Gold and Silver Bouncing Back Strongly This Week

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Change from last weeks gold and silver prices

 


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Buying Back 1oz NZ Gold 9999 Purity $2328
Buying Back 1kg NZ Silver 999 Purity $901

Gold Bouncing Back Strongly This Week

NZD gold bounced back strongly off the previous high from 2011. It’s now once again not far from the all time NZ dollar high at $2450. Gold looks set to challenge that level again before long. If it doesn’t succeed it’s not too far down to the 50 day moving average.

But it’s anyone’s guess as to whether this is a brief consolidation like we saw around $2100, before a move higher. Or if we’ll need to see a longer consolidation and move back down to at least the 50 day MA.

NZ Dollar Gold Chart

Silver Up Even More

Silver bounced back even more sharply this week. After testing the $28 area it now looks to be ready to again challenge the $31 mark.

Like gold though, who knows? We may yet still see a return back to the 50 day MA too.

As we’ve been pointing out, this is why layering or averaging in (also known as dollar cost averaging) is the way to go.

In a bull market picking the bottom of these corrections is notoriously difficult to do. You may get lucky. But you’ll just as likely end up sitting on the sidelines.

NZ Dollar Silver Chart

NZ Dollar Remains Weak

The NZ dollar has remained surprisingly weak. It dipped down to test the 2011 low just above 0.6200.

We have the RBNZ interest rate decision out tomorrow. It’s expected that they will hold as is on this one. But who knows with this new and interventionist sounding central bank?

So maybe they hold and the dollar bounces a bit?

[NOTE: See our late note at the end of this email, as the OCR decision was today – got our dates wrong sorry! Dollar reacted to no rate rise as expected with a a quick jump higher.]

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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Federal Reserve Balance Sheet Reduction: Is it Now Growing Again?

The current currency war still has the US Dollar winning. It has held up and remains stronger. But the latest Federal Reserve announcement points to them once again joining the “race to debase”.

There is plenty of debate surrounding negative interest rates and a new round of QE in the USA currently.

In this article we ponder whether this has already started?

The US central bank not only seems to have finished their balance sheet reduction. But the latest numbers actually show a reversal. Why is this? Read on to see what it could be…

Federal Reserve Balance Sheet Reduction: Is it Now Growing Again?

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Late Update: OCR on Hold

Late update: Just as we are about to hit send we realised the RBNZ announcement has just been. It wasn’t tomorrow as we first thought! Sorry about that. The result was much along the lines of what we’d written earlier. The NZ dollar has bounced as the central bank left the official cash rate unchanged at 1%.

So prices are a bit cheaper for gold and silver compared to what we had written above.

Odds are lower interests are coming though. Maybe as soon as the next announcement. That will likely send the NZ dollar lower. So a good chance to grab a position in gold or silver today.

Give us a call. Or book a time online that suits you for a free bullion consultation.

 

 
  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 Weeks Articles:

Federal Reserve Balance Sheet Reduction: Why is it Now Growing Again?

Tue, 24 Sep 2019 7:55 PM NZST

 

In September 2017 the US Federal Reserve announced that it would finally begin shrinking its $4.5 trillion balance sheet. So how has the Federal Reserve balance sheet reduction affected asset prices since then? How has the Fed stance on its balance sheet changed so far in 2019? What will happen next? Firstly, What is the […]

The post Federal Reserve Balance Sheet Reduction: Why is it Now Growing Again? appeared first on Gold Survival Guide.

  Read More…

Gold Prices Moving in Tandem with Negative Yielding Debt

Wed, 18 Sep 2019 5:49 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 $2270 Buying Back 1kg NZ Silver 999 Purity $866 Gold Holding Steady NZD gold is up 2% on a week ago. So far it is holding above the previous all time high […]

The post Gold Prices Moving in Tandem with Negative Yielding Debt appeared first on Gold Survival Guide.

  Read More…

If Gold and Silver Are Manipulated, Why Bother Investing?

Tue, 17 Sep 2019 4:03 PM NZST

 

We’ve answered the question “Why buy gold and silver if they are manipulated?” before. But only in brief where we said: “if this manipulation is ongoing how can we trust them to retain or increase in value compared to fiat currency? We only have history as a guide for this. Assuming manipulation has been going […]

The post If Gold and Silver Are Manipulated, Why Bother Investing? appeared first on Gold Survival Guide.

  Read More…

The Latest on Silver Manipulation Exposed

Tue, 17 Sep 2019 2:03 PM NZST

 

Three JP Morgan metals traders have been charged with precious metals market manipulation. “US prosecutors have charged three JPMorgan metal traders with a “massive, multiyear scheme” to manipulate markets and warned they were continuing to probe higher echelons at the largest US bank. “Michael Nowak, head of precious metals trading, was charged on Monday along […]

The post The Latest on Silver Manipulation Exposed 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


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Today’s Prices to Buy
1oz NZ 99.99% pure gold bar
1oz NZ Gold Ingot
$2450
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1 Kilo NZ Silver Bar
$1024 (price is per kilo for orders of 1-24 kgs)

$1019 (price is per kilo only for orders of 25 kgs or more)

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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$2532
1kg PAMP 99.9% pure silver bar
PAMP Silver
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1oz Canadian Gold Maple 99.99% pure gold coin (2019)
Gold Maple
$2576
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

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Tube of 25 $893
Box of 500
$17,159 (backdated other years)

(Fully insured and delivered)
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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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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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