One Year Later Trump Has Been No Friend to Gold Says Market Expert

President Trump's policies have been no friend to gold, this according to Todd "Bubba" Horwitz of bubbatrading.com. This week marks one year that Trump won the presidency and many experts thought his policies would have caused investors to seek gold as a safe haven. Gold has had a $200 range over the past year and is now back where it started, Horwitz said, adding that despite the headwinds the metal is holding strong."The Fed and its bubble-building empire has done everything to drive down the price of gold, but here sits the precious metal right where it started and building great support between $1,260 and $1,270. Between the growing popularity of cryptocurrencies and the new administration, gold looks great and is ready to go higher," he said. Horwitz also highlights that many economists thought the worldwide equity markets were going to collapse if Donald Trump won the election and became the next president of the United States. "The markets did not collapse. In fact, they have flourished, with U.S equities at all-time highs with a gain of almost 30%," he said. (show less)

President Trump's policies have been no friend to gold, this according to Todd "Bubba" Horwitz of bubbatrading.com. This week marks one year that Trump won the presidency and many experts thought his policies would have caused investors to seek gold as a safe haven. Gold has had a $200 range over the past year and is now back where it started, Horwitz said, adding that despite the headwinds the metal is holding strong."The Fed and its bubble-building empire has done ... (read more)

 
 
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