Stanley Druckenmiller: I sold all my gold on election night (then bought some back later)
Druckenmiller with a short talk at Sohn
Druckenmiller last year said to sell stocks and buy gold. Stocks rallied 19% since last May and gold is lower.
He said he sold all his gold on election night (it ranged from $1330 to $1275 that night) and then continued down to $1330 in December.
The Duquesne Capital president said he bought some gold back in late December and early January.
His appearance this year was short because he was introducing Kevin Warsh who repeated the anti-Fed themes from Friday.