The price of Gold is holding up remarkably well as the Dow, S&P and Nasdaq are setting new records every day.
Gold is seen benefiting from a weaker U.S. Dollar and softer Treasury yields this morning.
Technical numbers you should follow in Gold are the 100-day spot moving average at $1,273. Traders are watching this level for support.
For those who follow the price of silver, the 100-day moving average to watch for is $ 16.90. Technical indications show strong resistance at that level in spot.
Chairwoman Janet Yellen’s days are numbered as the names of the two front running candidates were released to the press. The two leading candidates are Kevin Walsh and Fed. Governor Jerome Powell. Both gentleman are viewed as hawkish, not good for Gold investors, as their previous posture would indicate that they would be more aggressive in raising interest rates.
Blockchain Technology – It’s Time
In the light of Equifax’s massive data breach, isn’t it time to introduce a new and secure mechanism that can be used to protect everyone’s identity?
We have come a long way from the door to door encyclopedia salesman with his hand-written sales-pad. While we enjoy the convenience and global product choice available through eCommerce, everyday we discover just how vulnerable personal information can be. But with this new Blockchain technology and all your information can be put on a secure chip. This development can be utilized by the government to replace your Social Security and driver license number. (But with what’s going on in Washington, that might be light years away.)
Even your medical records, bank statements and brokerage account can be all held in this secure
place. A place only you control. It’s something like what the credit card companies offer now, but seemingly useless in a data breach is a “credit lock.” You determine when someone can look at your credit report by opening and closing the information.
It’s time we keep our personal information to ourselves and only release it when it’s totally necessary.
True, the internet has opened technologies we only dreamed of, but the time has come to secure what’s most important to each and every one of us.
Now for each and every consumer Blockchain technology offers the potential for individuals to control access to personal records and know who has accessed them.
Not in the future, but today, Blockchain technology is exploding at all levels of business. There are firms working today to develop hardware, software, and business models that can eliminate the risk of a future data breach and at the same time, enhance business applications that making their companies more efficient, reducing costs and enhancing their bottom lines.
There are some companies that are even developing a way only you can retrieve your personal
data using biometrics (a scan of your fingerprints or iris).
The sceptics will say give it some time. Someone will figure out a way to break the code. Maybe, but in the meantime your personal data continues to be seriously compromised and any new promising development is welcome.
Have a wonderful Wednesday.
Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice and cannot be attributable to Dillon Gage. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.