Gold Market Has Bearish Tone, No 'Mojo': Peter Hug

Kitco's Peter Hug is in studio to talk about gold, silver and the PGMs on this edition of "For Pete's Sake." Hug says he thinks the gold market has a bearish tone to it and he was looking for more safe-haven demand for the metals given the geopolitical tensions in the Middle East. "With what's happening in Iraq, I would've thought there would be a lot more 'mojo' behind this market to push it up." Hug remains bullish on the platinum group metals and says he is watching the gold/silver ratio for a trade there. Hug also comments on the FOMC announcement Wednesday and says it will most likely be a non-event. Tune in now to hear more of Hug's metals insights as well as to find out which team he is rooting for in the 2014 World Cup! Kitco News, June 17, 2014.