Gold Still a Good Buy at $1120 Level, Fed Has Lost Its Way: Bubba Horwitz | Kitco News
from Kitco NEWS
Gold prices ended the U.S. day session lower Tuesday, as a rallying U.S. dollar index is prompting selling pressure in gold and silver markets. However, senior market strategist, Todd ‘Bubba’ Horwitz of the Adam Mesh Trading Group, said that the metal is looking ‘pretty good.’ ‘Yesterday we had weak dollar and strong euro currency, today we have the opposite. At end of the day, I think gold found a nice level at $1,100 and we popped up at $1,140 – which is a pretty good level if you are a trader and want to take some profit,’ he said in an interview with Kitco News. December Comex gold was last down $8.10 at $1,124.50 an ounce. ‘I think you are seeing a profit taking mentality, more than an I’m getting out and I’m scared mentality,’ Horwitz said. The U.S. dollar index moved to its daily high, which prompted additional downside pressure on the gold market. ‘We will see more buyers step in – if we get through $1,140 we can get to $1,170. Technically it is starting to look really good – this is just natural selling and it is not concerning at all to me.’ On the silver front, Horwitz said he favors the metal over gold. ‘I love silver. It has a great chance to make a big rally and the risk is minimal here. You want to be buying silver at these levels,’ he said. December Comex silver was last down $0.461 at $14.76 an ounce. Kitco News, September 22, 2015.
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews
Source: http://financialsurvivalnetwork.com/2015/09/gold-still-a-good-buy-at-1120-level-fed-has-lost-its-way-bubba-horwitz-kitco-news/?utm_source=rss&utm_medium=rss&utm_campaign=gold-still-a-good-buy-at-1120-level-fed-has-lost-its-way-bubba-horwitz-kitco
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,352,662 |
| Stories: | 8,450,207 |
Whistler Blowers, Insiders
