Joel Elconin – The Bond Bear Market and Gold Reestablished As A Safe Haven Trade
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the continued breakdown in bonds and the snap back rally in gold, back to $2,000. Investors are playing defense right now but not in the standard way of moving into bonds. As Joel points out, there is an alternative thanks to money markets paying 5%+.
We also look at the US markets which have been weak over the past 3 months but have not had the major moves down like the bond market. He provides key levels to watch on the daily charts.