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CPM Trade Signal - Dec.1, 2021

Commentaries & Views

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Time Stamp
Prices as of 9:32 a.m. EDT (14h32 GMT) 1 December 2021 $1,790.90 (Basis the February 2022 Comex Contract).

Direction: Stand Aside

Initial Target Price / Range: $1,760 - $1,850

Initial Timeframe: 1 December to 10 December 2021

The past two Gold Trade Recommendations issued by CPM last week and this Monday have recommending short term spot gold investors stand aside for now, pending clearer directional indications.

CPM’s view is that gold will continue to trade between $1,770 and $1,810 for the next several days at least. Until there is a clear break above or below this range, the gold price remains in our view vulnerable to a sharp break downward, upward, or both (a sell-off followed by a rebound).

CPM advises options-engaged investors to continue to hold straddles.


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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.