Welcome to illuminati Silver, we tell you the truth about silver.
Today is Tuesday 22nd September 2015 and we are going to look at comments made by Jeffrey
Christian the Managing Director of CPM Group on Kitco News today.
Now we accept that many are suspicious of Mr Christian and that GATA refutes much of
what he says.
However, the CPM Group is a body which is both recognised, and to some degree, respected
by Investors, especially Institutional Investors who may indeed be swayed by his opinions and
forecasts, and it is for this reason we are giving him coverage today.
In an article written by Allen Sykora for Kitco News, Mr Christian expressed the following
comments at the Denver Gold Forum: • “I can be more bullish if I talk about
the next five years than if I talk about the next year,” he said.
• “gold has not lost its safe-haven status, although the metal does not necessarily rise
every time bad news occurs in the world.”
He added.
• “For the next couple of years, we think that the gold price will move slightly higher,”
he told the Forum • He also stated the CPM Group looks for
mine production to continue growing into 2017 as producers bring current projects on line,
but then, to fall sharply.
• He also added that investors are on pace to buy only half as much gold this year as
in 2011 and 2012 • He forecast that Gold should work its
way back to the $1,320 to $1,340 area by the middle of 2017 and then the rate of increase
should accelerate from 2018 to 2020.
• “In 2018, mine supply starts falling,” Christian added.
“It’s a foregone conclusion.”
• Christian also said, and surprisingly to many, the amount of gold held in vaults
in New York and Switzerland has actually increased over the last several years.
For instance, “158 million ounces of gold has been added to private-sector gold stocks
in Switzerland since 2008.
By contrast, China’s net investment demand during that period is 49 million ounces”
• Christian did say that the one topic on which he would not “waste time” was addressing
unsubstantiated market rumours about whether Comex is going to run out of gold.
“No it’s not,” he said.
These rumours seem to emerge every few years and have been once again lately.
So there we have it.
A view expressed by someone who is not renowned for his bullish statements on Gold, predicting
that as a 5 year investment and longer, it has some serious potential for growth.
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Disclaimer:
Silver Illuminati owners come from a background of Banking, International Wealth Management
and Economics.
Having now retired from these worlds we are not qualified to give investment advice.
Therefore, this and other productions must not be deemed to be giving such advice and
merely represent the personal views of its owners.