Investors are taking profits in gold, stocks, but why? Peter Hug

FromKitco NEWS Interviews

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Investors are taking profits in gold, stocks, but why? Peter Hug

FromKitco NEWS Interviews

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Length:

16 minutes

Released:

Jan 15, 2021

Format:

Podcast episode

Description

Gold’s reaction to bad economic data continues to be weakness; the precious metal is down almost 1% on Friday. Peter Hug, global trading director of Kitco Metals said that it is only a matter of time before the metal reverts course.

Released:

Jan 15, 2021

Format:

Podcast episode

Titles in the series (100)

Listen to a reprise of Kitco's interviews with top newsmakers.

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Peter Hug breaks down the ideal allocation into gold and silver: What is the short-term trend for gold? Is the long-term outlook still positive? How much, if any, of the metals should be in your portfolio now? Peter Hug, global trading director, answers these questions. by Kitco NEWS Interviews
15 min listen
E.B. Tucker: $2,500 gold price target and how to fight 'war on wealth' during Biden presidency: With odds now stacked heavily in Joe Biden’s favor, it’s now looking more likely that the next four years will see a Democratic president in the White House. E.B. Tucker, director of Metalla Royalty and “Why Gold? Why Now? The War Against Your Wealth and How to Win It” said that gold and gold royalty stocks still remain the ultimate weapons against the “war against wealth.” Tucker said that bigger government, more government intervention, and low interest rates are all likely to persist during a Biden Administration, creating tailwinds for gold. Tucker maintains $2,500 an ounce by the end of the year as his gold price target. by Kitco NEWS Interviews
20 min listen
Rick Rule: Top investing mistakes, new wave of gold bugs emerging: Gold investors are prone to making common mistakes that can be detrimental to a portfolio, including excessive diversification, picking companies that don’t adhere to an investment objective, and not sticking with management teams with proven track records, said Rick Rule, president of Sprott U.S. “If I had just hung out with the Ross Beatys, the Bob Quartermains, the Robert Friedlands, the Lukas Lundins, all of them I’ve done business with, by the time I was 35 and not bothered with the rest of the universe, I would have worked less hard and made more money,” Rule said. by Kitco NEWS Interviews
18 min listen
Gold price fell after last election, can it happen this time?: Presidential election uncertainty is going to continue to impact all markets, including gold, said David Erfle of JunioMinerJunky.com. Here's all the risks to look out for. by Kitco NEWS Interviews
10 min listen
Fed's impact on inflation: what investors got wrong - Steve Hanke: One of the main lessons from the last financial recession of 2008 is that the U.S. economy did not see double-digit inflation rates when quantitative easing was launched, said Steve Hanke, professor of applied economics of Johns Hopkins University. "All the gold bugs in the world said that the Fed was exploding its balance sheet, the narrow measure of money was going up very fast, we're going to have hyperinflation. No, we didn't have hyperinflation because the Fed is a very small part of the broad money picture, and broad money never grew very fast, it never grew more than about 5% per annum," Hanke told Kitco News. by Kitco NEWS Interviews
19 min listen
Economy to shut down again this winter says Lobo Tiggre, investor who called gold price drop: "If Biden is sworn in, he'll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They'll blame COVID-19, but for once, socialism might also get some of the blame for the trouble it causes..." said Lobo Tiggre of the Independent Speculator in a Tweet made last week. by Kitco NEWS Interviews
20 min listen
$100k bitcoin next year: why 2021 will shatter all records - OKCoin CEO: Bitcoin is becoming 'digital gold' and there is a case to be made for the recent price surge to continue to $100,000 by 2021, says Hong Fang, CEO of OKCoin, one of the largest crypto exchanges in the world. Fang argues that should bitcoin catch up to even 25% of gold's global market capitalization of $9 trillion, that figure would amount to a price range for BTC of $80,000 to $100,000. by Kitco NEWS Interviews
20 min listen
Scarcity is working in favor of the gold sector: Not only are macroeconomic conditions still positive for gold, but the scarcity of supply also runs in the metal’s favor, according to Rahul Paul, president of Radisson Mining Resources (TSXV: RDS.V). by Kitco NEWS Interviews
12 min listen
Investors should expect divided government, no tax increase, and stimulus delay: With the Republicans set to take the Senate and the Democrats already having the House, Matt Gertken, vice president of Geopolitical Strategy of BCA Research anticipates a divided government that is likely to result in no tax increases but potentially smaller, and delayed fiscal stimulus. by Kitco NEWS Interviews
16 min listen
Raoul Pal on why emerging markets will dominate in the next 5 years (Pt. 1/2): If Raoul Pal, CEO of Real Vision, had to choose one place to make a 5-year investment, it would be in emerging markets. “Very simple asset allocation. I’d buy bonds in case this economic growth doesn’t appear because the virus goes on longer, the vaccine takes longer to roll out, and we’ve seen shut downs in Europe and I think we’re going to get them in the U.S.. So buy bonds and buy emerging markets,” Pal told Kitco News. “If growth comes back, you’ll make a huge amount of money in emerging markets.” by Kitco NEWS Interviews
18 min listen
Gold goes higher because more stimulus must come - Hug: The stimulus will happen no matter who wins and that is good for metals and gold, said Peter Hug, Kitco’s head of the precious metal division. Hug spoke to Kitco News Thursday as Republican and Democrat leadership continued negotiating a COVID-19 stimulus package in excess of $2 trillion. Some Republican senators are holding out, but Hug said a deal will happen because there is too much pressure from businesses and the states. by Kitco NEWS Interviews
9 min listen
"I would be surprised if we don’t sell off" - Gareth Soloway shorts stock market by Kitco NEWS Interviews
23 min listen
Pfizer, Moderna vaccines: Will they work? When is delivery? McGill scientist answers: Both the vaccines from Pfizer and Moderna are categorized as messenger RNA vaccines, and the technology behind this is relatively new, said Dr. Joe Schwarcz, director of the Office for Science and Society at McGill University. Schwarcz outlines the process by which Pfizer and Moderna conducted their vaccine trials, and explains why vaccines are very low-risk. by Kitco NEWS Interviews
23 min listen
A 'sober' 2021 gold price target; say goodbye to 'phenomenal' drivers - HSBC's Jim Steel: 2020 has seen a “phenomenal” inflow of gold-backed exchange-traded funds, fueling an investment-led rally, but while ETF inflows are still expected to be strong, 2020’s level of inflows would be hard to keep up. Jim Steel, chief precious metals analyst at HSBC, said that gold will average a price of $1,965 an ounce in 2021, owing to competing macroeconomic forces; accommodative monetary policy will continue to provide tailwinds, but an unwinding of geopolitical risk from a Biden Administration will ease the appetite for gold. “Gold is sensitive to geopolitical risk,” he said. “If we’re going to get some rapprochement on the trade issues between the United States and the other countries, and it’s not just one country, it could be from several, and we also get a charm offensive from the Biden Administration to U.S. allies or to others, and the geopolitical risks come down and there’s progress made by Kitco NEWS Interviews
24 min listen
These are the dominant forces behind gold in 2021: Sustained low interest rates, coupled with large levels of debt and an eventual return to inflation will be the dominant drivers of gold in 2021, said Kevin Rich, consultant to the Perth Mint. by Kitco NEWS Interviews
18 min listen
Is the pain over yet for gold? Alain Corbani gives forecast: Gold has broken a critical support level, but there is not much downside left, said Alain Corbani, portfolio manager of Finance SA, who forecasts $2,500 an ounce for gold's upside target. The metal will be caught between conflicting macroeconomic forces next year: slightly higher negative real interest rates, but a weakening U.S. dollar. While gold has a negative correlation with negative real rates, ultimately, the dollar will prevail as the dominant driver of gold during this current phase of the commodity cycle. by Kitco NEWS Interviews
22 min listen
Don't ignore possibility of $1,000 gold price says Lobo Tiggre: Even though a bear case for gold is unlikely to happen, investors should not be sailing with their eyes closed and ignore the possibility of a pivot in fiscal and monetary policies, which would drag gold prices down, said Lobo Tiggre of the Independent Speculator. “It’s not something that keeps me up at night. It is something worth thinking about,” Tiggre said. “Here’s the scary thing, [gold] could go quite low. If you look at the big correction in the middle of the 1970s bull market, that was on the order of 50%.” by Kitco NEWS Interviews
22 min listen
How you should allocate between stocks, gold, and crypto - Frank Holmes: Another 40% move in gold in 2021 is "very doable" says Frank Holmes, who is looking for a range of $2,200 to $2,600 an ounce. Cryptocurrencies will continue to do well; Bitcoin will be driven by increased adoption, while Ethereum benefits from the latest developments in DeFi. by Kitco NEWS Interviews
17 min listen
Gold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanks: Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%). Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’. by Kitco NEWS Interviews
16 min listen
Why DeFi, not Bitcoin or Dogecoin, will be the next big crypto explosion – Clem Chambers: If you haven’t already bought into Bitcoin, or even the recent Dogecoin hype, it’s probably too late, and you should start looking into DeFi products instead, said Clem Chambers of InvestorsHub.com. by Kitco NEWS Interviews
20 min listen
Is copper the real winner of 2021? Gianni Kovacevic gives price forecast: The "future" is already happening now, and copper stands to benefit the most from the electrification of our economy, said Gianni Kovacevic, CEO of CopperBank. by Kitco NEWS Interviews
24 min listen
Gold price to fall to $1,000 before strongest boom in history – Harry Dent (Pt. 2/2): From 2022 on, I’d be buying gold hand hand in fist, it’s going to hold up better than most commodities,” said Harry Dent, founder of HS Dent, who is calling for gold to see its final rally to $2,200 an ounce next year before falling to multi-year lows until 2022. "I’m expecting gold to go up…when this crisis starts to build next year, it’s going to see more stimulus, it’s going to go up at first. I have a target of $2,200,” Dent said. “$2,200 is the strong resistance in the coming months and then crash back down to its 2015 lows, around $1,000.” by Kitco NEWS Interviews
14 min listen
Raoul Pal makes the case for $300 bitcoin in 18 months (Pt. 2/2): Bitcoin is like a call option to the emergence of cryptocurrencies in the world, said Raoul Pal, CEO of Real Vision. "I've never seen anything like what is going on right now. You have a limited supply asset that now is a globally recognized brand that everybody knows, but not everybody understands. What's happening now is institutions are coming into the space," Pal said. More information about cryptocurrencies from Raoul Pal can be accessed at Real Vision Crypto: https://www.realvision.com/crypto. by Kitco NEWS Interviews
22 min listen
This will be the trigger for the biggest stock market crash in our lifetime, says Harry Dent (Pt. 1/2): The cyclical bull market for equities is over; after December, stocks will begin a secular multi-year decline, starting with a 40% correction by April, said Harry Dent, founder of HS Dent. "If we see another new low in the stock market, I predict we are not going to see new highs on the Dow, S&P, NASDAQ, biotech, you pick anything...you're not going to see new highs on anything for decades," Dent said. by Kitco NEWS Interviews
22 min listen
Land assembly was a multi-year process at Fosterville South: The president and CEO of Fosterville South Exploration (TSX-V:FSX), Bryan Slusarchuk, likes to tout his neighbors in Victoria, Australia. Fosterville Gold Mine, owned by Kirkland Lake Gold, is one of the world's highest grade and lowest cost gold mines, and it is right beside Fosterville South Exploration. "At Fosterville South we've acquired and assembled over a multi-year process what we believe is the premier exploration ground in Victoria," said Slusarchuk, who spoke to Kitco last month. by Kitco NEWS Interviews
16 min listen
Gold price is set up to trade lower before bottoming – Chris Vermeulen: Both stocks and gold are showing technical chart patterns that suggest an imminent correction, said Chris Vermeulen, chief market strategist at TheTechnicalTraders.com. “It feels like the calm before the storm. I think this market, the stock market, is setting up for potentially a pretty big downdraft,” Vermeulen said. by Kitco NEWS Interviews
23 min listen
What market crash? Frank Holmes stays bullish on gold, stocks, for 2021: 2021 is not going to be the year of another market crash, said Frank Holmes, CEO of U.S. Global Investors. In fact, the economy is expected to see a substantial rebound, followed by a rally in gold, stocks, and bitcoin. by Kitco NEWS Interviews
21 min listen
Don't expect 'Santa Claus' rally into the New Year - Gareth Soloway: As the economy recovers, consumers are likely to rotate spending out of retail items and into other, bigger discretionary purchases, like vacations, said Gareth Soloway, chief market strategist at InTheMoney Stocks. by Kitco NEWS Interviews
23 min listen
'Silver has always been my first love,' says billionaire Thomas Kaplan in Kitco Exclusive: For the first time in 20 years, Thomas Kaplan, CEO of Electrum Group, has launched a new public silver producer. In an exclusive interview with Kitco News, Kaplan talks about his silver and gold projects and his outlook for the precious metals. In November, The Electrum Group went public with Gatos Silver (NYSE: GATO, TSX: GATO), which raised $170 million in its IPO. It was also one of the first precious metals companies listed directly on the New York Stock Exchange. Looking at commodity prices, Kaplan said that gold and silver are just at the start of a significant bull market. "Once silver stabilizes and gold is going up as some monetary metals, silver then starts to follow gold and then it gets octane and it surpasses gold," he said. "That's what happened during the financial crisis and we are starting to see that again." by Kitco NEWS Interviews
22 min listen
Why gold investors have taken profits but bitcoin traders haven’t, yet: A Democrat lead in the Georgia Runoffs election should be positive for gold, as more stimulus can be expected from a Democrat-controlled Senate, but instead, gold prices fell today. by Kitco NEWS Interviews
25 min listen

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Acquirers need to pay fair value - Yamana's Marrone: Zero premium acquisitions are a thing of the past, according to Peter Marrone, executive chair of Yamana Gold (NYSE:AUY) who stressed acquirers need to pay fair value. Marrone spoke to Kitco correspondent Paul Harris at BMO's Global Metals & Mining Conference held in Florida last week. Yamana recognizes that it may potentially be a target following the acquisition of Kirkland Lake Mining by Agnico Eagle Mines, given it has a 1 million ounces a year production profile at an all-in sustaining cost of around US$900 per ounce, and a number of development projects. by Kitco NEWS Interviews
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Fears of a hawkish Fed are 'ridiculous' - Ronald-Peter Stoeferle: With a wobbly economy and too much household wealth tied up in equities, the markets have less to fear from a hawkish Fed, said Ronald-Peter Stoeferle, responsible for fund management and research at Incrementum AG. Stoeferle spoke to Kitco on Tuesday. He said there may be a once-a-done rate hike instead of several rate increases some were expecting as the Federal Reserve tries to tamp down inflation. "Inflation numbers are coming down, so we can actually take a little bit more time with our rate hike campaign. I cannot emphasize it enough: I think the market is expecting [too] much hawkishness from the Federal Reserve. It's ridiculous," said Stoeferle. by Kitco NEWS Interviews
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These are the assets Jay Martin buys as safe havens: Jay Martin, CEO of CambridgeHouse and host of The Jay Martin Show, discusses with David Lin, anchor for Kitco News, the outlook for the economy and some of the safest assets to buy in the event of an economic downturn. by Kitco NEWS Interviews
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Battery metal entrepreneur pivots Ontario gold play after significant nickel intercepts: Tolga Kumova’s Aston Minerals (ASX:ASO) started out as a gold junior when the company hit significant nickel mineralization. Kumova was behind Syrah Resources, an African graphite company, which now has a valuation north of $600 million. The company recently signed up Tesla for an offtake agreement. Aston Minerals Edleston project is located about 60 Km south of Timmins, Ontario. The company announced 163.5m at 0.52% Ni & 0.016% Co from 186.5m at its Boomerang target. Kumova is executive chair of Aston. by Kitco NEWS Interviews
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The ultimate survival guide for gold, Bitcoin, and stock investors - Alex Mashinsky: Alex Mashinsky, CEO of Celsius Network, discusses with David Lin, anchor for Kitco News, the major investment themes of 2022, and which assets will perform the best. by Kitco NEWS Interviews
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Favor gold over silver in 2022, Fed rate hikes will have major impacts on economy - Gary Wagner: The Federal Open Market Committee has announced a doubling in the pace of asset tapering on Wednesday. The Dot Plots indicate that there will be an average of three rate hikes in 2022, three more in 2023, and two in 2024, all in increments of 25 basis points. Gary Wagner, editor of TheGoldForecast.com discusses with David Lin, anchor for Kitco News, the impact that monetary policy next year will have on financial markets. by Kitco NEWS Interviews
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The threat of higher rates in 2022 is real, here's what happens to gold and silver - Jeff Christian: 2022 will see silver and gold prices diverge once again, with silver falling by 2% while gold climbs in value, said Jeff Christian, managing partner of CPM Group. by Kitco NEWS Interviews
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Investors are taking profits in gold, stocks, but why? Peter Hug

Investors are taking profits in gold, stocks, but why? Peter Hug

Description

Titles in the series (100)

More Episodes from Kitco NEWS Interviews