3 Contrarian Indicators Show it’s a Great Time to Buy Silver

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $2388
Buying Back 1kg NZ Silver 999 Purity $1120

Bounce Back of the Kiwi Dollar Keeps NZ Metals Prices Flat for the Week

The NZ dollar gained by 1.6% for the week. So this dented the rise in both NZ dollar gold and silver prices over the past 7 days.

During the week gold in New Zealand dollars dipped down to make another higher low. But it is now back up to mean not much change from a week ago.

It looks very likely that a bottom has been made for the corrective wave lower just above $2300. We are more confident that the next wave up has started. This will eventually take us above last years high.

NZ Dollar Gold Chart

NZD Silver Also Not Much Change From Last Week

Silver in New Zealand dollars has also barely changed from a week ago. It remains right on the intersection of the 50 and 200 day moving averages. But like gold it may well have made another higher low this week.

This week’s feature article below focuses on silver. So check that out for a detailed wrap up of silver.

NZ Dollar Silver Chart

New Zealand Dollar Up Over 100 Basis Points

As noted already the Kiwi dollar was up sharply this week. Putting a dent in any gains for local gold and silver prices. The Kiwi is sitting right on the 50 day moving average, so is evenly poised. Can it break above that or will it dip lower from here?

NZ Dollar Chart

Need Help Understanding the Charts?

Check out this post if any of the terms we use when discussing the gold, silver and NZ Dollar charts are unknown to you:

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Continues below


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An Excellent N.Z. Silver Buy Zone is Here – Charts Update Apr 2021

Silver got a whole lot of attention back in early February with the Reddit instigated silver short squeeze attempt. As we suspected at the time this failed to push silver to the moon as was planned.Silver has been in a corrective phase since then.

But we’re thinking that phase may now be over.

In this week’s feature article we look at various charts of silver. But we also point out 3 contrarian indicators that point to silver bottoming out currently.

Here’s what’s covered:

  • The Big Picture NZD Silver: 4 Major Trends Since 2005
  • Zoom In: Daily Chart From 2015 to 2018
  • How Have Things Played Out Since late 2018?
  • What About Right Now?
  • Weekly NZD Silver Chart
  • Monthly NZD Silver Chart
  • 3 Contrarian Indicators That Silver Looks to be in an Excellent Buy Zone

An Excellent N.Z. Silver Buy Zone is Here – Charts Update Apr 2021

 

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Rise of the Dragon – From Deflation to Reflation

Here’s a short excerpt from a great report by Chris Cole of Artemis.

“Unfortunately, with history as a guide, investors expecting the gains of the last 40 years with a traditional portfolio will be massively disappointed. The global economy is entering a period of change whereby deflation or manufactured inflation will destroy wealth to eliminate debt. The most significant systemic risk to investors is not de-dollarization or historic debt, but collective Recency Bias leaving most blind to the problem.

Suppose history rhymes, and at some point in the next twenty years, we face a global crisis in servicing the historic levels of leverage. In that case, global deflation or stagflation will erase the unprecedented level of corporate and government debt and wreak havoc on traditional retirement portfolios. Wealth and savings will be destroyed, and many pension systems will become insolvent or require multi-trillion-dollar bail-outs by the government. None of this will be free. YOU will pay for it, either through higher taxes or loss of purchasing power due to higher inflation. 2020 was not the climax but merely the first act of this epic Greek Tragedy. The Dragon Portfolio can be a tool.”

 

Artemis Return By Generational Season

We’d agree that recency bias is probably the biggest risk most people face. That is assuming things such as:

  • Interest rates staying at record lows.
  • There will be little consumer price inflation.
  • Getting the same returns from common investments such as bonds and shares (or in New Zealand, we’d add real estate).

However we doubt we’ll have to wait 20 years for the next crisis. Or the culmination of the many “smaller” crises of the past couple of decades.  Maybe more like 5 or so perhaps?

The time frame is not really knowable. However the risks of expecting the next few years to play out as a repeat of the last 12 or so is very clear.

We’re not privy to what the “Artemis Dragon Portfolio” is exactly. The Artemis website states:

“Rather than focusing on excess returns, investors should be seeking secular non-correlation. The key is finding assets that are non-correlated to one another during regime shifts in markets. Investors do the opposite, layering on correlated risk at the end of business cycles searching for yield; distracted by short- term performance without seeing the big picture.”

We can think of a couple of assets that aren’t correlated during cycle changes. One is yellow and one is grey…

So you can likely create your own “Dragon” portfolio with the addition of gold and silver.
You might want to think about how much of these 2 substances you should own too.

Check out: What Percentage of Gold and Silver Should Be in My Portfolio?

WHAT-PERCENTAGE-OF-GOLD-SILVER-SHOULD-BE-IN-MY-PORTFOLIO_-1

Let us know if you’d like a no obligation quote to see how the buying process works.

Silver Maple, Krugerrand and Britannia 1 oz silver coins are now back in stock.

 
  1. Email: orders@goldsurvivalguide.co.nz
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Shop Online with indicative pricing

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This Weeks Articles:

An Excellent N.Z. Silver Buy Zone is Here – Charts Update Apr 2021

Tue, 20 Apr 2021 7:05 AM NZST

An Excellent N.Z. Silver Buy Zone is Here - Charts Update

After rising sharply from March to August last year during the COVID19 panic, silver then fell sharply throughout late 2020. After a jump higher in February due to the much publicised silver short squeeze attempt, silver has been down since then. As a result, we now have what looks like an excellent silver buy zone. […]

The post An Excellent N.Z. Silver Buy Zone is Here – Charts Update Apr 2021 appeared first on Gold Survival Guide.

  Read More…

Will Biden’s Tax Increases Mean No Inflation?

Wed, 14 Apr 2021 9:43 PM NZST

Prices and Charts Looking to sell your gold and silver?   Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2414 Buying Back 1kg NZ Silver 999 Purity $1127 Gold Unchanged – Still Awaiting a Clear Break Above Downtrend Gold in New Zealand Dollars is almost unchanged from last week’s update. […]

The post Will Biden’s Tax Increases Mean No Inflation? appeared first on Gold Survival Guide.

  Read More…

How Would Hyperinflation in the USA Affect New Zealand?

Wed, 14 Apr 2021 12:14 PM NZST

How would hyperinflation in the USA affect New Zealand? How would interest rates here be affected? And what about the New Zealand dollar? There has been a bit more talk of the possibility of inflation lately. We’ve written about it recently too: Inflation in 2021 and Beyond: What’s Different to 2009? Here’s a question from […]

The post How Would Hyperinflation in the USA Affect New Zealand? appeared first on Gold Survival Guide.

  Read More…

Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $28,000 Gold

Wed, 7 Apr 2021 10:41 AM NZST

A-Reset-Like-in-1934-and-1980-Would-Mean-28000-Gold-1

In this article you’ll learn about the gold backing to debt ratio. Along with what the gold price would need to be at today to match two previous periods of debt reset… How do you determine gold’s value? Or put another way what price should gold be at? In our view this is the wrong […]

The post Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $28,000 Gold appeared first on Gold Survival Guide.

  Read More…

As always we are happy to answer any questions you have about buying gold or silver. In fact, we encourage them, as it often gives us something to write about. So if you have any get in touch.

  1. Email: orders@goldsurvivalguide.co.nz
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Online order form with indicative pricing


7 Reasons to Buy Gold & Silver via GoldSurvivalGuide

Today’s Prices to Buy
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1oz NZ Gold Ingot
$2570
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

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1oz 2020 Royal Australian Mint 99.99% Gold Coin

$2657 – Phone or email to pre-order
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,651 (on Pre-order)
1 oz South African Krugerrand Silver Coin
(Minimum order size tube of 25 coins)

  Silver Monster Box
Tube of 25: $1133 (pick up) (in stock)
Box of 500:

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(Fully insured and delivered)

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Note:

  • Prices are excluding delivery
  • 1 Troy ounce = 31.1 grams
  • 1 Kg = 32.15 Troy ounces
  • Request special pricing for larger orders such as monster box of Canadian maple silver coins
  • Lower pricing for local gold orders of 10 to 29ozs and best pricing for 30 ozs or more.
  • Foreign currency options available so you can purchase from USD, AUD, EURO, GBP
  • Plus we accept BTC, BCH, Visa and Mastercard
  • Note: For local gold and silver orders your funds are deposited into our suppliers bank account. We receive a finders fee direct from them. Pricing is as good or sometimes even better than if you went direct.

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We look forward to hearing from you soon.

Have a golden week!

David (and Glenn)
GoldSurvivalGuide.co.nz
Ph: 0800 888 465
From outside NZ: +64 9 281 3898
email: orders@goldsurvivalguide.co.nz

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The Legal stuff – Disclaimer:
We are not financial advisors, accountants or lawyers. Any information we provide is not intended as investment or financial advice. It is merely information based upon our own experiences. The information we discuss is of a general nature and should merely be used as a place to start your own research and you definitely should conduct your own due diligence. You should seek professional investment or financial advice before making any decisions.

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