opinion

The real reasons gold and silver are rising (and why that might change quickly)

Kitco Media
By CPM Group
Published:
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The real reasons gold and silver are rising (and why that might change quickly) teaser image

In this presentation, Jeffrey Christian of CPM Group provides a market update across gold, silver, platinum, and palladium, with a focus on near-term price direction and the market mechanics driving volatility.

Jeff explains CPM Group’s view that prices could strengthen into the end of the week, potentially weaken in early March, and then firm again in the second half of March.

Jeff also looks at January ETF activity and discusses the March Comex silver contract ahead of delivery. He highlights open interest, the ongoing roll into May, and changes in registered and eligible inventories. He explains why the decline in Comex inventories does not indicate a physical shortage, and shows how arbitrage flows between New York and London have played a major role in inventory movements.

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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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silverJeffrey ChristianJanuary ETF
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.