Time To Step Into Gold and Bitcoin? - Veteran Trader Chimes In

Gold prices ended lower Monday but one expert sees it as an excellent buying opportunity. “I am looking to buy gold right now, $1260, $1265 is a great level to step in,” Todd ‘Bubba’ Horwitz told Kitco News on Monday. Next time the market nears $1,300, Horwitz said he is looking for gold to break through that key level. “One thing we have to understand about markets is the best thing to happen to them is a little bit of selling pressure, to ease up and bring more new money in,” he said. Horwitz also spoke about bitcoin breaking past $3,000 to later fall back to about $2,500. “The overall bitcoin has been on fire…but it is like any other chart, when it goes straight up, it is going to have a sell-off,” he said. (show less)

Gold prices ended lower Monday but one expert sees it as an excellent buying opportunity. “I am looking to buy gold right now, $1260, $1265 is a great level to step in,” Todd ‘Bubba’ Horwitz told Kitco News on Monday. Next time the market nears $1,300, Horwitz said he is looking for gold to break through that key level. “One thing we have to understand about markets is the best thing to happen to them is a little bit of selling pressure, to ease up and bring more ... (read more)

 
 
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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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