This Week:
- Bill Bonner: Get Ready for the ‘Crack-Up Boom’
- Where To Invest When (Almost) Everything’s in a Bubble
- Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?
- Download Our New Android App
Prices and Charts
Very Close to A Break Out – Which Way?
Gold in NZ dollars has held pretty steady this week. Just up slightly on a week ago. Once again gold bounced off the 50 day moving average line and short term uptrend line. It is getting quite compressed in the wedge between the 2 trend lines. A break in one direction or the other will have to come soon.
NZD Silver is looking even more compressed than gold. Silver is up over 1% on last week. For many days now it has been bouncing between the 200 day MA and the red downtrend line.
So like gold, silver will also have to break out of this wedge pattern it is in very soon.
Given the level of negativity surrounding precious metals currently, it would not be a surprise to see silver (and gold) do the opposite of what most expect and move higher from here.
NZ Dollar Bounces But Now in a Longer Term Downtrend?
The NZ Dollar has edged slightly higher this week after bouncing back from oversold levels following the election.
As we noted last week, the Kiwi looks to be in a slight downtrend now for the 2017 year. So while in the short term we could see a further rally, our guess is the NZ Dollar is going to find it tough to make too much ground currently.
Gold and silver are of course a good hedge for a potentially weakening local currency.
Remember to 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 Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?
Last weeks article generated plenty of interest: A House Price Crash Caused By the New NZ Government Policies?
It got us thinking about longer term cycles in property and also in gold and silver. So this week’s feature article was born as a result.
It covers:
- Has NZ Property Peaked?
- The 18 Year Real Estate Cycle
- Gold Bull Market 1970’s vs 2000 to Date
- When Will Gold and Silver Reach their Peak Valuations?
- How Property Cycles and Gold Cycles Might Play Out in the Years to Come?
Read on to find out…
Of course there are no guarantees but it is interesting and worthwhile to look to the past to see what we can glean for the future.
Continues below
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Inaugural Gold Survival Guide Auckland Circle
Thanks to those who attended the inaugural Gold Survival Guide Auckland Circle Meet Up last Thursday.
It was only a smallish gathering but we had people from as far away as Te Awamutu and Te Kauwhata head up for the evening. A great group of people to discuss where the world may be heading and how New Zealand fits into that.
We’ll aim for another one in February so keep a look out in your emails for the next one.
Meanwhile if you’re from elsewhere in the country and still haven’t expressed your interest you still can.
If you’ve at all interested in connecting with others then read this now and express your interest:
Download Our New Android App
If you’re on an Android phone then be sure to check out our new Gold Survival Guide App (Apple version coming soon too).
Your Questions Wanted
Finally Remember, if you’ve got specific question, be sure to send it in to be in the running for a 1oz silver coin.
And don’t forget to check out the other articles on the site this week too.
Bill Bonner: Get Ready for the ‘Crack-Up Boom’
Where To Invest When (Almost) Everything’s in a Bubble
As we said last week, here in New Zealand now may be a good time to buy. With NZ property prices potentially topping out, plus the NZ dollar also possibly trending down. Owning alternative assets should hedge you against both of these outcomes.
Limited Quantity RCM Coin Deals
We’ve still got some great deals going on silver coins currently. The 1oz Perth Mint Silver Kangaroos have proven popular. But we also have some great prices on these Royal Canadian Mint 1 oz Coins:
- 5000 x Backdated Silver Maples
- 25 x Antelopes
- 220 x 2014 Bald Eagles
- 500 x 2014 Falcons
- 1200 x Hawks
- 1400 x 2016 cougars
Call David to discuss these deals on 0800 888 465. Or just reply to this email.
- Email: orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Online order form with indicative pricing
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The concept of long term cycles and how history at least rhymes, if not repeats, is a topic we find really interesting. If somewhat hard to explain exactly why these cycles repeat. Last week we contemplated whether the new NZ government policies would cause a house price crash. And also whether NZ house prices had […]
Currently we have most share markets around the world at record highs. The NZX (New Zealand Stock Exchange ) is no exception. As are house prices in many places at or near record highs: New Zealand, Australia and Canada just to name a few. On top of these we have record low interest rates which […]
See how the 3 major economies in the world look to all be entering a tightening phase at about the same time. But how somewhat counterintuitively, this could lead to a “blow-out spree of money printing, borrowing, spending, and debt.” A.K.A. a ‘crack-up boom’… Get Ready for the ‘Crack-Up Boom’ By Bill Bonner, Chairman, […]
This Week: Will The New NZ Government Policies Cause a House Price Crash? Update on the NZ Housing to Gold Ratio Is the NZ Dollar Now in a Longer Term Downtrend? Money Velocity: Historic Upturn Nears – Inflation Coming? Silver Market Update Prices and Charts Looking to sell your gold and silver?Visit this page for […]
