Gold Price Is Not Done Falling, This Is The Next Leg Down Says "Bubba" Horwitz

New York (June 21)  Gold investors should eye an even lower target from current levels, as there is currently no need for a flight to safety, said Todd “Bubba” Horwitz.

“I think soon there will be good news, but I think we’ve broken down and violated a lot of key levels, and I think really, the next real level that I’m going to want to step in, unless we rally sooner, is probably around $1,240 [an ounce],” Horwitz told Kitco News.

Horwitz said that investors have been complacent with precious metals lately.

“I think that too many people are making too big a deal out of these trade wars and that is causing [a selloff in gold], and keeping a pressure on the metals right now,” he said. 

KitcoNews