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Kitco News continues its Outlook coverage with the one and only Santa Pete, who gives his 2014 forecasts for gold and silver. He says the market was oversold last week in anticipation of tapering, which explains the bounce on Tuesday. “I just don’t see it,” he says. “I think the U.S. economy is mending slowly. I’m not saying tapering is not going to happen. I’ve been saying it’s not going to happen this year,” he adds. Hug thinks the trend next year will be for higher yields and that could have a negative impact on the metals. However, given the debt ceiling issue coming up, Hug says there could be a surprise on the upside short term. Tune in now to hear where Santa Pete thinks the metals are headed. Kitco News, December 11, 2013.
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As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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