OwnX Multi-Decade Gold Bullion Chart Indication
This update is from our friends at OWNx. OWNx is one of our favorite custodian/dealers to buy gold and silver bullion from. You can have your metal shipped directly to your house or they’ll store and secure it for you in their highly secured and fully insured private vault depository. Ok. Enough about them.
Here’s the deal.
Unless you’re actively trading the silver and gold bullion markets, what happens in the short term isn’t all that important to you. But recently there have been some crucial technical indicators triggered concerning long term trends that haven’t happened in four years. These indicators are pointing to the possible end of the bear market in gold. They’re pointing to a bottom.
The team at OWNx informs us that when we’ve seen similar patterns like in the chart above in the past, it does signal a strong new uptrend but first its usually followed by sideways price fluctuations for a period of time. So it seems that this multi-year bear market in gold may finally be coming to an end.
This sideways price movement period of time we find at market bottoms is a perfect spot to buy gold through the kind of dollar cost averaging that a custodian like OWNx lets you do. If you’d like to set up your own automated gold bullion investing program or just buy more physical gold and silver during what could be an important turning point before the next long term uptrend begins, check out OWNx and tell them Stack Silver Get Gold sent you!