EDITOR'S NOTE: “The markets don’t act the way a lot of people think they should,” begins CPM Group's Jeffrey Christian, laying out the expositional thesis for his presentation. In fact, markets almost never fit the narratives that mainstream financial thinking “imposes” upon it, giving complex financial interactions a clear causality, a beginning, middle, and end. If you accept that premise, then wartime markets can sometimes be even more inexplicable; producing movements that are counterintuitive or contradictory. Interestingly, Christian takes a major shift in his presentation from explaining why gold and silver prices are moving counterintuitively, defying analyst expectations, to a thorough analysis and forecast of the Russia-Ukraine war, focusing equally on Russia, China, and the US. To understand (or even just to observe with better insight) the current wartime markets, you have to gain a wide perspective of the underlying forces that are driving the political and economic environment. The presenter below does his best to lay it out for you in detail.
Source: Kitco News
When gold and silver move counterintuitively, look at other things that may be affecting the market.
CPM Group's Jeffrey Christian discusses several reasons gold and silver are moving counter-intuitively to how some may think. He discusses the intermarket relationship between gold, silver, and other assets over time; how Russia and politics are affecting prices; and how the United States could have prevented this war by being leaders instead of participants.