In a recent interview with Kitco News, trader Todd ‘Bubba’ Horwitz discusses why he believes the Fed may finally end gold’s bear market.
The end of gold’s bear market may be closer than investors think and the event that will reverse the metal’s course might just be this week’s Federal Reserve monetary policy meeting, this according to veteran trader Todd ‘Bubba’ Horwitz. Speaking with Kitco News Monday, as gold prices hovered near $1,200 an ounce, he said he’s looking for one more move down before gold’s bear trend comes to an end.
Todd Horwitz made a prediction, explaining,
“This could be the week that it could possibly happen.”
At Pinnacle we have been bullish on gold for many months. With Trump’s fiscal stimulus, so will come monetary stimulus. It is only a matter of time before the Fed turns the free money spiget back on. Click here to read Our Post Election Gold Prediction.
Finally, Bubba believes investor funds will begin to flow into another precious metal: silver. He noted that,
“Until gold finally turns, silver will the place to be.”
