Gold's Confusing Signal: Why the Safe-Haven Trade Isn't Playing Out as Expected

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**SPEAKER_2** (1:09)
This is Invest Talk from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Justin Klein.

**Justin Klein** (1:23)
Good afternoon, fellow investors, and welcome back to Invest Talk. This is our, what are we, Wednesday? Wednesday, June 6th, June 6th. I'm looking at a 6th, so it's not June 6th, it's June 3rd.
June 3rd, 2026 edition of Invest Talk. Appreciate you all tuning in. So much to talk about on today's show. Very interesting markets that we were just starting to see. A little weakness today. One day doesn't make a trend, but certainly a lot to unpack. Why that might have happened. We had big earnings after hours from names like Broadcom. There was one other big one as well. I can't remember the top of my head, but both were down pretty big. I think it was a software name. I'll remember it later in the show. But my point here is a lot to unpack, a lot of economic news that we'll get to.
Most importantly will be your calls. Whatever is on your mind, don't hesitate to pick up the phone, give us a call, 888-99-CHART is the number. As always, whatever money question came to mind, maybe you thought about it last night while you're laying in bed, maybe it's something that sparked your interest today at work, or maybe a headline you saw and you're trying to decide whether you should take that seriously or not. Whatever it is, we are here for all of it.
I encourage you to give us a call 24 hours a day, seven days a week, 888-99-CHART. Now, as you like to know, we wrapped up our Invest Talk Wealth Webinar on May 6th about inflation, and we now have a recording over on our YouTube channel, so go check that out. But most importantly will be our next one, which is about income. And our next Wealth Webinar is coming up on June 30th, so less than a month away, Tuesday, 12 to 1 p.m. Pacific Time. Tuesday, June 30th, 12 to 1 p.m. Pacific Time. Beyond the Yield, How to Invest for Your Income Needs. Very important one.
In today's world where more and more people are retiring, they're looking for that income generation without the large potential loss, which can happen if you overstep your risk boundaries. And we're going to look at that. Where does it make sense to take a little risk? Where do you want to completely avoid? All of that, when it comes to income, we're going to look at it. So head over to investtalk.com and register. Now in just a bit, we'll talk about today's market performance. We'll run down the show topics that we'll touch on in the hour. But as usual, we'll tackle this first caller question now. Oh, we're doing a live call. I thought it was going to be okay. We're going to talk to Richard in Santa Clarita. Let's talk about treasury bills.

**Richard** (4:05)
Yes. Thanks, Justin, for once again taking my call. I've been a listener of this show for a long time, like over 10 years. And I try to catch every episode. But one of the things, I have a question going back to what Steve Peasley used to say, and maybe emphasized it because it was where the conditions back then. But he always said that whenever the 10-year treasury is lower than the two-year, when you have the inverted rate there, he said historically, always, it follows with a recession.
And he said that that recession, it may not be next month or in five months or maybe even 18 months. But we did have a period of time, a while back, where the was an inversion that took was a long time lasting. And then finally, it's, you know, switched back to more, you know, the normal. So does that mean, and given what you've said about, there are so many factors now from the war to AI and a lot of things confident, will that, how does that hold? I mean, taking that into consideration, I don't think we've had a recession since the last inversion.