Druckenmiller Reverses: Is Buying Gold Again
One day after Trump unexpectedly won the presidential election, a no less surprising announcement came from hedge fund legend and central bank skeptic, Stanley Druckenmiller, who on November 10, told CNBC "I sold all my gold on the night of the election." Why? Because “all the reasons I owned it for the last couple of years seem to be ending", first and foremost his expectations that inflation is now set to spike, forcing money out of safe assets - like gold and Treasuries - and into the US Dollar.