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Don’t Count Gold Out Yet, Everything is in Place – Peter Hug

Financial Survival Network, Released on 11/19/19

Doubtful that a China deal will happen. Brexit is delayed but not forgotten. The stock is just not valid from a fundamental perspective. Risks are to the downside. Tax-loss selling ahead. The Fed will have no choice but to cut in 2020. After the spectacular run up in metals it make sense that there would be a pullback. Trillion dollar deficits, China in a slow down, how can it be bearish for gold? Anyone sourcing product out of China is seeing their costs go up and it will eventually be passed down to the consumer. Can it not have an affect on the stock market? Hong Kong is buying metals aggressively and selling off HK$ for US$. Iran is melting down. Demonstrations and riots are heading close to a tipping point. There are so many countries approaching political metldown. Just pick one and watch what happens next.

Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading houses for precious metals. He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market. Peter has acquired extensive experience in the wholesale markets and international asset diversification. A frequent speaker at precious metals conferences and in the financial media, he is one of the handful of experts who have succeeded through multiple bull and bear cycles on the strength and skills honed during the dramatic fluctuations of the 1980s. As the Director of Kitco’s Precious Metals Division, Peter develops newer and better investment options for Kitco customers.

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