The below presentation was created for Monex Precious Metals. We would like to thank Monex for making this presentation available free of charge. Visit them at www.monex.com to learn how they can help you with your precious metals investment needs.
Gold and Silver Continue to Rally - Is There More to Come?
May 2024 – World renowned precious metals market analyst firm CPM and Monex discuss the reality of the price projections in the current precious metals marketplace. We have seen much stronger prices for gold and silver in March and April than expected. What does this mean for the precious metals market and other areas of uncertainty in the economy and world? Is this the beginning of the storm?
Jeffrey Cristian highlights CPM Group’s previous predictions and how they are unfolding as expected, with gold and silver prices rising sharply in 2024 and 2025 due to adverse economic, financial, and political factors. The video details a significant increase in gold prices from $2,000 an ounce in mid-February to $2,400 in mid-April, along with record prices observed multiple times in March and April.
Price Trends in Gold and Silver
- Significant movements in gold prices during March and April, surpassing earlier predictions.
- Gold’s price escalated from $2,000 per ounce in mid-February to over $2,400 per ounce by mid-April.
- New intraday record highs for gold were recorded multiple times within this period.
Market Analysis and Outlook
- CPM Group expected strong prices in the first quarter, followed by a dip in the second and third quarters, with a resurgence in the final months of the year.
- Current trends indicate that the rise in prices has exceeded expectations, suggesting a misjudgment in the magnitude rather than the timing of market movements.
