Gold Has More Potential To Run Ahead Of Trump Inauguration - Peter Hug

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CCFPress Press Manager United States 1420 Posts	Posted 01/19/2017 09:12 am Gold prices are holding above $1,200 an ounce after hitting a 2-month high Tuesday, and according to Kitco's global trading director Peter Hug, the metal could see more upside leading into President-elect Donald Trump's swearing in Friday. 'There's enough momentum in this market to get it into the $1,222-1,227 range before the inauguration on Friday,' he told Kitco News. Although he sees more upside ahead, Hug says there's still not enough momentum to be "absolutely bullish." 'But the market is stepping up and the technical pattern looks strong." February Comex gold futures settled the day at $1,212.90, an ounce up more than 1% on the day. Gwejlx_2sYA Report this Post to the Staff

moxking Rest in Peace United States 17900 Posts	Posted 01/19/2017 09:22 am Babble babble babble... Report this Post to the Staff
BigSilver Pillar of the Community United States 2843 Posts	Posted 01/19/2017 09:50 am Quote: Babble babble babble... I am starting to think the same every time I see one of these videos explaining why gold will be going up or down based on some event or another. I found it odd that large companies are offering gold for sale with the claim that it will go up. If they were so sure of that, they wouldn't be selling it.... Report this Post to the Staff
ikeyPikey Rest in Peace United States 233 Posts	Posted 01/19/2017 10:05 am "Babble babble babble...", indeed. Gold bugs always seem to think that gold is about to go up; they only ever differ about how much. Cheers, /s/ ikeyPikey Report this Post to the Staff
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