Why Peter Hug Hates Summer Markets – "For Pete’s Sake"

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Kitco’s Peter Hug talks about reaction in the gold market to last week’s monetary policy and unemployment data. Hug also talks about his expectations for gold and silver during the dog days of summer. Hug does not expect tapering in September and says it will not begin until the New Year. “I am closely watching the value of the dollar in August,” Hug added. He is also keeping a close eye on geopolitical risk in the Middle East after the U.S. issued a global travel alert on Friday. Tune in now to hear what he says about silver and his outlook for the precious metals markets. Kitco News, August 5, 2013.

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