A busy week ahead, with a slew of corporate earnings, job reports and the newly released charges against the President’s former campaign manager Paul Manafort.
Now to this morning’s markets news.
The price of Gold up a little and off the lows experienced last week. A slightly weaker U.S. Dollar and softer Treasury yields helping keep the price of Gold afloat, at least for the time being.
According to my technical buddies the levels of support still stand at $1,261 in Gold and $16.48 in Silver. Any violation of these levels they expect an accelerated sell off to follow.
The newly released report from the Treasury Department’s Office of Financial Research (OFR) revealed that the three gauges that they are watching that can affect the Equity markets going forward are: stock market valuations, risk appetite and credit risk. Stress levels being reported by the CBOE VIX Index are near 10-year lows as some Wall Street analysts are indicating that some levels of complacency by investors seem to be developing in the Equity Markets.
Case in point, since many Seniors cannot survive with their savings continuing to experience low interest rates they are now taking chances looking for higher yields. Since all the news on the economy seems to be positive they are willing to invest in more risky investments to obtain higher yields where in the past they would never consider such investments.
Clarity on Blockchain Technology
Since some of our readers seem a little confused about the difference between a Cryptocurrency transaction and a Blockchain program, maybe the next paragraph will clear the air a bit.
Blockchain technology permanently stores information across a network of personal computers which distributes the information, decentralizing the network. In a decentralized system, there are numerous computers that try to update the ledger, a collection of financial accounts for example that records every transaction which is ever entered. To add a block of transactions to the chains, each person maintaining the ledger solves a math problem created by the cryptographic hash function which takes input of any size and creates an output of the fixed size. What makes Blockchain hack proof is that millions of users of Blockchain. That makes it difficult for anyone to corrupt the network. Each block has a timestamp and a link to the previous block forming a chronological chain reinforced through cryptography ensuring that records cannot be altered by others. Due to the transactions needing multiple parties’ authorization before acceptance, Blockchain has a high degree of trust value.
That’s why the Blockchain applications are growing in leaps and bounds.
Even More Clarity
In our industry, a Blockchain platform controlling the product (i.e., a thousand ounce bar of silver)
combined with a U.S. or fiat denominated banking mechanism of transferring money at the time the Blockchain transaction is executed, is the way our industry will conduct business in the future.
Dillon Gage has been researching all the Blockchain platforms soon to be released that will change the way our industry conducts business.
As they are released, we will share with you all the new fascinating programs being offered.
Until then, Have a wonderful Monday.
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.