Gold – Mineweb reported that according to CPM Group, investment demand for gold will continue to fall this year. Specifically, net additions to gold investment holdings are set to drop to 21.4 million ounces, down significantly from the 2013 total of 30.9 million ounces.
Articles Tagged "CPM Group"
Silver – Mining Weekly reported that at this week's Prospectors and Developers Association of Canada conference, Jeffrey Christian, managing partner at CPM Group, said he expects net physical silver purchasing to drop in 2013.
Gold – Mineweb reported that CPM Group's Jeffrey Christian believes gold may hit $1,320 in February or March and could rise as high as $1,900 in the next eight to 10 years.
Silver – This week, silver prices were brought down by a policy statement from the US Federal Reserve, while silver streaming company Silver Wheaton was hurt by negative news about Barrick Gold's Pascua-Lama project.
Silver – Mineweb reported that Andrew Maguire, the whistleblower that CPM Group's Jeffrey Christian recently said has no background as a metals trader, has responded to Christian's allegations in a letter published on the Gold Anti-Trust Action Committee's website.
Silver – At last week's Silver Summit, CPM Group's Jeffrey Christian came forward with some interesting new information about whistleblower Andrew Maguire.
Silver – Word is that CPM Group and the Gold Anti-Trust Action Committee (GATA) plan to face off over silver and gold market manipulation at this year's Silver Summit.
Silver – Kitco reported that according to CPM Group's recently released Silver Long-term Outlook 2013 study, silver prices may consolidate for another three years before there is a pick up in investor interest and industrial demand. At that point, a "secular bull trend" may resume, with prices reaching "nominal highs."
Platinum – Forbes reported that increased fabrication demand and improved investor sentiment will push platinum prices up this year, according to CPM Group. It sees the supply deficit for the metal falling to 86,000 ounces from 294,000 ounces in 2012.
Silver – CPM Group believes long-term prices look set to weaken. Moreover, bulls may be prone to risk right now.