Prices and Charts
Carnage in the Markets – Except… For Gold
Yesterday saw the worst fall for US markets since the 1987 crash. As the Daily Reckoning reported:
“Both S&P and Dow Jones went along, 5% down through noon. The remainder of the afternoon worked little improvement.
The Dow Jones tumbled 8% at one point this afternoon — the most since another Monday, long distant — “Black Monday” in 1987.
It closed the day down 7.79% to 23,851, a 2,014-point waylaying.
The S&P gave back 226 points on the day, for a 7.60% loss.
The Nasdaq similarly absorbed a 625-point trouncing, losing 7.29% on the day.
Thus the three major averages presently camp upon the doorstep of a bear market. One more slip… and they go in.
A bear market is a 20% plunging from recent peaks.
European stocks officially crossed over today — down over 22%. Not three weeks ago they traded at record heights.
Meantime, 10-year Treasury yields plunged to a starvation-level 0.318% this morning.
Today markets have bounced back.
Gold held up remarkably well throughout all this. It’s up over 1% this past week, despite some volatility.
NZD gold set a new all time high – a little under $2700. Today it has pulled back a little and as we write is at $2653.
The longer term chart below shows a clear break above the uptrend line. The price has so far dipped down to touch that a couple of times and held up well. Gold is looking strong and is not overbought currently either (indicated by RSI being below 70).
Buying any dips looks like the way to go at the moment. Odds are the all time high in US Dollars will be broken much quicker than most people would have considered possible.
Silver Lagging Gold – Still
Silver again has followed other markets more so than gold. This week NZD silver again dipped to touch the 200 day moving average (MA) and rising trend line. But then has bounced back towards the 50 day MA.
Silver is still doing better than the stock market and remains in an uptrend from mid 2019.
Also a bullish pennant looks to be forming.
It’s just a matter of patience (alot!) with silver. It will play catch up with gold at some point. And it will likely do it with speed.
Unlike gold, which is making new highs in many currencies every week, silver has a huge upside just to get back to the highs of 2011. See the chart below…
NZ Dollar Steady – Kind of – Well Not Really
The New Zealand dollar is not much changed from a week ago. So looks steady.
However intraday there was a huge swing yesterday where the price moved from as low as 0.6050 to as high as 0.6450. 4 cents is a huge move for a currency in 24 hours!
But then it moved back down to levels it was previously at. The chart below doesn’t show any of that move. So belies the fact that the Dollar has been hugely volatile too. More on that in this weeks feature article below.
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:
—– OFFER FROM OUR SISTER COMPANY: Emergency Food NZ —–
Here’s how to always have clean fresh drinking water on hand.
The Sport Berkey Water Filter Bottle – $69 Delivered
Ideal for travel. Driving, camping, backpacking.
This Weeks Articles:
Tue, 10 Mar 2020 5:30 PM NZST
The New Zealand Dollar has been falling since the start of the year. But at the end of February it dropped sharply. This was likely due to the expectation that New Zealand would be more seriously impacted by the Coronavirus outbreak than markets had previously been expecting. The New Zealand dollar plummeted briefly below 0.6200 […]
The post NZ Dollar Falls – Why Has the NZ Dollar Weakened and Where to Now? appeared first on Gold Survival Guide.
Wed, 4 Mar 2020 12:23 PM NZST
Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2525 Buying Back 1kg NZ Silver 999 Purity $837 Mega Volatility This Week Volatility has been the operative word this week in most markets. We have seen huge swings up and down […]
The post Huh? Central Banks Fighting the Virus. While the World Health Organisation Talks Up the Markets! appeared first on Gold Survival Guide.
Wed, 4 Mar 2020 10:03 AM NZST
Here’s everything you need to know when you’re thinking of buying a gold bar in 2020. You’ll learn: When to choose gold bars over gold coins What size gold bar to buy Pros and cons of different bar sizes How you can borrow against 1kg gold bars What’s the most commonly purchased gold bar size […]
The post What Type of Gold Bar Should I Buy? The 2020 Ultimate Guide appeared first on Gold Survival Guide.
Wed, 26 Feb 2020 12:26 PM NZST
Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2502 Buying Back 1kg NZ Silver 999 Purity $876 NZD Gold Up 3% to (Another) New All Time High After setting a new all time high just above $2500 last week, NZD […]
The post CoronaVirus Spreads Into Italy – Sharemarkets Plunge appeared first on Gold Survival Guide.
|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.|
|7 Reasons to Buy Gold & Silver via GoldSurvivalGuide
Today’s Prices to Buy
1oz NZ 99.99% pure gold bar
1kg NZ 99.9% pure silver bar
$952 (price is per kilo for orders of 1-24 kgs)
1oz PAMP Suisse 99.99% pure gold bar
1kg PAMP 99.9% pure silver bar
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
|Can’t Get Enough of Gold Survival Guide?
If once a week isn’t enough sign up to get daily price alerts every weekday around 9am Click here for more info
|We look forward to hearing from you soon.
Have a golden week!
|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.
|Copyright © 2019 Gold Survival Guide.
All Rights Reserved.