Rich Checkan, ASI President & COOPerspective

By Rich Checkan

I expect you will hear this quite a bit in 2019…

The time is now.

As mentioned last month, when looking for direction in these markets, my focus is exactly as it was in 2018… squarely on debt and the U.S. dollar. And, that is why I believe the smart money is accumulating alternatives to the dollar while the dollar is still strong.

The U.S. dollar is still currently showing a stubborn resilience above the key U.S. Dollar Index level of 95. But, it has also lost a third of a percent thus far in 2019, and it is down 1.5% over the past three months.

I believe the dollar’s resilience is simply due to the fact that no other major currency is currently strong enough to challenge it. So, it appears to be the strongest of a whole pool of weak currencies.

That strength is waning amidst a number of headwinds…

What to Expect Going Forward
As the year trudges on, I believe you will see gold continue to make gains. Anticipate them to be slow and steady through the first quarter.

The second quarter will be telling. When first quarter earnings are reported, I believe there is a distinct possibility the U.S. dollar will gain downward momentum while gold gains upward momentum. I anticipate this because I suspect the corporate earnings reflect benefits from tax cuts but have very little organic growth to propel stocks higher.

If that is accurate, the second half of this year should be quite challenging for the U.S. dollar and will be equally beneficial for gold.

To hear more on why I think the above scenario is the most likely course for 2019, be sure to register for my quarterly On the Move webinar with Chris Blasi of Neptune Global. Then, be sure to join us on February 20th to hear our thoughts and to ask any questions you may have of Chris and me.

Actions to Take Now
Whether or not that scenario develops, I believe the prudent investor is taking action now to protect themselves against the uncertainty and subsequent volatility.

The simple, time-proven strategy to achieve that protection is by buying gold. Gold is your wealth insurance. Gold remains relatively cheap for now. Gold is critical to achieving the peace of mind that allows you to sleep at night.

The time is now to do everything you can to Keep What’s Yours.

We have the gold you need!

—Rich Checkan