opinion

Gold hits $4,387 as silver breaks $65: What happens next

Kitco Media
By CPM Group
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Gold hits $4,387 as silver breaks $65: What happens next teaser image

In this presentation, Jeffrey Christian of CPM Group looks at the latest surge in precious metals prices, with gold trading near $4,350 and silver around $64. He places these moves in a longer term historical context using charts that extend back to the 1970s.

He explains why CPM Group continues to view the market through the lens of a long-running gold and silver renaissance, a sustained upward shift in global investment demand, and why these conditions remain supported by a hostile economic and political environment.

Jeff also looks at Comex December silver deliveries and the latest Comex depository inventory levels. Delivery activity remains in line with other active months while inventories have declined only marginally since the end of November.

He also discusses the U.S. November employment report and how it may impact metals prices. He points to continued evidence of weakening job growth and a gradually rising unemployment rate and what it means for what comes next.

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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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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.