CPM Group Trade Signal - June 15, 2021
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Prices as of 9:50 p.m. EDT (14h50 GMT) 15 June 2021 $1,867.30 (Basis the August 2021 Comex Contract).
Initial Target Price/ Range: $1,850
Initial Timeframe: 15 June 2021 to 25 June 2021
The most recent gold Trade Recommendation was at $1,900 on Thursday 10 June, with a Sell direction and a target of $1,875. That was breached Monday and Tuesday, with August gold dropping as low as $1,860.10 Tuesday morning.
CPM expects some further weakness in the next eight trading days, with a nearby target of $1,850.
Initial Target Prices and Timeframes are just that: Initial. If CPM does not issue a new Recommendation during or after that time it indicates that CPM is maintain the posture in the most recent Trade Recommendation.
Discretion should be allowed at +/- 0.20% of the price at the time each TR is issued from the target. Recommendations are valid until the target date or a new Trade Recommendation or message is issued by CPM.
CPM’s preferred investment strategies use physical, futures, forwards, and options.
Disclaimer – Past performance is no indication or guarantee of anticipated future profits, and neither Kitco Metals Inc. nor CPM Group can accept any liability or responsibility for any loss suffered as a result of gold price fluctuations. Gold as a commodity is not a specified investment for the purpose of giving advice under the Financial Services and Markets Act 2000. Therefore this trade recommendation does not give rise to rights to claim compensation under the Financial Services Compensation Scheme. CPM Group is a registered CTA with the U.S. NFA and CFTC. At times the principals and associates of CPM Group may have positions in the precious metals, commodity, and equities markets. CPM Group also manages investment and industrial positions in markets for its clients.