Druckenmiller Loads Up on Gold, Saying Bull Market Exhausted
- Billionaire says gold is his largest currency allocation
- Druckenmiller's portfolio is up 8 percent so far this year
Brian Belski: Bull Market Is Still Very Much Alive
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Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said the bull market in stocks has "exhausted itself" and that gold is his largest currency allocation.
Druckenmiller, speaking at the Sohn Investment Conference in New York on Wednesday, said while he’s been critical of Federal Reserve policy for the last three years he expected at that time it would lead to higher asset prices.