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Gold and silver ALERT: What could finally move prices?

Kitco Media
By CPM Group
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Gold and silver ALERT: What could finally move prices? teaser image

In this presentation, Jeffrey Christian of CPM Group discusses the gold price outlook, silver’s repeated tests of $60, gold ETF buying, central bank gold purchases, and why CPM expects gold and silver prices to rise over the next several months despite continued short-term downward pressure.

Gold futures have been testing $4,100, while silver has repeatedly tested $60. Both metals remain in broad trading ranges, with sharp declines followed by strong rebounds. Some silver bears see prices falling toward $50 or lower, but CPM expects silver to break out of its range to the upside over the next two to three months.

Jeff explains why gold investment demand remains important even as prices struggle. Gold ETFs added approximately 3 million ounces in August as prices rose, followed by another 2 million ounces in September as prices fell. He also discusses stronger physical gold demand and an increase in investors’ net long positions in COMEX gold futures.

The presentation also discusses the economic and political factors affecting markets, including bond market concerns, rising debt, wars in Iran and Ukraine, international trade problems, weaker economic growth, and the upcoming congressional elections.

Jeff also reviews central bank gold buying, including purchases by China and Poland; the importance of separating investment demand from fabrication demand; and updates in the platinum and palladium markets.

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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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goldsilverJeffrey ChristianGold Futuresgold ETFsComex gold futuresChinaPoland
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