Gold Bull Revival Post-Fed; What’s Next?

Gold still trading in the green as the market continues to digest this week’s Federal Reserve rate hike and one veteran trader says he’s getting bullish by the day. ‘We’re seeing pretty good support for gold and silver,’ Todd ‘Bubba’ Horwitz of bubbatrading.com told Kitco News Thursday. ‘Right now, I’d be comfortable buying on dips until proven otherwise.’ However, the Chicago-based trader said he still sees one more pullback for the gold market before he becomes extremely bullish. (show less)

Gold still trading in the green as the market continues to digest this week’s Federal Reserve rate hike and one veteran trader says he’s getting bullish by the day. ‘We’re seeing pretty good support for gold and silver,’ Todd ‘Bubba’ Horwitz of bubbatrading.com told Kitco News Thursday. ‘Right now, I’d be comfortable buying on dips until proven otherwise.’ However, the Chicago-based trader said he still sees one more pullback for the gold market before he becomes ... (read more)

 
 
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Kitco News
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

 

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