- Gold and Silver Again Bottom in December
- The Next Great Bull Market in Gold Has Begun
- Is it Time to Trade Your Gold in for Bitcoin?
Prices and Charts
Year in Review Coming Soon
Happy New Year! May it be a healthy and prosperous one for you!
Like much of New Zealand we’re easing back into it this week. So we’ll keep it short so you can get back to the BBQ or head for a swim in whatever body of water you prefer.
Next week we’ll have our annual year in review article so stay tuned for that.
Gold and Silver Again Bottom in December
As we were expecting and pointed out repeatedly towards the end of last year, gold and silver both did bottom in December, just like they did at the end of 2016.
Gold in NZ Dollars rallied strongly over the holiday break even with the headwind of an also strengthening NZ Dollar.
After such a strong run gold has been pulling back over the past few days. It has pared its gains a little but is still up sharply from early December.
From here we can expect a consolidation. But then we’d also expect to see higher prices in the coming months too. And a move back up to the next resistance level around $1900.
NZD silver also jumped higher over the holidays. But like gold it has pulled back in recent days. We’d expect to see it challenge the recent high above $25 in the next month or 2 also.
Unlike NZD gold and silver (which are at neutral levels), the NZ Dollar is seriously overbought – above 70 on the RSI. The Kiwi is also bumping along the upper Bollinger band and touching the blue downtrend line.
So odds favour a decent pullback from here. Our guess is the Kiwi remains in a longer term downtrend line and could head back to the 0.68 level again (more on that in our year in review and guesses for next year).
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:
—– OFFER FROM OUR SISTER COMPANY: Emergency Food NZ —–
Do you have all the essentials on hand if you need to leave home in a hurry?
Get Your Own Emergency Survival Kit
Now Available. In Stock. Ready to Ship.
Grab Your Own Grab ‘n’ Go Bag NOW….
Your Questions Wanted
Finally Remember, if you’ve got specific question, be sure to send it in to be in the running for a 1oz silver coin.
Buy Now Before Seasonal Price Rises
Check out the couple of articles for some holiday (or post holiday) reading this week.
Our guess is we see a repeat of the past couple of years and the next few months could see higher prices ahead for both gold and silver. Making now a good time to buy before the seasonally stronger months to come. See the chart below for visual proof.
- Email: firstname.lastname@example.org
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Online order form with indicative pricing
— Prepared for Power Cuts? —
[BACK IN STOCK] New & Improved Inflatable Solar Air Lantern
Check out this cool new survival gadget.
It’s easy to use. Just charge it in the sun. Inflate it. And light up a room.
6-12 hours of backup light from a single charge! No batteries, no wires, no hassle. And at only 1 inch tall when deflated, it stores easily in your car or survival kit.
Plus, it’s waterproof so you can use it in the water.
See 6 more uses for the amazing Solar Air Lantern.