In this presentation, Jeffrey Christian of CPM Group discusses the recent surge in the price of gold, which reached a new record high of $2,564.60, as well as the rise in the price of silver to $30. He examines the factors driving these price movements, particularly the widespread euphoria surrounding possible interest rate cuts by the Federal Reserve.
Jeff also discusses common misconceptions about the Federal Reserve’s actions and the notion that the current interest rate hikes are unprecedented in U.S. history.
The video ends with an update on CPM Group’s gold and silver price forecasts, as well as answers to viewer questions on previous videos.
Disclaimer: The views expressed in this article are those of the author and may not reflect the views of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided, however neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation for the exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article assume no responsibility for any loss and/or damage arising from the use of this publication.
