Gold and the US Dollar to Rise Together?

 

This Week:

  • Gold and the US Dollar to Rise Together?
  • What is a Troy Ounce? Troy Ounce vs Standard Ounce
  • How Gold Could Go Up 650% from Here

Prices and Charts

Change from last weeks gold and silver prices

Looking to sell your gold and silver?Visit this page for more information
Buying Back 1oz NZ Gold 9999 Purity $1815
Buying Back 1kg NZ Silver 999 Purity $722

NZD Hits New 2018 High

NZD gold is at a new high for the year at $1892 today. Having broken through the $1875 level, NZD gold is getting very close to the round number of $1900. This was also the high from 2017.

$1950 is the next resistance level. This price coincides with the high from 2016 and also the current uptrend line. It’s not that far away now.

So NZD gold continues its steady rise since late 2014.

NZ Dollar Gold Chart

Silver Also Close to Break Out Level

Meanwhile NZD silver was up over 2.5% for the week. It is once again getting close to the downtrend line in this almost 2 year wedge pattern silver has been in.

This wedge is getting narrower and narrower. But perhaps this pattern can continue for another month or two, before the wedge gets so narrow a breakout must happen.

NZ Dollar Silver Chart

NZ Dollar Below 0.70

The NZ Dollar has dipped clearly below the 0.70 mark today. The November post election low of 0.68 doesn’t look that far off now. However with the RSI so oversold – well under 30 – a bounce higher is looking overdue.

NZ Dollar Chart

Unsure About Any Terms We Use When Discussing 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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Gold and the US Dollar to Rise Together?

Common wisdom says that gold and the US Dollar are inversely correlated. In case you failed school cert maths, that simply means when gold goes up the US Dollar is going down and vice versa.

Currently this is happening. Local gold prices here in NZ dollars are up. But that is due to the falling US Dollar against the Kiwi Dollar. As USD gold has been falling lately.

However there are times when both gold and the US Dollar can rise together.

We could be about to enter one of these periods according to this report…

“A commodity bull market is forming and gold has a big part to play, according to one Bank of America Merrill Lynch (BAML) strategist.

This year, gold prices will rise past the $1,350-$1,375 resistance level, BAML technical strategist Paul Ciana told CNBC on Saturday. And from there, Ciana added, the yellow metal could hit $1,450, where it hasn’t traded at since May 2013.

“As soon as this $1,350 to $1,375 area goes, which I do think it will later this year mostly when the dollar rally kind of tempers itself and neutralizes, that puts gold on the path to $1,450 so plenty of room there,” Ciana said.

“Gold prices have been forming a six-year long base,” Ciana said. “In the technical world we like to say, the bigger the base, the higher in space. That’s what gold is doing.”

The yellow metal’s prices have faced significant downward pressure from the firming U.S. dollar these past few weeks, even ending last week in red for the third consecutive time.

…But, Ciana is confident that the U.S. dollar will not be a hurdle for much longer, as he sees both the greenback and gold going up at the same time.

“When U.S. financial conditions are tightening, like they are today, compared to 2015, very early 2015, gold prices actually rallied about 12 percent and the dollar index had rallied about 6 percent,” explained Ciana. “There are situations where they both can move in tandem for a short period of time.”

Gold’s upward trajection alongside the U.S. dollar will however be only temporary and then the inverse relationship will once again overpower other factors, Ciana added.

Source.

This would be significant for NZ based gold holders.

Why?

Because if gold rises while the US Dollar strengthens, NZ holders will enjoy a turbo boost in prices. The weaker Kiwi dollar will boost the already rising gold price. Make sure you’re on board before this happens.

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Back to Basics

Gold and silver are always (or at least should always be) priced in troy ounces.

Do you know the difference between a troy ounce and a standard or avoirdupois ounce?

Do you know how the troy ounce came to be used? What was the history behind it?

In this week’s featured post we also have the formula for easily converting kilograms and grams into troy ounces.


What is a Troy Ounce? Troy Ounce vs Standard Ounce

What is a Troy Ounce? Troy Ounce vs Standard Ounce

We’ll have more of these basics covered in the coming weeks. In the meantime you can check out the “Gold and Silver Market” category on the blog.

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.

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How Gold Could Go Up 650% from Here

Two weeks ago we featured a video which looked at the price gold would need to be in order to balance out the US Debt. See: Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $21,000 Gold

This article below looks at how to value gold from a different angle. This time using the US money supply to arrive at a potential price…

How Gold Could Go Up 650% from Here

How Gold Could Go Up 650% from Here

Gold and silver both are close to break out levels. While this may not happen tomorrow, their respective breakouts look to not be too far off.

Make sure you are on board before they do to maximise the returns on your wealth insurance with upside.

Give us a call to discuss options:

  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:

How Gold Could Go Up 650% from Here

Wed, 9 May 2018 1:46 PM NZST

How Gold Could Go Up 650% from HereTwo weeks ago we featured a video which looked at the price gold would need to be in order to balance out the US Debt. See: Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $21,000 Gold This article below looks at how to value gold from a different angle. This […]

The post How Gold Could Go Up 650% from Here appeared first on Gold Survival Guide.

Read More…

What is a Troy Ounce? Troy Ounce vs Standard Ounce

Tue, 8 May 2018 11:04 PM NZST

What is a troy ounce?What is a Troy Ounce? The troy ounce is the unit of measure used for precious metals such as gold, silver and platinum. Somewhat confusingly the troy ounce is not a part of the metric system or the old imperial system of measurement that is still used in the USA. Also confusing is that base […]

The post What is a Troy Ounce? Troy Ounce vs Standard Ounce appeared first on Gold Survival Guide.

Read More…

Gold Investors: Jobs Report Tactics

Tue, 8 May 2018 12:52 PM NZST

Where is gold likely to go in the next month or two? Stewart Thomson delves into the near term moves likely for gold and how it may perform in the second half of the year. If you’re interested in investing in Australian Gold Mining companies he also profiles one of his favourites. Funnily enough it’s […]

The post Gold Investors: Jobs Report Tactics appeared first on Gold Survival Guide.

Read More…

NZ$1875 Still to Fall

Thu, 3 May 2018 3:05 PM NZST

  This Week: Should I Buy Gold or Silver? 7 Factors to Consider in Gold vs Silver The Seven Pillars of Gold Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1794 Buying Back 1kg NZ Silver 999 Purity $705 NZ$1875 Still to Fall Gold in NZ dollars holding fairly steady from […]

The post NZ$1875 Still to Fall 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


7 Reasons to Buy Gold & Silver via GoldSurvivalGuide

Today’s Prices to Buy
1oz NZ 99.99% pure gold bar
1oz NZ Gold Ingot
$1942
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$830 (price is per kilo for orders of 1-24 kgs)
$823 (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
$1989
1kg PAMP 99.9% pure silver bar
PAMP Silver
$884
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$2026    (or $2006 for 5 or more Backdated Year Coins)
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $735
Box of 500 $14,340 (2018’s)
(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
  • Plus we accept Bitcoin, Bitcoin Cash, Visa and Mastercard
  • 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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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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