Could Mario Draghi Surprise The Market? – Peter Hug

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Peter Hug is back on Kitco News to give us his take on gold and silver prices during this heavy economic data week. Hug said the two main drivers pushing down gold prices are the strengthening US dollar and the lack of physical buying in the market. However, he says that if gold and silver prices continue to trend lower, this may prompt some physical buying. Looking over to Europe, Hug says he expects ECB president Mario Draghi to release more details of his QE program on Thursday, after introducing the plan at last month’s meeting. “There will be a number of questions surrounding the program; the first question will be the size of it.” Finally, Hug comments on the gold-silver ratio and shares some trades for investors. Tune in now for his comments on the pro-democracy protests in Hong Kong and what he expects the Fed to do following Friday’s nonfarm payrolls. Kitco News, September 30, 2014.

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