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Thread: Gold Needs This Before Another Rally Comes - Peter Hug

  1. #1

    Default Gold Needs This Before Another Rally Comes - Peter Hug

    Besides the Brexit deal, there are few catalysts to push gold up in the short term, said Peter Hug, Global Trading Director of Kitco Metals.
    “There’s no real urgency here to be jumping into the gold market. I’d like to see gold close above $1,322 before I initiate another long position,” Hug told Kitco News.




  2. #2

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    In other words, he is investing, using sentiment, on a false paper derivative price based upon a manipulated market. And why should we do the same?

    Just stack what you need and don't pay attention to the short term noise.

  3. #3
    Join Date
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    Quote Originally Posted by goldsilverpros View Post
    In other words, he is investing, using sentiment, on a false paper derivative price based upon a manipulated market. And why should we do the same?

    Just stack what you need and don't pay attention to the short term noise.
    Yupp! Not until JPM is ready.

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