Nov 01, 2018 Guest(s): Patrick Ceresna Founder & Chief Derivative Market Strategist, Big Picture Trading
Investors should brace for a possible bear market in equities for 2019, and there are a number of safe haven assets to turn to on top of gold, said Patrick Ceresna, founder and chief derivative market strategist at Big Picture Trading.
"I think everyone's a little too bearish on treasury bonds. If we start seeing a turn in the business cycle, as the market has to price out rate hikes that they've been pricing in, we may see a steepening of the yield curve and actually a lot of bonds may be a very good safe haven in the short-term," Ceresna told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco.
Ceresna said that gold may play the role of a safe haven asset, but investors would only flock to gold a little bit later.