Jeffrey Christian says there will be less silver sold in 2018 than in 2017, and prices will be flat on the year. Here’s why…
There are a number of fundamental factors that could contribute to a rush into gold and silver in 2018.
In no particular order:
- Geo-political risk including trade war/tensions with China or Russia and shooting war/sanctions with North Korea or Iran
- Rising price for oil
- Weakening U.S. dollar
- Declining mine supply
- Flight to safety due to popping of bond, stock, real estate, or cryptocurrency bubbles
But casting any specific fundamental issue aside, such as any one of those just mentioned, Jeffrey Christian says to get ready for a whole bunch of nothing and even declining silver sales in 2018.
Here’s Christian as quoted in Reuters:
NEW YORK (Reuters) – Gold and silver investment demand is expected to be virtually flat in 2018, as geopolitical and economic concerns continue to draw buying interest, New York-based CPM Group said on Monday.
So on the one hand, we have “economic concerns” drawing interest in gold and silver investing, but on the other hand, it’s only enough to make investment demand get to “flat”.
When it comes to silver specifically:
Fabrication demand for silver, largely led by an uptick in solar panels, will drop because there is likely inventory sitting from purchases over the last few years.
“As a result, you’ll see less silver being sold in 2018 than in 2017, but it’s still an uptrend long-term because solar panels are still gaining in popularity,” Christian said.
So what does the person who personally attacked Steve St Angelo recently have to say about gold & silver prices in 2018?
Gold and silver prices will be flat in 2018, according to CPM Group’s outlook.
So there you have it.
The Former Goldman alumni Jeffrey Christian, who is the person who once called out the fractional reserve bullion banking scheme for what it is:
And who now won’t even consider whether precious metals prices are suppressed:
– Half Dollar