David Einhorn says the Fed will cut 'substantially more' than two times. So he's betting big on gold

David Einhorn says the Fed will cut 'substantially more' than two times. So he's betting big on gold

Greenlight Capital's David Einhorn anticipates the Federal Reserve will issue more interest rate cuts than what's being anticipated.

STOCK MARKET: David Einhorn says the Fed will cut ‘substantially more’ than two times. So he’s betting big on gold

Greenlight Capital’s David Einhorn anticipates the Federal Reserve will issue more interest rate cuts this year than what’s being anticipated and that’s giving him greater confidence in his gold bet. While rate cut expectations diminished a bit Wednesday following the much better-than-expected January jobs report, traders are still currently pricing in a more than 88% chance that the central bank will make two quarter percentage point cuts by th…

David Einhorn says the Fed will cut ‘substantially more’ than two times. So he’s betting big on gold

Greenlight Capital's David Einhorn anticipates the Federal Reserve will issue more interest rate cuts this year than what's being anticipated and that's giving him greater confidence in his gold bet.While rate cut expectations diminished a bit Wednesday following the much better-than-expected January jobs report, traders are still currently pricing in a more than 88% chance…