- Share Market Plunge – How is New Zealand Affected and What’s Next?
- The Russian Central Bank and the New Golden Rule
- Why is Silver Lagging Gold?
Prices and Charts
Is the Everything Bubble Becoming the Everything Crash?
US stock markets plunged yesterday after having been falling steadily last week. Cryptocurrencies have also been falling steadily so far in 2018. So is the everything bubble becoming the everything crash?
Hmm. Too early to say – but we have more on the stock market plunge below.
Gold and silver weren’t spared either this week. Although their falls over the week were much less than the US stock market fell in one day.
NZD gold is just holding steady under the 50 day moving average (MA) currently. So far it has managed to stay above the 200 day MA this year. Gold looks to be consolidating nicely, getting ready for the next leg up.
Silver has been struggling though. Down 2.73% compared to -0.84% for gold.
(See the article below for more on why silver has been lagging gold).
NZD silver is not too far above the lows from late December.
The silver price continues to get more and more compressed in this 18 month wedge formation. So a break out won’t be that far off. We think the 3 year uptrend looks like continuing and we should see a bounce off the $21.50 area if silver were to go any lower.
Why is Silver Lagging Gold?
Silver has again been trailing gold this week.
This article covers 4 reasons why silver is lagging gold and what it may take for this to change and for silver to start outperforming gold.
Not too much action in the NZ dollar this week. Down slightly from last week. Tested the overhead resistance above 0.74 again and didn’t make it through. So we may see the Kiwi consolidate for a bit here.
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:
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Share Market Plunge – How is New Zealand Affected and What’s Next?
Our feature article this week looks at the violent share market plunge in the USA yesterday. Including:
- What was the cause?
- How is New Zealand affected?
- What might happen from here?
Questions of the Month Winner
Jenna is the winner (again!) of our question of the month award and a silver coin is on its way to her.
Her question prompted last weeks feature article: What is the Best Type of Gold to Buy For Trading in a Currency Collapse?
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.
The Russian Central Bank and the New Golden Rule
See why the Russian Central Bank has been buying large amounts of gold, but also what may be a new twist to the Russian plan to oust the US Dollar as global reserve currency.
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