CPM Trade Signal - Jan. 31, 2022
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Prices as of 9:25 a.m. EDT 31 January 2022 $1,797.10 (Basis the April 2022 Comex Contract).
Initial Target Price / Range: $1,805
Initial Timeframe: 31 January 2022 to 11 February 2022
Gold prices fell sharply last week, following the Fed’s suggestion that it would tighten monetary policy to help ward off inflation. Prices fell from $1,847.08 on Wednesday 26 January to bottom out at $1,780.60 on Friday before recovering. Gold now appears to be trying to test $1,800.
Many of the financial, economic, political, and health problems facing the world continue. Inflation has not backed off yet. Tensions continue to rise in Eastern Europe, and stock markets world wide remain vulnerable to the downside after having falling sharply over the past several weeks.
Prices could test $1,805 in the coming days. A break above this level could quickly push gold prices to test $1,815.
While short-term trade recommendations provide high risk – high reward opportunities for investors, it is difficult to capture the complex web of factors affecting precious metals prices and the nuanced CPM analyses of these factors that goes into our firm’s price projections. In addition to these short-term outlooks, CPM Group provides clients enhanced trade recommendations that include one and three month price projections, as part of our Retail Investor Program. Contact CPM at email@example.com for details.
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.