Gold is Spinning Its Wheels

Gold Holding Up Pretty Well

To say that the price of Gold is spinning its wheels in the mud would be an understatement.

Frustration on both sides is seeping in as we see the price of gold one day over $1,200 dollars and the next day back under $1,200 dollars again. The holders of Short positions are getting impatient as they see higher interest rates day after day and no movement to the downside and the holders of long positions keep watching the equity markets looking for an overdue correction there to boost the price of Gold, but equity prices just keep going up.

With the midterm elections not too far off and an aggressive Fed trying to cool off the economy by aggressively raising rates, no one knows for sure which direction the price of Gold will take.

One thing’s for sure, the largest Gold traders on Wall Street are absent from the market just letting their algorithm programs dictate when to enter the market.

Also, after speaking to many financial advisors this week, it seems that this continued rally in equities is not caused by new retail investor money coming into the market, but by Wall Street Banks and investment houses adding to their proprietary positions.

Overall something has to give, but unfortunately it looks like we might just have to wait until the results are in after the midterm elections. In the time being I expect the ups and downs in the price of Gold will continue until some “significant news” hits the wires.

Technology and Precious Metals

Dillon Gage, a leader in technology in the Precious Metals arena, is constantly researching all the new enhancements in technology to give our clients a firsthand look at what’s just around the corner. These future developments will have profound implications on how we all do business in the Precious Metals landscape. We have made a commitment to you, our clients, to keep you informed so both you and Dillon Gage with stay ONE step ahead of our competitors.

Let’s look at Artificial intelligence (A.I.)

For those old folks like me who from time to time have some difficulties using computers, there is no need to worry that soon the computers will take over the world and you will be left in the dark.

Not yet, however they are seeping their way into our lives, affecting how we live, work and entertain ourselves. From voice-powered personal assistants like Siri and Alexa, to more underlying and fundamental technologies such as behavioral algorithms, autonomously-powered self-driving vehicles boasting powerful predictive capabilities and many more. These are several examples and applications of artificial intelligence in use today.

However, the technology is still in its infancy. What many companies are calling A.I. today, isn’t necessarily so. Software engineers claim that any piece of software having A.I. due to an algorithm that responds based on pre-defined multi-faceted input or user behavior, isn’t necessarily A.I. The program is not thinking on its own. Its only following instructions like some Precious Metal algorithm trading platforms being used by Wall Street traders today.

A true artificially-intelligent system is one that can learn on its own. We’re talking about neural networks from the likes of Google’s DeepMind, which can make connections and reach meanings without relying on pre-defined behavioral algorithms.

True A.I. can improve on past iterations, getting smarter and more aware, allowing it to
enhance its capabilities and its knowledge.

No one is sure whether or not true A.I. is really out there and already being used by the United States and Russia, but for sure there’s no stopping its evolution and its rise.

We have always fixated themselves on improving life across every spectrum, and the use of
technology has become the vehicle for doing just that. And although the past 100 years have
seen the most dramatic technological upheavals to life than in all of human history, the next 100 years is set to pave the way for a multi-generational leap forward. (I guess I’ll miss this piece of history.)

Many of us are familiar with the most basic A. I. systems in many homes today. A.I. systems are merely advanced machine learning software with extensive behavioral algorithms that adapt themselves to our likes and dislikes. While extremely useful, these machines aren’t getting smarter in the existential sense, but they are improving their skills and usefulness based on a large dataset.

Siri and Alexa are examples of the most popular examples of artificial intelligence that’s being used today.

Almost everyone is familiar with Apple’s personal assistant, Siri. She’s the friendly voice-activated computer that we interact with on a daily basis. She helps us find information, gives us directions, add events to our calendars, helps us send messages and so on. Siri is a pseudo-intelligent digital personal assistant. She uses machine-learning technology to get smarter and better able to predict and understand our natural-language questions and requests.

Alexa’s rise to become the smart home’s hub, has been somewhat meteoric. When Amazon first introduced Alexa, it took much of the world by storm. However, its usefulness and its uncanny ability to decipher speech from anywhere in the room has made it a revolutionary product that can help us scour the web for information, shop, schedule appointments, set alarms and a million other things, but also help power our smart homes and be a conduit for those that might have limited mobility.

So sit back and experience the future as it evolves. It’s nothing short of amazing.

Have a wonderful Friday.

Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. 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. 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.