opinion

Gold at record highs: facts and fictions related to central bank gold

Kitco Media
By CPM Group
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Gold at record highs: facts and fictions related to central bank gold teaser image

In this presentation, Jeffrey Christian discusses the jump in gold and silver prices, the investor buying behind it.

He shows the 40% decline in central bank purchases last year, as opposed to the ‘strong’ central bank buying hawked by marketeers. He also shows that neither New York or London are running out of gold.

He also discusses current futures market dynamics, including high open interest ahead of the April Comex gold delivery period, and explains why concerns about physical shortages are misplaced.

Jeff concludes the presentation by discussing CPM Group's short-term gold, silver, platinum, and palladium outlooks, and the economic and political factors that will drive them.

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CPM Group

CPM Group is a commodities research, consulting, financialadvisory and commodities management firm providing independent research,analysis and advisory services related to commodities markets, corporate andproject finance, and the financial management of exposure to commodity orientedinvestments.

We started our business in 1986 predicated on the idea that commoditiesresearch and advice is best delivered by independent experts who do not work forbanks, brokers, mining companies, or any other entity that has interests thatcould conflict with the best interests of the clients receiving the research,analysis, and advice.

All of our work is driven by fundamental commodities research and economicanalysis. As we undertake our research into individual commodities markets wegather a tremendous amount of information and develop an enormous body ofextremely high quality, unbiased analysis of the markets and the companies thatare involved with individual commodities. The outputs of our research andanalysis take the form of research reports, specialized and targeted consultingrelated to these markets, financial advisory services ranging from corporate andproject finance structuring to equity introductions, and managing specificcommodities and investment positions for clients.

CPM Group continues to demonstrate the economic value and financial worth ofsuperior research, information, and analysis. Our research is based onmicro-economic analysis of the individual components of each commodity market,wedded with a top-down macro-economic analysis of the global trends affectingthese markets. We apply the results of that analysis to our research,consulting, and advisory services.

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Central bankgoldcpm groupApril Comex goldJeffrey Christian
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.