GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Tuesday, June 3, 2014

Gold To Hold $1,240 - $1,255 Ahead Of ECB: Peter Hug

Peter Hug comments on gold before the much anticipated ECB meeting and nonfarm payrolls data, both to be later this week. "It appears that what will happen on that Draghi will propose some cut in ECB rates, probably not a lot," Hug says. "If the ECB lower rates... it will continue to be dollar positive and create headwinds for the metals." Hug also comments on silver coin sales as well as the nonfarm payrolls expected on Friday. "I think the market will have some reaction if the nonfarm payrolls come out under 250,000," he says. "I'm expecting a number north of 275,000." Tune in now to get Hug's ranges for gold & silver as well as hear why he thinks Europeans may favor leaving the EU. Kitco News, June 3, 2014.

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