CPM Trade Signal – May 27, 2022

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Prices as of 9:38AM ET, May 27, 2022 1863.50 USD (based on the August 2022 Comex contract).

Recommendation: buy

Initial price/target range: $1,880

Initial timeframe: May 27, 2022 to June 3, 2022

Gold prices have broken on the upside of CPM’s recent $1,825-1,850 target range and the potential for a further rally is in place. CPM Group is cautiously bullish for gold in the near term. Prices could rise towards $1,880 over the next few days based on technical strength. A weaker US dollar and lower US treasury interest rates could help gold prices to continue rising. However, dollar and treasury prices have already fallen a lot and there may be a limited downside from here. The upcoming FOMC meeting in mid-June could bring the dollar to a halt and lower interest rates which could affect gold prices.

CPM contains ranges of one month, three months, and eight quarters quarterly price forecasts with a greater discussion of the factors behind CPM analytics offered in CPM’s monthly subscription service, Precious metals consulting.

While short-term trade recommendations offer high risk – high return opportunities for investors, it is difficult to capture the complex web of factors affecting precious metal prices and the accurate CPM analyzes of these factors that go into our firm’s price forecasts. In addition to these short-term forecasts, CPM Group provides clients with enhanced trading recommendations that include one- and three-month price forecasts, as part of our Retail Investor Program. Contact CPM at info@cpmgroup.com for details.

Notes:

Initial prices and target timeframes are only: preliminary. If the CPM does not issue a new Recommendation during or after that time, this indicates that the CPM is maintaining the position in the most recent Trade Recommendation.

The appreciation should be allowed at +/- 0.20% of the price at the time each TR is released from the target. Recommendations are valid until the target date or a new commercial recommendation or letter is issued by the CPM.

CPM’s preferred investment strategies use physical options, futures contracts, futures contracts, and options.


disclaimer – Past performance is not an indication or guarantee of expected future earnings, nor can Kitco Metals Inc. Nor does CPM accept any liability or responsibility for any loss incurred as a result of fluctuations in gold prices. Gold as a commodity is not an investment designated for the purpose of advising under the Financial Services and Markets Act 2000. Therefore, this business recommendation does not give rise to a right to seek compensation under the Financial Services Compensation Scheme. CPM Group is a registered CTA with the NFA and CFTC in the United States. At times, CPM Group directors and associates may have positions in the precious metals, commodities and stock markets. CPM Group also operates investment and marketplace industrial sites for its clients.

Disclaimer: The opinions expressed in this article are those of the author and may not reflect the views of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; However, Kitco Metals Inc. cannot. Nor does the author guarantee this accuracy. This article is for informational purposes only. It is not a solicitation to conduct any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. does not accept The author of this article will be liable for losses and/or damages arising from the use of this publication.

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