Kitco News continues its Outlook coverage with the one and only Santa
Pete, who gives his 2014 forecasts for gold and silver. He says the
market was oversold last week in anticipation of tapering, which
explains the bounce on Tuesday. "I just don't see it," he says. "I think
the U.S. economy is mending slowly. I'm not saying tapering is not
going to happen. I've been saying it's not going to happen this year,"
he adds. Hug thinks the trend next year will be for higher yields and
that could have a negative impact on the metals. However, given the debt
ceiling issue coming up, Hug says there could be a surprise on the
upside short term. Tune in now to hear where Santa Pete thinks the
metals are headed. Kitco News, December 11, 2013.
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