Tags: kudlow | dollar | gold | reversals

Kudlow's 'King Dollar,' Gold Trading Advice Pays Off for Investors Who Listened

Kudlow's 'King Dollar,' Gold Trading Advice Pays Off for Investors Who Listened
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Tuesday, 01 May 2018 09:54 AM

Credit where credit is due.

Just after it was revealed that Larry Kudlow would take a position in the Trump administration, he couldn’t resist offering some commentary more suited to his role as CNBC pundit -- buy the dollar and sell gold, Kudlow advised on March 14.

“Well, that trade was not working well in the year leading up to that point,” Neil Dutta, head of U.S. economics at Renaissance Macro Research, commented in a note Tuesday.

Indeed, the Bloomberg Dollar Spot Index was off by 8.6 percent and gold had rallied 8.8 percent.

A month later, the prediction looks prescient. The dollar jumped 2.3 percent and gold sank 2.9 percent after Kudlow formally assumed Gary Cohn’s old role on April 2.

“Good call, Larry,” concluded Dutta.

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Larry Kudlow told investors in March to buy the dollar and sell gold, A month later, the prediction looks prescient.
kudlow, dollar, gold, reversals
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2018-54-01
Tuesday, 01 May 2018 09:54 AM
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