In this presentation, Jeffrey Christian of CPM Group gives a precious metals update focused on the gold price outlook, silver market slump, investor selling, political risks, platinum and palladium weakness, and the U.S. dollar. He explains why gold continues to test the $4,000 to $4,100 area, why a move toward $3,800 remains possible over the next couple of months. He explains why short-term investor selling has kept pressure on gold, silver, and other precious metals.

Jeff also discusses silver’s test of the $60 level and why CPM Group would not be surprised to see silver move toward $55 or even $50 in the short term. He explains why some investors have been selling physical gold, silver coins, ETFs, and other positions, while longer term investors continue to hold precious metals as a hedge against economic, political, and financial risks.

The presentation also covers China’s physical gold demand, India’s gold selling, political risks involving Ukraine, Russia, NATO, Israel, Turkey, and broader political instability, all of which remain supportive for gold and silver over time.

Courtesy of the CPM Group