In this presentation, Jeffrey Christian of the CPM Group addresses the recent fluctuations in gold, silver, platinum, and palladium prices, and explains what these significant price swings mean for the longer-term precious metals bull market.
Jeff discusses why gold and silver rose to record levels in January before falling sharply again, and whether such movements are normal after rapid price increases. He explains how trends, timing, and investor behavior influence short-term investment demand and what this means for higher prices in the long run.
He then addresses current comments on COMEX margin changes, the role of J.P. Morgan and other precious metals banks in the silver market, and claims of price manipulation.
Jeff explains how futures margins work, why they are raised during periods of high volatility, and how banks act as intermediaries for clients.
He also addresses Arthur Laffer’s renewed call for a gold-backed monetary system.
00:00 – The January gold price surge, decline, and current consolidation
04:05 – Trend lines, volatility, and long-term vs. short-term risks
08:55 – Silver, platinum, palladium: similar patterns, different drivers
11:45 – COMEX margins explained (what they do – and don’t do)
15:40 – JPMorgan, deliveries, and the myth of short position “dumping”
22:10 – Gold standards, bank incentives, and misconceptions about the
