OUTLOOK 2014 – Peter Hug Gives The Fed Credit: A Holiday Miracle!

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Kitco News welcomes back Santa Pete to talk about gold, the U.S. economy and the Fed’s recent taper announcement. “I was surprised Bernanke took the chance and announced tapering ahead of Christmas,” Hug says. “I thought it was a dangerous maneuver because of what it could have done to the equities market.” However, Hug gives Fed Chair Bernanke credit for clearly stating that interest rates would remain at zero for the coming year. “He’s basically giving the market a green light,” Hug says. Regarding gold, Hug says that although the trends have been negative for the metal, he still expects “massive trading opportunities” in the coming year. “I’d certainly maintain a core position in a hard asset,” he adds. Tune in now to hear Hug’s trading range for the yellow metal. Kitco News, December 20, 2013.

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