History Says: Great Time of the Year to Buy Gold and Silver

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $2517
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NZD Gold Pulling Back as Expected

Last week we said gold in New Zealand dollars was due a pullback in the short term after such a strong bounce. That proved to be the case this week with NZD gold dipping under $2600.

But today it has bounced back and is again above $2600. We could still see a move down to retest the rising uptrend line.

However to us it is still looking promising for a bottom being now in.

NZ Dollar Gold Chart

NZD Silver Also Down But Up

Silver in New Zealand dollars was also down for the week but up today. Once again back above the horizontal support/resistance line. Silver is also looking promising for the bottom being in at $31. We could still see it move down to retest the 200 day moving average (MA) line though.

Then we are looking for silver to get back above the 50 day MA which also coincides with the blue downtrend line. But we may have to wait until the New year to see that.

This week’s feature article takes a detailed look at why right now is looking like an excellent buy zone for silver. Not just looking at the charts, but also taking into account a couple of contrarian indicators that we have found to be good indicators of a bottom in the past.

NZ Dollar Silver Chart

NZ Dollar Still Holding Up

Despite remaining very overbought on the Relative Strength Index (RSI), the Kiwi dollar is holding up well in the 0.70’s.

However we are still looking for a further pullback to come before too long. If you look at previous occasions when the RSI was this overbought above 70, each time there has been a pretty hefty pullback. That would of course give a boost to local gold and silver prices.

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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An Excellent N.Z. Silver Buy Zone is Here – Charts Update Dec 2020

After rising sharply from March to August, silver has fallen sharply in the last few months. As a result, we now have what looks like an excellent silver buy zone. In this week’s feature article we look at a few silver charts showing why this might be. Plus we also have a couple of contrarian indicators that in the past have been useful in determining when a bottom may be in…

An Excellent N.Z. Silver Buy Zone is Here – Charts Update Dec 2020

An Excellent N.Z. Silver Buy Zone is Here - Charts Update Dec 2020

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More People Taking Note of the Divergence of Gold from Real Interest Rates

Last week we covered how gold has been falling even while real interest rates (that is after inflation interest rates) have been falling.

See: Do Gold and Real Rates Moving in Tandem Signal a Big Move for Gold?

Usually as real rates fall gold rises and vice versa. Lower returns from bonds mean people move into gold.

More people have been taking notice of this. A post in Zerohedge pointed out this week:

“Real yields, perhaps one of the most reliable macro drivers for gold, are now suggesting a key turn back up in the metal. Even though US 10-year interest rates have been rising since August, inflation expectations have begun to outpace nominal yields once again. Consequently, real yields are turning even more negative. As shown inverted in the chart below, declining real yields tend to drive gold prices upward. These two lines are now diverging significantly and, in our opinion, strongly suggest that the bull market for gold is poised to resume.

Gold and real rates

Source.

 

This is adding weight to our notion that gold (and silver, as pointed out in this week’s feature post) have likely bottomed.

As we said in that article, the fact that hardly anyone is buying currently is a good contrarian indicator that the bottom is in for silver and gold.

While vaccines might to some mean that the worst of this crisis is behind us, even more negative real interest rates mean your savings will need protection long after the COVID panic has subsided.

History Says: Great Time of the Year to Buy Gold and Silver

In case you missed our recent article: When to Buy Gold or Silver: The Ultimate Guide,  here’s an excerpt that is very relevant at this time of the year…

Why Buying This Year is Better Than Waiting Until Next Year

The chart of gold in NZ Dollars below, shows that you’ll also want to buy this year and not wait for next year.

As in 9 of the last 10 years buying towards the end of one year saw the gold price higher at the end of the following year (see the green arrows).

Note: We can also likely add this year to those 9 years where gold finishes the year higher than it ended the last year. That is assuming gold doesn’t tumble all the way back down below $2300 before the end of December – not very likely we’d say.

NZD-Gold-end-of-year-lows-chart
Also keep an eye out for sharp drops in the price of gold and silver over the low volume Christmas and New Year holidays. In 8 of the last 11 years we have seen the gold price fall sharply around this time (see the green ellipses). Therefore also making it a good time to buy gold and silver near the end of the calendar year. Will 2020 prove to be the same?

Read more.

Refer back to the top of this email for holiday ordering restrictions. We’re not closed as such but it depends upon suppliers as to what is available when. So get in touch over the break if you see a dip and are interested in buying.

  1. Email: [email protected]
  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:

An Excellent N.Z. Silver Buy Zone is Here – Charts Update Dec 2020

Tue, 15 Dec 2020 3:05 PM NZST

An Excellent N.Z. Silver Buy Zone is Here - Charts UpdateAfter rising sharply from March to August, silver has fallen sharply in the last few months. As a result, we now have what looks like an excellent silver buy zone. Here’s a look at a few silver charts showing why this might be…   The Big Picture NZD Silver: 4 Major Trends Since 2005 Looking […]

The post An Excellent N.Z. Silver Buy Zone is Here – Charts Update Dec 2020 appeared first on Gold Survival Guide.

Read More…

Gold and Real Rates Moving in Tandem, Could Signal a Big Move for Gold

Wed, 9 Dec 2020 1:11 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 $2560 Buying Back 1kg NZ Silver 999 Purity $1086 More Confidence a Bottom is in Gold in New Zealand dollars continued to move up sharply this week, after bouncing up from the […]

The post Gold and Real Rates Moving in Tandem, Could Signal a Big Move for Gold appeared first on Gold Survival Guide.

Read More…

What is the Best Type of Gold to Buy For Trading in a Currency Collapse?

Tue, 8 Dec 2020 3:51 PM NZST

Prior to the Corona-panic, most people probably hadn’t given much thought to the potential of a currency collapse in developed world countries, such as New Zealand. But with even the once conservative Reserve Bank of New Zealand this year joining the currency printing/quantitative easing brigade, and potentially the negative interest rate camp in 2021, the […]

The post What is the Best Type of Gold to Buy For Trading in a Currency Collapse? appeared first on Gold Survival Guide.

Read More…

Sharp Fall – But a Sharper Bounce Back – is the Bottom Now in for Gold & Silver?

Wed, 2 Dec 2020 8:04 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 $2474 Buying Back 1kg NZ Silver 999 Purity $1052 Sharp Fall – But a Sharper Bounce Back – is the Bottom Now in for Gold & Silver? Gold in New Zealand Dollars […]

The post Sharp Fall – But a Sharper Bounce Back – is the Bottom Now in for Gold & Silver? 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: [email protected]
  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
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

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1oz 2020 Royal Australian Mint 99.99% Gold Coin

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1oz Canadian Gold Maple 99.99% pure gold coin (2020)
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  • Prices are excluding delivery
  • 1 Troy ounce = 31.1 grams
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  • Request special pricing for larger orders such as monster box of Canadian maple silver coins
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  • Foreign currency options available so you can purchase from USD, AUD, EURO, GBP
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  • 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: [email protected]

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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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