Today marked both the month and quarter end closing price for gold and silver. For those who watch technical indicators and moving-day averages, the failure of gold to close above the 200 day moving average at $1,262 indicates that a major upward move in gold may have not yet begun. …
Cryptocurrency Design – Green or Gold?
Within the FinTech world, there is a great deal of activity in the cryptocurrency space and there will be for the foreseeable future. Incubator labs around the world are designing new types of currencies. The last thing any of them want is to discover that they missed a variable that …
Gold and Silver Market Update 3/24/17
Gold and silver appear to be taking a pause after a strong two week run. During that time, the price of gold rose from $1,200 to about $1,250 at the close of this week. The price of silver had fallen to $17 but has risen to $17.83 at the time …
14 Large Retailers Closing Stores and Its Link to Gold
It was announced today that fourteen large retailers besides J.C. Penney are closing many of their brick-and-mortar stores. What does that have to do with the future spot price of gold and silver? A lot. It comes down to one word. Technology. The world is undergoing nothing short of a …
Real Interest Rates and the Gold Price
An interesting development has occurred in the markets that would suggest a sustained, multi-year rise in gold and silver prices is indeed around the corner. This week Fed chair Janet Yellen signaled what the FOMC’s intentions are on future interest rates. Prior to the meeting, some analysts were looking for …
DLT/Blockchain, the BIS and the Link to Gold as Money
Some of the largest global institutions are beginning to catch on that DLT (distributed ledger technology) is going to have an enormous impact on banking and payment systems. DLT has been around for years, primarily in the form of the Bitcoin blockchain. It’s stated benefits have been around nearly as …
FinTech “Financial Inclusion” Also Means Gold and Silver
One of the primary goals of financial technology is “financial inclusion.” This goal seeks to provide access to financial services to billions of people who are considered “unbanked.” This is a noble goal indeed, because access to money is the foundation for participating in the economy. FinTech Trends 2017 – …
An Unlikely Champion in a Return to the Gold Standard
It is interesting that recently there are increasing numbers of articles written discussing the merits of returning our monetary system to some form of the gold standard. One of the most unlikely people to be warming to the idea is, none other than, former Federal Reserve Chairman, Alan Greenspan. Alan …
DOW 21,000 – Gold Takes a Pause
Since the beginning of the year, both the DOW and gold have had impressive runs. The DOW now sits near 21,000 and gold has risen above the $1,260 level. It appears as though both may be ready for a pause. No market goes straight up, and the DOW has risen …