In this presentation, Jeffrey Christian of CPM Group discusses the recent movements in gold, silver, platinum, and palladium prices, focusing on the sharp decline in gold and silver and the consolidation pattern developing across precious metals markets. He explains why, despite the recent drop, prices remain within the range that CPM Group has been outlining, and why the current environment continues to point toward a period of sideways, volatile trading rather than a sustained breakout.

Jeff discusses how seasonal trends, macroeconomic conditions, and investment demand are interacting to shape price behavior over the coming months. He discusses the growing likelihood of a consolidation phase through the summer, while noting how economic and political developments could still cause short-term price fluctuations.