Gundlach doubles down on weak-dollar call after resilient 2019

Bloomberg/Katherine Greifeld and John Gittelsohn

photo of gold bars atop a $100 bill“Billionaire money manager Jeffrey Gundlach said his strongest market conviction is that the still-resilient dollar will weaken.”

USAGOLD note:  Back in August of last year after gold had breached the $1400 mark, Gundlach predicted gold would rise to $1600-$1700.  It would be interesting to know where he stands on gold now that is breached his low-end target (even thought we have had a pullback from that level).

Repost from 1-8-2020

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