Overall Jeff Christian of the CPM Group is mildly bullish on gold suggesting an increase to the low $1,300s over the next two months and to substantially higher levels, but only over a several year period.
Author: Lawrence Williams
Posted: Friday , 31 Jan 2014
LONDON (MINEWEB) -
Jeffrey Christian, Managing Partner of New York based commodities and agricultural research organisation CPM Group, is something of a bête noire to the ardent gold bull community given his stated views run contrary to theirs on a number of issues – most notably on gold market manipulation. Indeed he probably takes some perverse pleasure in this and is certainly not shy of entering the lion’s den and putting his viewpoints forward at some events where he is certain to be doing so in front of a largely hostile audience.
Nonetheless he runs a highly respected research organisation and its prognostications on the likely forward path of the gold price have always been taken extremely seriously by the mainstream corporate and investment sector – and in general the research cannot be considered to be either permanently bearish or bullish, but is put forward as Christian and his team of researchers see the position at the time.
So he will be particularly pleased that he called the January high point in gold almost to the dollar ...