Bitcoin and Ethereum are the top two cryptocurrencies in the world. Over the past month, their price has risen dramatically, creating a great deal of buzz in investment circles. What does this mean to those who own gold and silver? The increased activity surrounding these two bellwether cryptocurrencies indicates a …
Two Noteworthy Developments Related to Gold
The Fed Talks Interest Rates This week, the Federal Open Market Committee released minutes from their May meeting. Some speculated the minutes would indicate that the Fed was reconsidering hiking rates in June. This thinking created downward pressure on the US dollar. However, the minutes offered little to support that …
Do We Really Want all this Tech? Gold as a Bridge to Reality
Artificial intelligence. Robo advisors. Trustless ledgers. Sounds like a world where humans aren’t responsible for doing much. Is this future world really coming? In some form, yes. All of these technologies are rapidly emerging, and the three mentioned are converging in the investment space at a rapid clip. Investment decisions …
Gold Will Always Shine in our Complex World
Gold continues to show just how important of a role it plays in today’s complex, modern, global, geopolitical, and financial world. After reaching a high near $1,300 per ounce last month, it retraced some of those gains, falling back to near $1,200 last week. A slight ease in the war …
China’s Shanghai Gold Exchange is Now an International Player
April, Financial Literacy Month, is often seen by those in the financial sector as an opportunity to educate people on how to manage their money within an existing financial system. At OWNx, we take a different approach by helping you understand what the role of gold and silver will be …
Gold Outlook Choppy Moving Into Summer
The outlook for the price of gold and silver continues to remain choppy over the next several months. Several factors are influencing the outlook. Seasonal factors: Historically, the price of gold and silver tends to flatten out over the summer months and regain strength in the fall when India’s festival/wedding …
The Price of Gold Reaches Multi-Month High
Gold and silver have had a nice run this week and the price of gold reached a five month high today. There are many factors contributing to the recent sustained strength. Geopolitical tensions remain on edge with the United States and Russia at odds over recent developments in Syria. Gold …
Gold and Silver Market Update
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. …
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 …
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 …