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Thread: What To Do With Gold? Peter Hug Summer Series

  1. #1

    Default What To Do With Gold? Peter Hug Summer Series

    Peter Hug, global trading director for Kitco Metals said that while gold is not quiet near a bottom, current prices could provide some value for long-term investors. He added that although gold prices could go lower, the downside risk appears limited. The Gold market has been stuck in a downtrend, losing more than 10% since Mid-April. Because of current U.S. dollar strength, Hug warned that gold prices could fall to $1,180 an ounce before this downtrend comes to an end. He added that the ultimate sign of the bottom is when investors start dumping gold for no reason. “I am looking for people in essence to throw the baby out with the bath water,” he said. “I would like to see a washout in this market with a fundamental reason…We are not quite there yet.



  2. #2

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    What to do with Gold? ......
    Send all to Mytal @ Kitco . For I will try very hard to do something with it.


    There will come a time for those that go long.
    Last edited by Mytal; 08-07-2018 at 05:23 PM.
    Live Well* Love Much* Laugh Often

  3. #3

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    today 10 pct down, tomorrow 25 pct up?

    One of the dangers of the tsunamis is that the water first retracts and then floods everything.

    Better flee to higher ground when you see abnormal retractions.

    Golditiki2+++

  4. #4

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    Quote Originally Posted by Mytal View Post
    What to do with Gold? ......
    Send all to Mytal @ Kitco . For I will try very hard to do something with it.


    There will come a time for those that go long.
    Reminded me of this...

  5. #5

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    You need alot more gold.....
    Live Well* Love Much* Laugh Often

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