Gold Is Ready to ‘Explode’, 2023 Will Be A ‘Commodities Boom’—Todd Bubba Horwitz
The comments below are an edited and abridged synopsis of an article by Cornelius Christian
Gold has held steady despite last week’s announcement of a 50 bps hike in the Federal Funds Rate. The precious metal is currently trading at $1,820 per ounce.
This signals that gold has a significant upside, according to Todd Bubba Horwitz, Editor of BubbaTrading.com.
“Gold feels, as does silver and platinum, like they want to explode to the upside,” he said. “They’re not waiting for an event, but an opportunity, to attract some new-money buyers that will push them out of these ranges that they’ve been trading at for quite a while.”
He predicted that in addition to precious metals performing well, 2023 would be a general commodities boom.
“I think in 2023, we’re going to have a commodities boom, and that includes the hard asset commodities of gold, silver, and platinum,” he said.
Horwitz spoke with David Lin of Kitco News regarding digital currencies and inflation/currency collapse.