CPM Group’s Jeffrey Christian joined us today. He gave his opinion on why the gold and silver markets experienced such a violent crash, losing so much of their value in just two days. Jeff believes that it’s simple supply and demand factors kicked in and that the decline was long overdue. He believes that the metals could shortly bounce back to around $1400, stay in this range for quite a while and eventually reach new nominal highs again by 2020, although he’s not issuing any buy recommendations at this time. While he doesn’t think that the metals were in bubble territory, the smash down has taken out the remaining weak holders and it paves the way for a recovery at some point in the future.
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