Fresh Money After Labor Day – "For Pete’s Sake" w/Peter Hug

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Kitco’s Peter Hug gives his take on gold and silver for the last week of August on this edition of “For Pete’s Sake.” Gold prices hit a 2.5-month high of $1,407.00 overnight while September silver futures prices hit a fresh 4-month high on Monday. Hug says a boost in gold prices may be possible as fresh money comes in after labor day. “The market remains constructive,” Hug added. With regards to silver, Hug says the market is fairly priced. “If gold breaks through to $1,424, then it is in the cards for silver to reach $25.20.” Tune in now to hear his take on the precious metals markets. Kitco News, August 26, 2013.

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