CPM Trade Signal - August 29, 2022
Be the first to know when a new trade signal is out! Click here to sign up for e-mail notifications. Recommendation: Stand asideGold prices broke below CPM Group’s previous sell recommendation of $1,740 earlier today. CPM recommends taking profits and standing aside. At his speech in Jackson Hole, Fed chair Powell reaffirmed that the Fed’s primary focus was reducing inflation even if it came at the cost of economic growth.
CPM has one-month, three-month ranges and eight-quarter quarterly price projections with greater discussion of the factors behind CPM'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 the complex web of factors affecting precious metals prices and the nuanced CPM analyses of these factors that goes into our firm's price projections. In addition to these short-term outlooks, CPM Group provides clients enhanced trade recommendations that include one and three month price projections, as part of our Retail Investor Program.
Position may be closed out once target price is reached, within the noted discretion or until CPM provides new trade recommendation. CPM may have reported to have closed out of 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. Disclaimer - Past performance is no indication or guarantee of anticipated future profits, and neither Kitco Metals Inc. nor CPM Group can accept any liability or responsibility for any loss suffered as a result of gold price fluctuations. Gold as a commodity is not a specified investment for the purpose of giving advice under the Financial Services and Markets Act 2000.
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