Cryptocurrencies the Opposite Phase to Silver?

This Week:

  • Where Are We in the Psychology of the Silver Market Cycle?
  • Is Gold Losing Its Shine to Bitcoin?
  • Danger: Nations and Central Planners Developing Cryptocurrencies
  • What is the Hyperledger?

Prices and Charts

Change from last weeks gold and silver prices

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Ready for a Bottom. Close to a Bounce?

Both metals have fallen further this week.

Gold in NZ Dollars is today sitting right on the 200 day moving average line at around $1790. It is also not far from the horizontal support lines at $1770 and $1775.

On top of this the overbought oversold RSI indicator is now in oversold territory below 30.

So if this is not the bottom then it likely isn’t too far off.

NZ Dollar Gold Chart

Silver fell even more sharply than gold this week – down over 3%. As a result it is even further into oversold territory than gold at 26 on the RSI. NZD silver is right on the horizontal support line at about $22.70. It may be trying to form an inverse head and shoulders pattern here.

But if silver were to fall any lower then we have the rising blue trendline and the next level of horizontal support coinciding at $21.50.

So we look to be in an excellent buying zone for physical silver. With not too much further downside likely and major support levels close by.

NZ Dollar Silver Chart

The NZ Dollar has been rising this week. It is now not too far from the November highs. But with it sitting on the 50 day moving average line and at the top of the Bollinger bands, the Kiwi may struggle to get too much higher in the short term.

If we see the Kiwi weaker from here, that could also help local gold and silver prices find a bottom.

NZ Dollar Chart

Unsure About Any Terms We Use When Discussing the Charts?

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 and Silver Technical Analysis: The Ultimate Beginners Guide


Where Are We in the Psychology of the Silver Market Cycle?

This weeks feature article looks at the phases of investor psychology in market cycles. Then compares these phases to the silver market cycle over the past 8 years or so, to see where the silver market is currently. Therefore helping to indicate where silver is going from here and aiding with deciding when to buy silver.

It’s probably not a huge surprise to tell you our guess is silver is not far past the phase of Depression and maybe barely into Disbelief. See what comes next…

Where Are We in the Psychology of the Silver Market Cycle?

Where Are We in the Psychology of the Silver Market Cycle?

Continues below

 

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Cryptocurrencies the Opposite Phase to Silver?

One thing for sure is that Cryptocurrencies and especially bitcoin are not in the phase of Depression or Disbelief.

There’s plenty of people saying they are in a bubble. Some of whom have been proponents of cryptocurrencies. Others who have been critics.

But bubbles often don’t pop when there’s a lot of people calling for it to happen. Although they do all eventually pop. If you read the feature article above, a guess could be that bitcoin is in the belief phase perhaps?

In something so new it will be difficult to tell until after the fact.

We’ve got a few articles this week with different perspectives on cryptos. So check them out below.

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Merry Christmas to You. Gold and Silver Prices at Lows For the Holidays.

We saw written recently, that the gift of gold is peace of mind in uncertain times.

So if you want to give the gift of gold (or silver) for the holidays, or you’ve been looking to buy gold or silver yourself, then prices are looking like bottoming out, if not right now in the next week or so.

As we alluded to last week this has happened regularly in the past 8 years.

Let’s look in more detail at what happened the last 4 years for gold in NZ Dollars. Each time December began poorly, but by the time New Years Day rolled around things started to look up.

Then in each of the past 4 years, by the end of January in the following year, gold was up between 2.9 and 16.4%. Here’s the specific numbers:

–– On December 3, 2013 gold finished the day at $1496 per ounce. The low for the month came on the 31st at $1453, but by January 30, 2014, it traded at $1533 – up 5.5% from the December low.

–– On December 1, 2014 gold finished the day at $1551 per ounce. The low for the month came on the 31st at $1533, but by January 30, 2015, it traded at $1784 – up 16.4% from the December low.

–– On December 1, 2015 gold finished the day at $1606 per ounce. The low for the month came on the 30th at $1558, but by January 28, 2016, it traded at $1733 – up 16.4% from the December low.

–– On December 1, 2016 gold finished the day at $1655 per ounce. The low for the month came on the 15th at $1601, but by January 30, 2017, it traded at $1647 – up 2.9% from the December low.

The chart below gives a visual representation of this trend. It also shows that each year NZD gold finished the year higher than it ended the last year.

Why Buying This Year is Better Than Waiting Until Next Year

So the lesson imparted is to buy in December and enjoy the holidays. January is the start to a wholly new year.

On top of low spot prices, there are also low premiums above spot price on a number of gold and silver products currently. So buying now you get the best of both worlds.

Call David to discuss any of today’s deals on 0800 888 465. Or just reply to this email.
  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

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This Weeks Articles:

Where Are We in the Psychology of the Silver Market Cycle?

Tue, 12 Dec 2017 8:47 PM NZST

Where Are We in the Psychology of the Silver Market Cycle?Where Are We in the Psychology of the Silver Market Cycle? This article looks at the phases of investor psychology in market cycles. Then compares these phases to the silver market cycle over the past 8 years or so, to see where the silver market is currently. Therefore helping to indicate where silver is going […]
Read More…

What is the Hyperledger?

Tue, 12 Dec 2017 4:58 PM NZST

There is certainly a lot of debate and side taking in the cryptocurrency versus gold debate (a debate we’re not actually sure is the right debate to even have). Jim Rickards has put himself squarely in the gold camp. In this article he discusses the Linux Foundation’s open source project called the Hyperledger.  However we […]
Read More…

Danger: Nations and Central Planners Developing Cryptocurrencies

Tue, 12 Dec 2017 4:11 PM NZST

Danielle DiMartino Booth discusses how her main worry about the emerging cryptocurrency universe is how the central planners are learning about the blockchain, and how they will look to implement their own version for ”controlling our spending”. Then below that we’ve also added a video of Mike Maloney where he too discusses the issue of […]
Read More…

Is Gold Losing Its Shine to Bitcoin?

Tue, 12 Dec 2017 2:58 PM NZST

This is a question on many peoples minds at the moment: Is Gold Losing Its Shine to Bitcoin? Is gold dead? Will it be replaced by bitcoin? We say an asset that has been around for thousands of years is unlikely to disappear from use. See what it could be that wakes gold from its […]
Read More…

Why Buying This Year is Better Than Waiting Until Next Year

Thu, 7 Dec 2017 1:10 PM NZST

  This Week: When to Buy Gold or Silver: The Ultimate Guide Why Buying This Year is Better Than Waiting Until Next Year Update on Gold Market Manipulation THE BLIND CONSPIRACY: The Gold Market Is Heading Towards A Big Fundamental Change You’re Just Not Prepared For What’s Coming Prices and Charts Looking to sell your […]
Read More…

When to Buy Gold or Silver: The Ultimate Guide

Wed, 6 Dec 2017 10:16 AM NZST

When to Buy Gold or SilverWhen to buy gold or silver is a question that can have multiple meanings. Firstly you might ask it from the point of view of when is a good time to buy precious metals (gold and silver) in general. This in turn could depend on fundamental reasons for buying gold and silver. Such as how […]
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
$1859
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$825 (price is per kilo for orders of 1-4 kgs)
$811 (price is per kilo only for orders of 5 kgs or more)
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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$1891
1kg PAMP 99.9% pure silver bar
PAMP Silver
$854
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1927.80 (or $1908 for 5 or more Backdated Year Coins)
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Maple Silver Box
Tube of 25 $748
Box of 500 $13,800 (2017’s) or $13,600 (backdated years)
(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
  • 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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Our Mission

  1. To demystify the concept of protecting and increasing ones wealth through owning gold and silver in the current turbulent economic environment.
  2. To simplify the process of purchasing physical gold and silver bullion in NZ – particularly for first time buyers.

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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