Monday, January 19, 2015

CNBC: Which Safe Haven Asset are You Buying?

CNBC runs this poll on their web site.

"The week ahead is big in terms of market volatility, and investors are deciding on which safe haven to park their cash in."
"This week is likely to be the biggest week in terms of economic news since the announcement of QE3 by the Federal Reserve in September 2012," noted Evan Lucas, market strategist at IG, referring to Chinese fourth-quarter growth data on Tuesday and interest rate decisions from the European Central Bank, the Bank of England, the Bank of Japan and the Bank of Canada."
"Meanwhile, markets remain spooked following last week's decision by the Swiss National Bank to remove its currency cap, which sent the Swiss franc nearly 30 percent higher against the euro."
"Tell us which safe-have asset you like amid all these risk events."
Results of the poll as of the time of this post:

Which safe-haven asset are you buying?

Swiss franc
Total Votes: 5370
Not a Scientific Survey. Results may not total 100% due to rounding.

added note: here is a CNBC followup article on gold that supports our blog posts here about what may be going on with gold.

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