Time to step into Gold and Bitcoin? – Veteran Trader Chimes In
Gold prices ended lower Monday but one expert sees it as an excellent buying opportunity. “I am looking to buy gold right now, $1260, $1265 is a great level to step in,” Todd ‘Bubba’ Horwitz told Kitco News on Monday. Next time the market nears $1,300, Horwitz said he is looking for gold to break through that key level. “One thing we have to understand about markets is the best thing to happen to them is a little bit of selling pressure, to ease up and bring more new money in,” he said. Horwitz also spoke about bitcoin breaking past $3,000 to later fall back to about $2,500. “The overall bitcoin has been on fire…but it is like any other chart, when it goes straight up, it is going to have a sell-off,” he said.
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