In this presentation, CPM Group’s Jeffrey Christian provides a market update, discussing today’s decline in gold and silver prices and the reasons behind this drop.
The conversation then shifts to the seasonal patterns in precious metals and the usual downturn starting in May.
While the strategy of “Sell in May and go away” has generally proven effective, it has been disrupted by significant economic and political events. Given the current economic and political environment, CPM Group expects 2024 to be a year when this pattern may be further disrupted.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.