2019 is here. We are now at a crossroads.
“There are crossroads in life where choosing the direction to pursue is critical.” ― Steven Redhead, Life Is A Cocktail
We’re here. For the past several years you could feel it coming. Shifting political and economic winds have brought us to a window of time when the world is going to change. It will never be the same again. The choices we make individually and collectively will determine the course human events for generations.
In this world, “things” that have true value will be redefined, many in unexpected ways. A new monetary ecosystem will begin to emerge to enable the exchange of value that will match the diversity of “assets” resident in this new ecosystem. The transition from today’s system to tomorrow’s will not be without challenge–however, we have great hope in what will emerge.
2018 was a year to be patient and observe as the hype around cyrptocurrencies crashed into the trough of disillusionment.
2019 is a year when motivations matter. Wisdom matters. Vision matters. These form the foundations upon which new systems will be built, providing access to a new value exchange ecosystem.
We welcome the arrival of the crossroads, because together we now have the opportunity to shape the future like never before.
Gold, Silver, Cryptos, and FinTech
Gold is approaching an inflection point.
At OWNx, we don’t often get into gold and silver price predictions. We have chosen to let the market speak for itself and provide a platform for steady accumulation of these important assets. However, we have on occasion pointed out when the price of gold as shown on long-term charts approaches key areas of technical support or resistance. Such is the case now.
The chart below shows a well defined long-term (over 10 years) triangle pattern. Generally, when the price breaks out of a triangle, it continues a long-term move in the direction of the breakout. The long-term gold price uptrend line that was established between 2006 and 2008 has held. Additionally, the excruciating down-to-sideways trend over the past six years has, since 2015, established a reverse to the upside.
Taking into account geopolitical events and the threat of a recession in 2020, it could be that a new bull market in the metals will begin. We won’t have to wait long before the price tells us if that is the case or not.
It seems as though gold senses that we are at a crossroads as well.
