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IPFS News Link • Gold and Silver

Gold Price Will See More Pain, Watch the Fed's Verbiage Warns Expert

• Stansberry Research

Gold prices dropped to a near three-month low on Monday, triggering massive selling pressure. "I think this is the spot you should be looking to buy some gold if you're going store it," said market expert Todd "Bubba" Horwitz, the founder of bubbatrading.com. If investors want to trade gold, Horwitz said that they should be "on the short side now until it proves it can go a little higher again and it could be a while." Nasdaq concluded its worst month since 2008 and Horwitz believes that the market is so overvalued and overpriced and until they are "pumping oil and bring down inflation" the market will continue to fall.


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