Waiting For Labor Day: "For Pete’s Sake!" w/ Peter Hug of Kitco Metals

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We’re looking forward to the FED’s Jackson Hole meeting and waiting for labor day in today’s episode of “For Pete’s Sake!” featuring Peter Hug of Kitco Metals. Hug discusses the recent price activity, and although he does believe activity is returning to the markets he still sees gold within a range; nevertheless, gold will test the $1630 levels of resistance, but it may require further catalysts to sustain gains. There’s been some hint of stimulus to be announced at the Federal Reserve’s Jackson Hole, WY meeting next week, also likely supporting the recent gains we’ve seen; Hug explores this further. Kitco News, August 21, 2012.

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