For Pete’s Sake: Bernanke Keeps Gold on Hold

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Kitco News talks with Peter Hug about Bernanke’s address and its effects on the gold market. According to Hug, the Fed’s quantitative easing will continue and the $25 jump in gold was an illogical move. He adds that Bernanke’s speech shows that nothing has changed. Hug also says that he is selectively bullish and his strategy remains to “buy dips and sell into rallies.” Finally, Hug states that the underlying fundamentals may lead to a price appreciation for precious metals. Kitco News, May 27, 2013.

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