CPM Group: Precious Metals Weakness Is a Correction Within a Longer Bull Market - IndexBox

AI desk brief

CPM Group, via Jeffrey Christian, said the recent weakness in gold, silver, platinum and palladium is a correction within a longer-term bull market. At the time of the presentation, gold was around $4,350 and silver near $66.60; CPM also flagged silver resistance near $75 and said buying interest could emerge if silver falls to roughly $55 or below, potentially establishing support.

The presentation also reviewed platinum and palladium price cycles, investment demand and physical tightness versus available inventories. Christian put the Fed’s latest rate increase in historical context and discussed government debt and foreign demand for U.S. Treasuries, arguing that fiscal problems alone do not imply an imminent financial collapse.