Trading Strategies: Should You Buy Gold After Comey's Firing?

After President Trump fired FBI Director James Comey on Tuesday, investors are now wondering whether to buy gold, often viewed as a safe-haven asset.
Author:
Publish date:

After President Trump fired FBI Director James Comey on Tuesday, investors are now wondering whether to buy gold, often viewed as a safe-haven asset. 

"You don't need that knee-jerk reaction," previous-metals expert David Yoe Williams said Wednesday during Jim Cramer's monthly Trading Strategies roundtable, adding that he believes gold is in a long-term bull market for gold. "The [Comey news] strengthens the fundamentals behind the gold play."

What is Jim Cramer thinking right now? Subscribe to Real Money, our premium site for active traders, and get real-time market analysis from him and other great columnists throughout every trading day.