Markets throughout 2018 have teetered. Big moves down followed by large moves back up has netted a loss for the Dow and many other equity markets. Anyone who cares about their equity portfolio should be concerned. In fact everyone should could themselves lucky that the market is indicating that it’s time to take your profits and run for the hills. Of course there will be those who will watch like a deer in headlights as the market continues a downward trajectory from it’s crazy highs. Others, like CNBC hosts, financial advisors, and hedge fund managers will doggedly stick with it as they have no other profitable options to offer except go to cash. The problem with clients being in cash is it doesn’t bring a paycheque.
Gold and silver have been consolidating for several years. They have not experienced the volatility the stock market has, they have not fallen in value, and they remained poised to make tremendous gains going forward. We believe that an allocation of precious metals would be a wise insurance policy into 2019.