Kitco News, Released on 12/18/19
The Fed will continue to be accommodative in 2020 due to a host of macroeconomic issues that are still unresolved, this according to Peter Hug, Global Trading Director of Kitco Metals.
“I’ve got a couple of issues with the markets from an equities perspective. First of all, I think the valuations are a bit extended. I don’t think the market has truly factored in the Brexit issue. With Boris Johnson being elected, they are going to leave the EU, but it’s just not that easy,” Hug told Kitco News.
Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading houses for precious metals. He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market. Peter has acquired extensive experience in the wholesale markets and international asset diversification. A frequent speaker at precious metals conferences and in the financial media, he is one of the handful of experts who have succeeded through multiple bull and bear cycles on the strength and skills honed during the dramatic fluctuations of the 1980s. As the Director of Kitco’s Precious Metals Division, Peter develops newer and better investment options for Kitco customers.