Ira Epstein’s Metals Video 4/17/2023: Gold and Silver Gains Stalled by Rally in the Dollar

by | Apr 23, 2023 | Silver IRA | 2 comments

Ira Epstein’s Metals Video 4/17/2023: Gold and Silver Gains Stalled by Rally in the Dollar




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The rally in the dollar over the past few weeks has had an impact on the gains seen in gold and silver. According to Ira Epstein’s metals video on April 17, 2023, the dollar’s recent strength has stalled out the gains seen in these precious metals.

The reason for the dollar’s rally can be attributed to a number of factors. One of the biggest factors is the recent uptick in inflation fears. As the economy continues to recover, there are concerns about rising consumer prices and the impact that could have on the overall economy. This has led to an increase in demand for the dollar as investors seek a safe haven currency.

Unfortunately for gold and silver, a strong dollar tends to make these commodities more expensive for foreign buyers. As a result, demand for these metals decreases and prices tend to drop. This is exactly what we have seen over the past few weeks, with both gold and silver experiencing some losses.

Despite the recent setback, it’s important to remember that gold and silver still have some long-term bullish factors working in their favor. For example, the global economy is still very much in recovery mode and there are concerns about inflation and the overall health of the financial system. These factors could ultimately lead to increased demand for precious metals as a safe haven investment.

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In the meantime, investors who are bullish on gold and silver may want to keep an eye on the dollar’s movements. If the dollar continues to strengthen, it could mean more downside for these metals. But if the dollar were to weaken, it could create a favorable environment for gold and silver to rebound.

Overall, the recent rally in the dollar has definitely impacted the prices of gold and silver. However, there are still plenty of reasons to be bullish on these precious metals in the long term. As always, it’s important for investors to do their own research and keep a close eye on market trends in order to make the best decisions for their portfolios.

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2 Comments

  1. In God we trust

    Hello Ira, i’m Edwin Tiburcio, one of your subscribers. Is the QQQ about to get embedded on the weekly chart? This week will be the 3rd week with stochastic above 80. Thanks

  2. Deonis

    Stocks down, gold down, dollar up in the next few weeks ….

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