Gold Holding $1,200, Expect More Volatility Ahead – Santa Pete

[youtube Bu5HQRilmZs]

Santa Pete is back! Kitco News speaks with Peter Hug about gold prices, retail sales and some tax loss strategies that may prove to help investors as we close off the year. Hug says he thinks the gold market has been resilient and he suspects between now and the end of the year, any surprise would be to the upside in the market. “It’s going to be very, very volatile over the next two or three weeks,” he says. “It’s difficult to discern whether this is a new trend.” Hug also shares a commonly used tax loss strategy involving gold and platinum. Tune in now to get his perspective of the gold market at current levels and don’t forget to tune in next Tuesday to “For Pete’s Sake” Outlook Special where he’ll look at the year ahead. Kitco News, December 9, 2014.

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: www.kitco.com/newsletter

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews

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.