The migration of money from stocks to safety assets could soon reach a tipping point, CNBC’s Jim Cramer said Tuesday.
Gold and U.S. government bond prices have risen as many investors worry that a recession is looming. These investment instruments might not be riskier than most think as those who bought at lower prices take profit and the number of buyers whittle down, according to chart analyst Carley Garner.
“For months, investors have been moving their money into safe-haven assets like treasury bonds and gold,” the “Mad Money” host said. “But they’ve now run up dramatically and the charts, as interpreted by the always-astute Carley Garner, suggest that it’s time for both bond prices and gold prices to come down — or perhaps come down hard.”
Garner, co-founder of DeCarley Trading, thinks the benchmark 10-year U.S. Treasury bond has reached “unsustainable levels” with a combination of foreign investors seeking higher yields and domestic buyers fearing a significant downturn, Cramer…