“I’m not convinced that Obama is going to get the approval he is looking for to do the surgical strike,” Hug says. He also talks about South African strikes and job numbers coming out on Friday. With regards to the strikes, Hug says this will be bullish for the precious metals sector. “I remain price positive on platinum, palladium and rhodium,” Hug said.
When asked about the BOE & ECB meetings on Thursday, Peter says he doesn’t think there will be any event occurring that will be negative for the metals from an interest rate and monetary policy point of view.