OPINION WITH PETER HUG
A spooked Fed
Peter Hug - Mar 3, 2020 10:48AM(Kitco commentary) - We have been telling our clients, who were concerned about the drop in metals against the back-drop of a collapsing global equity space, that the reaction was a normal pattern.
Gold and precious metals as part of a balanced investment portfolio
Peter Hug - Dec 6, 2019 03:16PM(Kitco News) - Investors that held the belief that metals were a valuable asset diversification tool did well in 2019.
Peter Hug: when gold goes above $1550, investors will rush in for the next leg higher
Peter Hug - Nov 26, 2019 09:22AM(Kitco commentary) - Peter feels that a slowdown is coming but that there won�¢??t be an official recession in 2020, perhaps 2021. The overall equity markets will likely be flat next year because of the Fed�¢??s actions in keeping up the markets.
Gold bounces
Peter Hug - Oct 1, 2019 02:26PM(Kitco commentary) - Investors following my diatribes for the past few weeks bombarded me with amazing emails when I turned negative the gold market at $1,560 and silver at $19.40.
Gold and silver prices get slammed is it over?
Peter Hug - Aug 29, 2019 05:13PM(Kitco News) - Gold is down some $30 from the high today and silver at one point gave back almost .45 from the intra-day high. So is the bull market over?
The Fed gives the green light to gold rally
Peter Hug - Aug 23, 2019 12:12PM(Kitco commentary) - Fed Chairman Powell indicated the Fed would do what was necessary to keep the economy rolling, adding new momentum to gold prices. Reading between the lines, he said: "We are your back-stop and will create whatever liquidity is needed."
Gold Tests A Major Resistance Line
Peter Hug - Aug 12, 2019 04:11PM(Kitco commentary) - Coming back from a week off, it was noted that once gold broke through our $1,420 level, there was little in the way of resistance to hold back last weekâ??s surge.
Gold Price: After The Fed
Peter Hug - Aug 1, 2019 12:44PM(Kitco commentary) - We saw a classic sell the news event yesterday. The market, expecting more than the 25 bps priced into a Fed cut, was disappointed and the metals took it on the chin.
Gold Markets Critical Levels To Watch
Peter Hug - Jul 12, 2019 11:18AM(Kitco News) - Gold has been a somewhat difficult market to trade over the past two weeks, but our strategy of selling into strength around the $1,422 area continues to work.
Gold: Is This The Breakout?
Peter Hug - Jun 24, 2019 11:37AM(Kitco commentary) - In my 45 years in the business, I have never been more uncertain. As readers of my commentary know, I have been very constructive on gold since the $1,280 low some months ago.
Gold Zooms After Dovish Fed
Peter Hug - Jun 20, 2019 02:12PM(Kitco commentary) - Relatively easy call after consolidation and the Fed doing exactly what we expected. I am a seller at $1,392 and would re-enter once we get a close above $1,400.
Is This Gold's Breakout Day ?
Peter Hug - Jun 19, 2019 10:51AM(Kitco commentary) - Still a little foggy having just returned from the IPMI, where global banks/dealers and refiners met for our annual conference.
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