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.
KITCO NEWS -- 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. April Comex gold futures last traded at $1,226.30 an ounce, up $25.60.
This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.
