Kitco News, Released on 5/28/20
After nearly two months of trading range-bound, gold is currently under a consolidation period, said Todd Horwitz, chief strategist of BubbaTrading.com.
“You’ve got the ultimate confusion in the market. There’s people trying to understand, is gold going to turn into a real currency because of what the Fed is doing,” Horwitz told Kitco News. “At the end it comes down to price and the price says that we’re in a state of confusion.”
Todd Horwitz — known as Bubba — is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.
‘Ultimate confusion’: what’s really holding gold and silver prices back? – Bubba Horwitz added by Herman James on
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