This week:
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A Review of Gold and Silvers Performance in NZD for 2012
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Doug Casey on the Morality of Money
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Chart Action
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Alf Field – Gold Analysis for 2013
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Fancy a Gold Mining Franchise?
We held off sending this email for a day as yesterday we hadn’t quite finished our article reviewing NZ gold and silver performance for 2012, and we wanted to get that out to you while it was still early January.
So that said, here is our feature article this week:
Gold and Silver in NZ Dollars: 2012 in Review and What Lies Ahead?
We look at what gold and silver returned for 2012 for holders in New Zealand. Or the correct way to phrase that really is how much value did the NZ dollar lose against real money. But given most people still measure gold and everything else in dollars we’ll stick with the current paradigm too for now. We also cast a guess at what the prices may have in store for this year – if our coin tossing is of interest to you that is!
Doug Casey on the Morality of Money
We also feature another article of a more philosophical nature this week. It’s an old one from Doug Casey on the Morality of Money. But anything Doug has to say is worth a listen at the very least.
Chart Action
If you haven’t kept an eye on prices over the past 2 weeks (good on you for taking a break!), the charts below give a quick summary on price action.
If you missed out on the dip in prices just before Christmas, we are back at the same level today pretty much.
What’s more for NZ dollar gold we are also very close to the mid year lows.
Silver has not dropped back as far as gold and is still a way off the mid year lows but is consolidating above NZ$36.
So while this sideways action continues it gives us a good chance to keep buying the lower end of the trading range and adding to our holdings. Good to see a few readers following this method too with regular purchases when the price dips.
Here are also some longer terms charts from our daily price alert earlier today with trend lines drawn in for you.
Alf Field – Gold Analysis for 2013
Alf Field – was a speaker at the 2011 Gold Symposium in Sydney, and at the last Symposium in October we met him again, but he was there as attendee only. In his latest Elliott wave charting published at Jim Sinclair’s JSMineset on 3 January, he thinks the gold correction is likely over as long as the price (London PM Fixing) remains above US$1636. So far so good as we only got down to US$1645 on the 7th January. Here’s what he has to say exactly:
“Obviously a decline to below $1636 would render this analysis valueless and we would have to reconsider the situation. The PM fix on Jan 2, 2013 was $1693, so there is already some upward movement on the scale that one should now expect.
Once $1800 is taken out on the upside, the gold chart will look tremendous. A beautiful “cup and handle” base would then provide strong support for a vigorous upward climb in the precious metal. At this stage there is no reason to abandon the rough target of $4500 for this coming upward wave. Once we have the next upleg above $1800 in place, it will be possible to start refining this target.
It seems that gold is well set up for a spectacular year in 2013.”
Fancy a Gold Mining Franchise?
If you’re looking for a business opportunity but don’t want to buy a Subway franchise, how about a gold mining franchise instead?!!
We just spotted this headline this morning, where NZ listed gold miner/explorer “Glass Earth Gold is seeking to sell franchises within its Central Otago alluvial gold operations, and to make the venture self-funding for further exploration.”
Actually seems like they already have some partners lined up, so maybe it might have to be a subway franchise after all sorry.
So if you’re one of the unfortunate majority who doesn’t have their own alluvial gold deposit to mine in Central otago, then you probably (like us) need to swap some paper money for some gold whenever you want to add to your own “Central Bank of You” reserves. If now is one of those times (and given todays prices it’s probably not a bad one) then 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
Have a golden week!
Glenn (and David)
Ph: 0800 888 465
From outside NZ: +64 9 281 3898
email: orders@goldsurvivalguide.co.nz
This Weeks Articles:
| A Short Term Kicking of the Can |
 2013-01-02 22:07:37-05 |
This Week: A Short Term Kicking of the Can NZD Gold and Silver Prices Flat Business as usual from Monday Just a quick update this week before we resume usual service with our weekly update every Wednesday afternoon. A Short Term Kicking of the Can The “big” news overnight was that the fiscal cliff has […]read more…
| Doug Casey on the Morality of Money |
| 2013-01-09 16:13:37-05 |
With this article we are continuing our holiday theme of some writings that are not directly gold and silver related, but of a more philosophical and educational variety. Doug Casey always makes us think and this is one of his classic interviews from almost 2 years ago. Enjoy… Doug Casey on the Morality of Money By […]read more…
| Gold and Silver in NZ Dollars: 2012 in Review and What Lies Ahead? |
| 2013-01-09 16:34:11-05 |
Well another year bites the dust and as we have done for the past couple, it’s time to review the performance of Gold and Silver in New Zealand Dollars for 2012. By now you’ve no doubt read that gold (when priced in US dollars) extended its run of positive year end results to 12 years […]read more…
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.