‘Bond King’ Jeffrey Gundlach bets on gold, sees rising recession chances, dollar decline
“DoubleLine CEO Jeffrey Gundlach is betting on gold. ‘I am certainly long gold,’ Gundlach said in an investor webcast Thursday. He added his trade is based on the expectation that the dollar will finish the year lower.”
USAGOLD note: It is not surprising that Gundlach is a gold owner given his current perceptions not just about the dollar but about the stock and bond markets as well. Gold may be the only logical refuge.