In this presentation, Jeffrey Christian of CPM Group looks at the gold price outlook, silver support and resistance, platinum and palladium markets, Federal Reserve interest rates, government debt, and recession risks. With gold around $4,350 and silver near $66.60 at the time of recording, he explains why CPM views the recent weakness as a correction within a longer-term precious metals bull market.

Jeff begins by comparing short-term and longer-term gold charts. Prices have declined from their January highs, but CPM believes the broader upward trends remain intact. For silver, Jeffrey discusses resistance near $75 and why CPM expects substantial investor buying should silver prices fall to around or below $55. That buying interest could provide a support level for the metal.

The discussion then turns to platinum and palladium. Jeff reviews their price cycles, the influence of investment demand, and the relationship between physical market tightness and available inventories.

Jeff also puts the Fed’s latest rate increase into historical context and examines the risks associated with government debt. He discusses continued foreign demand for U.S. Treasury securities and why serious fiscal problems do not, by themselves, point to an imminent financial collapse.

Courtesy of the CPM Group