Peter Hug: Gold price not ‘suppressed’ by spoofing and manipulation, here’s why

Kitco News, Released on 10/9/20 Manipulation of the markets through spoofing distorts prices on a short-term basis, but has very little impact on the long-term trends, said Peter Hug, global trading director of Kitco Metals. “It does distort pricing on a short-term basis, but does it materially hurt a retail investor on a longer trend? […]

Peter Hug: The Case For Gold And Silver Right Now

Financial Survival Network, Released on 9/28/20 There’s an increasing level of fear both in the US and worldwide. The Fed was looking for the administration to get another fiscal package to help move things forward. Economic data has been relatively benign. In Europe there’s fear of another Covid wave. Peter doesn’t expect the economy to […]

Are gold and silver stuck in a range? Peter Hug on catalysts for next big move

Kitco News, Released on 9/17/20 Gold and silver prices have been trading rangebound, but the price patterns suggest that the metals are currently consolidating and are ready to see the next move, said Peter Hug, global trading director of Kitco Metals. “The fact that people are not selling into a market that isn’t as frenetic […]

Ignore the noise, this is a race to the bottom – Peter Hug

Kitco News, Released on 9/3/20 With holidays and families preparing for the fall, there are not that many traders, which leads to all sorts of volatility, said Peter Hug, head of Kitco’s precious metal division. Hug spoke to Kitco News on Wednesday when October gold futures traded down $35.40 to $1,935.40. “During the last week […]

Why the gold price drop was just more positive news for precious metals – Peter Hug

Kitco News, Released on 8/28/20 (Recorded on 8/27/20) Despite Thursday’s precious metal sell-off, conditions have not changed for gold and silver, said Peter Hug, division head for precious metals at Kitco. Speaking to Kitco News on Thursday, Hug said conditions are positive for gold due to the amount of fiscal support provided by banks. “The […]