Connect with us

Hi, what are you looking for?

goodbalancefeature.comgoodbalancefeature.com

Investing News

Jeffrey Christian: Gold, Silver and “Another Year of Living Dangerously”

Speaking at this year’s Prospectors & Developers Association of Canada (PDAC) convention, Jeffrey Christian, managing partner at CPM Group, shared his outlook for gold and silver prices moving forward.

‘We’re looking for record gold prices (in 2024) … we’re looking for a significant, in our mind, increase in gold prices,’ he said. ‘We’re looking at an average price of maybe US$2,050 (per ounce), up from US$1,950 last year.’

Christian sees more of a move happening in the third and fourth quarters as worries increase among investors.

In terms of silver, Christian said CPM Group thinks US$20 to US$22 per ounce will be its low range for the year, while US$27 or US$28 will be its high point. As with gold, the firm expects the silver price to pick up toward the end of 2024.

All in all, he sees 2024 as ‘another year of living dangerously’ — a phrase CPM Group last used to describe 2008.

‘We look at 2024, 2025 as a similar period of uncertainty,’ he noted. ‘I think one of the big parallels is you’re looking at a year in 2024 where politics will be much more important in investors deciding whether to buy or sell gold and silver.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

You May Also Like

Stock News

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

Investing News

Global vanadium-producing countries have benefited from infrastructure spending in China in recent years. However, in 2023 and beyond, the market is likely to be...

Stock News

SPX Monitoring Purposes: Long SPX 10/27/23 at 4117.37. Gain Since 12/20/22: Over 17%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Last Thursday, we...

Investing News

Copper prices have rallied to record highs in recent years on expected demand growth amid a supply deficit. While construction and electrical grids have...