s approach as a combination of education, market information, and trading platforms.
Epstein began in the futures markets in 1969. He started as a floor runner and later became a floor trader. In the mid-1970s, he shifted his career within the industry to develop both retail and commercial clientele. His customer base grew to the point that in 1984 he founded Ira Epstein & Company, a trading firm specializing in retail, commercial, and self-directed discount futures trading. He also became a leader in trading technology as small-lot trade volume increased and was among the first to embrace the internet, which changed how information is delivered and how trading takes place.
Epstein and his brokers share market commentary through email updates and his “Futures Videos,” which can be viewed on the firm’s website, through Market Center, Linn-IraChart Software, and on YouTube.
IraEpstein.com
