Check out my YouTube interview—for a quick take on where things may be headed.
Gold is trading near an all-time high of $3,327/oz, up around 26% year-to-date. I hold a 25% position (my max) in an ETF that holds physical gold, with the remaining 75% in a government-backed money market fund.
What’s fueling gold’s rise? Central banks—especially China—may be preparing for a gold-backed currency, and gold remains a classic hedge against inflation. In addition, high tariffs on Chinese goods imported into the U.S. may be prompting China to sell U.S. Treasuries and dollars.
Meanwhile, the S&P 500 is down ~10%, and the dollar has weakened ~8% YTD. In contrast, the Euro, Yen, and Swiss Franc are each up over 10%. We could be witnessing a shift from a strong dollar policy to a weak dollar policy. That would make U.S. exports more competitive and could ease the pressure of financing our $37 trillion national debt. Higher Treasury yields make debt refinancing more expensive—so a lower dollar and lower rates may be the new playbook.
Currently, the S&P 500 and NASDAQ are trading below their 50- and 200-day moving averages, signaling increased risk. In this environment, preserving cash might be smarter than chasing returns. With trade tensions escalating and uncertain earnings guidance, we could be stuck in a high-risk, low-reward market until a clear catalyst emerges.
Bitcoin is down ~9% YTD, showing that digital gold hasn’t taken the throne from physical gold—yet. While gold is extended, I expect it to move higher.
I’m staying patient and keeping my stock watchlist fresh. I’m waiting for a Follow Through Day (FTD)—a key technical signal marked by a 1%+ index gain on higher volume, at least four days after a market bottom attempt. I’ll look for fundamentally sound stocks breaking out on strong technical volume when that happens.
I don’t expect the next bull market to be led by the “Magnificent 7” from the last one. Instead, I’m eyeing leadership for insurance, international banking, and precious metals stocks.
The market may be setting up for a great buying opportunity—but for now, gold could remain the winner. Until conditions improve, sometimes the best offense is not losing.
Most importantly, Jesus died for all sins. If we believe, we receive His grace.
Grace & Peace to you and your loved ones this Easter!
Watch List: ADMA, AEM, ATGE, AXON, DRS, EGO, ESLT, IBN, IDR, LRN, MRX, NWG, PEN, PLTR, PRMB, RBA, SFM, SNEX, STN, VIRT & PHYS.
Praise be to the God and Father of our Lord Jesus Christ! In his great mercy, he gave us new birth into a living hope through the resurrection of Jesus Christ from the dead. 1 Peter 1:3
If you know anyone who would like to receive these updates or invest with me, please Email or call me.
Dexter Lyons, Portfolio Manager
337-983-0676, ChristianMoneyBlog.net
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Actively Managing Risk Since 1990!