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Wednesday
Jan292014

CPM Called Jan. Gold Target, Now Eyes $1,320 in March

Kitco News’ Commodities Confidential is back with CPM’s Jeff Christian talking about gold and some factors that led to higher prices in January. Earlier this month, CPM said gold prices could reach $1,280 while prices could go even higher by early-Feb. or late March.

“We do think we will see $1,320 but it’s probably more likely late March than early February,” he says. Looking over at emerging markets, Christian says monetary authorities are suggesting higher interest rates in EM nations in order to support tumbling currencies.

“I’m not really sure that solves the problem,” he says. Christian adds that the issues in emerging economies will unlikely lead to a ‘full blown crisis.’ Christian also discusses cash crunch concerns in China and the future of Indian gold import restrictions. Tune in now for a more in-depth look into the gold market with Jeffrey Christian. Kitco News, January 29, 2014.


To watch this video please click here.

In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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Reader Comments (1)

As I see gold opening down $25 today, I laugh at these so-called experts, like Jeff Christian, and their predictions. Admittedly it makes for interesting reading, but what really stands out is their ignorance - they know no more than the proverbial man in the street. One could do better flipping a coin than listening to their advice.

January 30, 2014 | Unregistered CommenterAlan KLeader

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