In this presentation, Jeffrey Christian of CPM Group gives a precious metals update covering the gold price outlook, silver market update, platinum and palladium weakness. He also covers ETF selling, what lower coin premia say about investor demand and re-sales, Comex inventory levels not falling, U.S. GDP, inflation pressures, and how Treasury gold revaluation rumors would be meaning to both world gold prices and the U.S. government’s deficit and debt problems.

Jeff explains why gold is testing the $4,100 area, why a move toward $3,800 remains possible, and why silver’s break below $60 reflects continued price consolidation, investor selling, and weaker short-term sentiment.

Jeff also discusses what precious metals investors should focus on and what they can safely ignore. He reviews recent U.S. economic data, including real GDP, disposable personal income, consumer spending, and the personal consumption expenditures price index, explaining why the economy has remained stronger than many expected. He also looks at gold ETF holdings, silver ETF holdings, platinum and palladium ETF selling, and the flow of coins and bars back into the dealer and refinery market.

The presentation also the July silver futures roll.

CPM thanks Monetary Metals for making this paid CPM research available to our viewers.

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Courtesy of The CPM Group