5th Best Time to Buy NZD Silver Since July 2022

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity 3117
Buying Back 1kg NZ Silver 999 Purity 1129

Happy new year! We hope you managed to enjoy some time off with family and friends.

Not too much action over the low volume holiday period so we’ll keep today’s email very brief.

We’ll have our usual year in review and predictions for 2024 article ready for you next week. It’s always interesting to look back and see how we did with our guesses.

NZD Gold Unchanged From 3 Weeks Ago

Gold in New Zealand dollars is surprisingly unchanged from our last weekly update 3 weeks ago on 20 December. It remains at $3259 and is now just above the 200 day moving average (MA). During that time it did get back up to the 50 day MA but didn’t succeed in getting any higher.

While USD gold did in fact get back to toy with the key $2100 level during the low volume holiday period. But it is now down $6 since 20 December. Not far from the downtrend line. If that didn’t hold then the next support level is the 200 day MA at $1977. So we are still watching for a clear break above the $2100 mark.

NZ Dollar Gold Chart

5th Best Time to Buy Silver in NZD Since July 2022

Silver in New Zealand dollars is down a decent $1.60 or over 4% since 20 December. It continues to trade in the ever narrowing range inside this consolidating triangle or wedge pattern that dates right back to 2020.

Today it is back down close to the blue uptrend line in the wedge. NZD silver has bounced off this line 4 times in the last 19 months. So by our reckoning that makes now the 5th best time to buy NZD silver since July 2022. With the RSI closing in on oversold (below 30) that also adds credence to this theory.

So if you’ve been sitting on the fence, now might just be a good time to at least put one foot down and make a purchase of silver. As this uptrend line has held very strong for many years now.

In USD terms, silver is back below the 200 day MA but still above the uptrend line. So not quite such a strong buy signal there, but still in what is likely to be a decent buying zone.

NZ Dollar Silver Chart

Kiwi Dollar Broke Higher

The New Zealand dollar is down 18 basis points to 0.6238 since December 20th. It broke above the downtrend line dating back to 2021 over the holidays. But has pulled back to retest that again. Now the question is can it get back above the new support line from the start of 2023?

However we’ll still need to see it break the horizontal resistance line at 0.6500 and make a higher high, before we’ll be more certain of a change in trend.

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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Just a reprint of our last article from 2023 in case you missed it:

If the US Dollar or SDR Was Linked to Gold, How Would This Affect New Zealand?

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Your Questions Wanted

Remember, if you’ve got a specific question, be sure to send it in to be in the running for a 1oz silver coin.

Win a silver coin

We’re back to normal operations this week. With all products available to order and shipments resuming too.

So please get in touch for a quote for gold or silver or if you have any questions:

 
  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 Week’s Articles:

Dutch Central Banks Admits Gold Revaluation Likely in a Crisis

Wed, 20 Dec 2023 1:58 AM NZST

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity 3114 Buying Back 1kg NZ Silver 999 Purity 1177 NZD Gold Holding Above the Key 200 Day Moving Average Gold in New Zealand dollars was up $25 from last week. The 0.8% […]

The post Dutch Central Banks Admits Gold Revaluation Likely in a Crisis 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
1oz NZ 99.99% pure gold bar
1oz NZ Gold Ingot
$3,347.50 (dispatched in 2 weeks)
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$107,674.64 (4 weeks delivery)
1oz ABC Bullion Gold Minted Bar
1oz ABC gold bar
$3,423.20  (dispatched in New Year)
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
2023: $3,495.00 (dispatched in New Year)
1 oz RCM Silver Maple Coin

  Silver Monster Box
Tube of 25: 1174.25 (pick up price – dispatched in 5 weeks)

Box of 500 coins (dispatched in 4 weeks):
2023 coins: $22,147.51

Backdated coins: $22,027.25
Including shipping/insurance (4 weeks delivery)

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Note:
  • Prices exclude delivery
  • 1 Troy ounce = 31.1 grams
  • 1 Kg = 32.15 Troy ounces
  • Request special pricing for larger orders such as a monster box of Canadian maple silver coins
  • Lower pricing for local gold orders of 10 to 29 ozs and best pricing for 30 ozs or more.
  • Foreign currency options are available so you can purchase from USD, AUD, EURO, GBP
  • Plus we accept BTC, BCH, Visa, and Mastercard
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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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