Welcome to 2019! Don’t know about you, but I’ve never personally thought about this year, particularly. 2020 we talk about because — well, the numbers just have a nice ring to it. Guess we are attracted to round numbers, or perhaps especially numbers that repeat. Like twenty-twenty, which makes twenty-nineteen seem like such a mouthful. Aaah well. Once we’ve written a few checks with that date we’ll probably be fine.
Let’s start the year off by looking at why gold’s recent run is likely to hold up in the face of the usual bullish buying at the beginning of the new year. Back in the old days – meaning before 2008 – everyone thought January set the tone for the year. January earnings season was always watched closely for patterns within sectors and across equity groups.
What’s different this time around is massive accumulated US Federal debt and — oh, we’re getting ahead of ourselves. Let’s just bait you with “one other huge international factor.”