Gold Should Be Trading Higher Says Bubba Horwitz

Despite gains earlier this week, gold’s price is depressed and should be trading higher.
“[Gold] should be a lot higher,” Todd 'Bubba' Horwitz of bubbatrading,com told Kitco News, “we should be making new highs with the pressure on equities and what’s going on with the dollar.”
On equity markets, Horwitz said that investors should brace for volatility in the year ahead.
“I think the market is going to be really volatile, I think this is going to be a volatile year,” he said, “I think there’s going to be a big haircut coming in the markets, which means I think there’s going to be a bid for gold at some point.”
The metals have already priced in a higher dollar, so a rise in the dollar shouldn’t affect gold as much, Horwitz added. “I look for equities to go lower, interest rates to go higher, and I think gold will then find a bid.” (show less)

Despite gains earlier this week, gold’s price is depressed and should be trading higher.
“[Gold] should be a lot higher,” Todd 'Bubba' Horwitz of bubbatrading,com told Kitco News, “we should be making new highs with the pressure on equities and what’s going on with the dollar.”
On equity markets, Horwitz said that investors should brace for volatility in the year ahead.
“I think the market is going to be really volatile, I think this is going to be a ... (read more)

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