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Kitco NEWS sent this email to their subscribers on June 20, 2024.
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EScvcow | KiTCOEmm TRADE SIGNALSCPM Gold Trade RecommendationTime StampPrices as of 11:18 a.m. EDT 20 June 2024 $2,371.90 (Basis the August 2024 Comex contract).Recommendation: BuyInitial Target Price / Range: $2,400Initial Timeframe: 21 June 2024 to 5 July 2024CPM has had a “Stand Aside” short-term Gold Trade Recommendation in place since 23 April. Prior to that, when gold was at $2,381on15 April, we had issued a “Sell” recommendation with a target of $2,300. Gold had dropped to $2,304.The Stand Aside recommendations since 23 April reflected what CPM had anticipated would be a period of extremely volatile goldprices. That has happened, with gold prices ranging from $2,285 on 3 May to $2,454.20 on 20 May. Gold subsequently fell back to$2,304 once more on 7 June and 10 June, and is trading around $2,350 this morning.Gold prices are projected by CPM Group to rise over the next week or two. A wide range of political, economic, and financialmarket issues are likely to push gold higher, toward $2,400 if not $2,450 during this time. A stronger dollar is not likely to bea negative for gold: The dollar and gold are both expected to find strong investor demand as the safer currencies to be in. Silverprices are expected to exhibit strength next week ahead of the July Comex futures delivery period starting on 28 May, which mayhelp pull gold prices higher.The increase may be short-lived, however, and dissipate beyond the first week of July.CPM has one-month, three-month ranges and eight-quarter quarterly price projections with greater discussion of the factors behindCPM’s analyses provided in CPM’s monthly subscription service, the Precious Metals Advisory.While short-term trade recommendations provide high risk – high reward opportunities for investors, it is difficult to capture thecomplex web of factors affecting precious metals prices and the nuanced CPM analyses of these factors that goes into our firm’sprice projections. In addition to these short-term outlooks, CPM Group provides clients enhanced trade recommendations thatinclude one and three month price projections, as part of our Retail Investor Program. Contact CPM at [emailprotected] fordetails.Notes:Initial Target Prices and Timeframes are just that: Initial. If CPM does not issue a new Recommendation during or after that timeit indicates that CPM maintains the posture in the most recent Trade Recommendation. Position may be closed out once target priceis reached, within the noted discretion or until CPM provides new trade recommendation. CPM may have reported to have closed outof prior trade recommendation at its discretion before publicly publishing new trade recommendation due to processing time.Discretion should be allowed at +/- 0.20% of the price at the time each TR is issued from the target.CPM’s preferred investment strategies use physical, futures, forwards, and options.Disclaimer – Past performance is no indication or guarantee of anticipated future profits, and neither Kitco Metals Inc. nor CPMGroup can accept any liability or responsibility for any loss suffered as a result of gold price fluctuations. Gold as a commodityis not a specified investment for the purpose of giving advice under the Financial Services and Markets Act 2000. Therefore thistrade recommendation does not give rise to rights to claim compensation under the Financial Services Compensation Scheme. CPMGroup is a registered CTA with the U.S. NFA and CFTC. At times the principals and associates of CPM Group may have positions inthe precious metals, commodity, and equities markets. CPM Group also manages investment and industrial positions in markets forits clients.This message was intended for[emailprotected], as a subscriber and/or customer of Kitco.Advertising | | | Contact us |All logos, brand names and/or trademarks that appear here are the property of their respective copyright holders.© 2024 Kitco Metals Inc. 620 Cathcart, Suite #900, Montreal, Quebec, H3B 1M1 Canada.
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