Kitco NEWS
Kitco NEWS sent this email to their subscribers on June 11, 2024.
| |||||||
Text-only version of this email
I X (ae] Vo | TRADE SIGNALSe UL R = | SAUDI'ARABIA AND bl RJeffrey Christian of CPM Group begins the presentation by providing historical context about the 1974 agreement between SaudiArabia and the United States, detailing the economic and political landscape of the time. He explains how the agreement was aimedat enhancing trade and investment relations between the two nations, and why the perception linking the agreement directly to oilpricing and the use of U.S. dollars is incorrect.He then discusses the specifics of the agreement, highlighting that it focused on expanding trade in goods and services, withoutmentioning oil, oil price, or dollars. It came after the OPEC oil embargo had thrown the world into a recession and the twocountries were seeking to repair their frayed relations.Moving to the present day, Jeff examines the reasons why this decades-old agreement has resurfaced in discussions, particularly inthe context of current global economic conditions and geopolitical shifts. He addresses the implications of these discussions forthe gold market, and what it may or may not mean for your investments in gold, silver, and other commodities.Click Here To Watch.Disclaimer – Past performance is no indication or guarantee of anticipated future profits, and neither Kitco Metals Inc. nor CPMGroup can accept any liability or responsibility for any loss suffered as a result of gold price fluctuations. Gold as a commodityis not a specified investment for the purpose of giving advice under the Financial Services and Markets Act 2000. Therefore thistrade recommendation does not give rise to rights to claim compensation under the Financial Services Compensation Scheme. CPMGroup is a registered CTA with the U.S. NFA and CFTC. At times the principals and associates of CPM Group may have positions inthe precious metals, commodity, and equities markets. CPM Group also manages investment and industrial positions in markets forits clients.This message was intended for[emailprotected], as a subscriber and/or customer of Kitco.Advertising | | | Contact us |All logos, brand names and/or trademarks that appear here are the property of their respective copyright holders.© 2024 Kitco Metals Inc. 620 Cathcart, Suite #900, Montreal, Quebec, H3B 1M1 Canada.
Show all