Published: 2022.05.05. Todd Horwitz: Gold is likely to continue to decline
The price of gold recently fell to almost a three-month low, triggering a massive sell-off. The market expert sees this situation as an opportunity for long-term investors to build up their positions in the precious metal, but traders should remain cautious: “Now is the time to buy gold if you want to store it. [...] But if you're trading gold, then you should be on the short side for now until it proves it can bounce back, which could take a while."
Another topic of the interview is technology promotions. The Nasdaq Composite had its worst month since 2008. According to Horwitz, the market is highly overvalued and overvalued: “I think we will see much more declines. [...] If they don't start pumping oil and lower inflation, which they don't, prices will continue to fall.”