In the final segment of the Silver Facts and Fantasies series, Jeffrey Christian of CPM Group discusses how investors should interpret gold and silver price forecasts, and why large shifts in bank price targets are often misunderstood.

He explains how many institutions adjust their projections based on changes in current price levels rather than shifts in market conditions, which can lead to seemingly dramatic revisions.

The presentation concludes with a discussion on portfolio construction, including how investors can think about allocating between physical metal and mining equities. Jeff explains how mining stocks behave differently from physical metals, sometimes lagging and at other times outperforming, depending on market conditions.

Courtesy of the CPM Group