Name: $5,000 Gold Next Or Collapse First? Coming Shock Revealed | Jeff Christian
Uploaded: 2026-08-25T21:45:21+00:00
Duration: 2044 s

Speakers

Jeff Christian — Managing Partner, CPM Group

Summary

Jeff Christian reviews CPM Group's gold and silver outlook, explaining why gold could still rise toward $4,800-$5,000 by year-end despite possible pullbacks. He discusses Treasury and yen interventions, inflation, the U.S. dollar as a parallel safe haven, and election risks. He also gives views on copper's overbought speculative run and oil's near-term upside but longer-term downside.

Jeff expects gold to rise into year-end with possible pullbacks, maintaining a $4,800-$5,000 target.
Failed yen intervention and Treasury buybacks are seen as signals of fiscal and monetary stress supporting gold and silver.
Gold may retrace toward $4,000 before $5,000 as investors take profits.
The dollar is viewed as a least-worst safe haven that can rise alongside gold.
Copper's AI/data-center-driven rally is viewed as overbought with election-related selloff risk.
Oil may see near-term upside but longer-term sideways-to-lower pressure.
Inflation is expected to remain above 3% and possibly 4-5%, underpinning precious metals demand.
U.S. political and midterm uncertainty is expected to sustain market volatility.

Ideas

Jeff Christian Managing Partner, CPM Group 1:11

Gold rises to $4,800-$5,000 by year-end.

CPM Group's average 2026 gold forecast is about $4,450, and Jeff expects gold to rise into the $4,800-$5,000 range by end-2026, possibly into 2027; the annual average may be revised higher because August prices are already above the expected path and upward pressure continues on economic, financial, and political instability.

Jeff Christian Managing Partner, CPM Group 4:15

Yen intervention fails; yen likely under pressure.

The U.S. Treasury and Bank of Japan yen intervention is unlikely to work and signals a return to discredited currency policies; because interventions cannot reliably reverse currency moves, the yen is likely to remain under pressure and the intervention is not a positive for the yen or Japanese economy.

Jeff Christian Managing Partner, CPM Group 6:01

Fiscal failures boost gold and silver demand.

The failed yen intervention and the Treasury's doubling of bond buybacks are read as signs of discredited monetary and fiscal management and economic weakness; this supports investment demand for gold and silver because investors see U.S. fiscal management as problematic amid persistent inflation.

Jeff Christian Managing Partner, CPM Group 10:21

Dollar is least-worst safe haven now.

The dollar is currently a safe haven alongside gold; while it may not inspire long-term confidence, it is still the best of the worst sovereign credits and the least-worst place to park large volumes of money, and dollar and gold can rise at the same time as in 1979.

Jeff Christian Managing Partner, CPM Group 26:07

Copper overbought; election selloff risk.

CPM likes copper's longer-term supply and demand fundamentals, but Jeff thinks the copper price has run ahead of itself after six-to-eight weeks of speculative AI/data-center buying; if Democrats gain the upper hand in the election, copper could see a significant selloff as data-center demand expectations are hit.

Jeff Christian Managing Partner, CPM Group 31:31

Oil near-term upside, longer-term lower.

Jeff expects shorter-term upside pressure for WTI oil but longer-term sideways-to-lower pressure; around $86 per barrel is slightly elevated, with market-clearing near $86 if industrialized real GDP growth exceeds 1.5% and closer to $70-$75 if growth is below 1.5%.

$5,000 Gold Next Or Collapse First? Coming Shock Revealed | Jeff Christian

Summary

Ideas

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