Why gold and silver prices spiked: What comes next?

In this presentation, Jeffrey Christian of CPM Group looks at the latest U.S. jobs report and its impact on gold, silver, and other precious metals. With gold spiking above $3,640 and silver moving over $41, Jeff explains why investors should expect continued volatility, including the possibility of a short-term pullback. While long-term, the drivers of gold and silver remain firmly in placed due to economic weakness, political dysfunction, and growing investor anxiety.

The conversation then moves to COMEX delivery data, silver inventories, and platinum and palladium market activity. Jeff shows how speculative flows and contract rolls create short-term price swings.

Jeff concludes the video by cautioning investors to examine how their precious metals holdings are allocated, and to consider the source of their market advice.

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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gold silver Jeffrey Christian U.S. jobs report

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.

opinion

Why gold and silver prices spiked: What comes next?

By CPM Group

Kitco Commentaries
Opinions, Ideas and Markets Talk

CPM Group

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Bank of America sees nearly $1 trillion market cap potential for gold miners

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The Federal Reserve has an opportunity to cut rates by 50 basis points and send gold well above $3,700 - abrdn’s Minter

Gold could take over the dollar’s store-of-value role as fiscal dominance overwhelms the Fed – Sprott’s Paul Wong

Fed cuts and rising inflation could see gold above $4,000, silver above $50, platinum and palladium above $1,800/oz this year – RJO Futures’ Pavilonis

opinion

Why gold and silver prices spiked: What comes next?

By CPM Group

Kitco CommentariesOpinions, Ideas and Markets Talk

CPM Group

Tags:

Kitco Commentaries
Opinions, Ideas and Markets Talk