One Veteran Trader Sees an Opportunity of a Lifetime Coming for Gold Investors

Although gold prices continue to struggle, Todd 'Bubba' Horwitz remains in the bullish camp, even if he thinks the Federal Reserve will hike rates this year.

Author:: Daniela Cambone
Publish date:: Oct 14, 2016 4:15 PM EDT

KITCO NEWS - Although gold prices continue to struggle, Todd 'Bubba' Horwitz remains in the bullish camp, even if he thinks the Federal Reserve will hike rates this year. According to the host of the Bubba Show, gold stands to gain from a Fed rate hike, the same way it did last year. 'I see an instant replay from last year,' he told Kitco News Friday. However, even if gold has managed to stay above key support at $1,250 an ounce, Bubba wouldn't be surprised to see another pullback. 'A last push down will be a buying opportunity of a lifetime,' he said. December Comex gold futures settled Friday at $1,255.50 an ounce, down 0.17% on the day.

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.