History Shows: 7 Straight Days of Silver Price Rises Equals More to Come

This Week:

  • Federal Reserve Balance Sheet Reduction: What Impact Did it Have in 2018? What about 2019?
  • 2018-2019 Pop Goes the Bubble
  • History Shows: 7 Straight Days of Silver Price Rises Equals More to Come

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $1822
Buying Back 1kg NZ Silver 999 Purity $698

NZD Gold Correcting After Strong Run

As expected gold in NZ dollars has been correcting after a strong run higher to end 2018.

Having pulled back about $40 per ounce this year, it may have a little further to fall yet. Perhaps to around $1850 or even down to the 200 day moving average?

But we are getting close to the buying zone now.

Gold continues to make higher highs and higher lows since 2016. Once the 2.5 year high is broken just above $1925 there is a lot of blue sky ahead for the price of gold in NZ dollars.

NZ Dollar Gold Chart

Silver Doing the Same

Silver is also pulling back as we thought it might after touching the multiyear downtrend line. NZD silver is now close to the 200 day MA. Maybe we’ll see it head even a little lower than that? As we said last week a move back to $22 would be about a 50% retracement of the late 2018 run higher.

So a buying zone approaches for silver too.

NZ Dollar Silver Chart

Meanwhile the NZ dollar also moved higher as we suspected it might last week. Now sitting right on the 200 day MA.

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: What Impact Did it Have in 2018? What about 2019?

In our year in review article last week we commented on how poorly most assets did in 2018.

This week we’ve revisited what we think was the likely cause of this poor performance: The Fed balance sheet reduction or quantitative tightening (QT).

When we first wrote about this in September 2018 we suspected it could be what causes the likes of share markets and property prices to stop their ascent.

We think this may be the economic measure to watch closely in 2019.

Even though the US central bank head Jerome Powell has recently talked down the odds of further US interest rate hikes this year. The data we are following shows the Fed has continued its QT at the same pace as promised.

So read on to see:

  • What is central bank balance sheet reduction?
  • What was its impact in 2018?
  • What will be the impact of QT in 2019?
  • How might the Fed and other central banks respond?
  • What to do to prepare?

Federal Reserve Balance Sheet Reduction: What Impact Did it Have in 2018? What about 2019?

Federal Reserve Balance Sheet Reduction: What Impact Did it Have in 2018? What about 2019?

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2018-2019 Pop Goes the Bubble

Also on the topic of poor performance of share markets and other assets is the latest article from Darryl Schoon. See why Darryl thinks 2018 saw the start of the popping of these bubbles and how it will continue in 2019.

2018-2019 Pop Goes the Bubble

2018-2019 Pop Goes the Bubble

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NZ Economy Continues to Slow

ANZ’s Truckometer indexes are now clearly flashing warning lights about a slower growth path for the New Zealand economy.

This is one of the measures pointing to why the Reserve Bank will eventually need to cut interest rates.

“ANZ Bank economist Liz Kendall says the New Zealand Institute of Economic Research’s latest quarterly survey of business opinion shows the Reserve Bank will eventually need to cut interest rates. Other economists agree that deteriorating business profitability raises risks that future employment, investment and economic growth generally could deteriorate, but they’re still picking the next move in the official cash rate – eventually and definitely not soon – will be up.”

Source.

History Shows: 7 Straight Days of Silver Price Rises Equals More to Come

As you’re no doubt aware, silver finished 2018 strongly.

But did you know it went up for 7 days straight? More importantly did you know what this has meant historically?


“While stocks ended 2019 with a plunge, another asset class soared.

Thanks to massive uncertainty in the stock market, precious metals have moved into a silent uptrend in recent weeks. Gold jumped nearly 5% in December alone.

But if you only focus on gold, you could miss out…

You see, silver will always live in the shadow of gold. It will always play second fiddle. But today, overlooking this precious metal is a mistake.

Silver recently moved higher for seven consecutive days. And history says that momentum should lead to further gains. The reason is simple…

When an asset moves higher several days in a row, it’s often a sign that the trend is accelerating. It signals that more upside is likely.

This is exactly the setup we are seeing in silver right now. Take a look…

Silver rallies 7 days in a row

Silver had been trudging along. But that changed in December. The metal absolutely soared… And it jumped for seven straight days in the process.

This big move higher could mean even more gains for silver. We can see this by comparing similar moves in silver to normal periods going back to 1975. Take a look…

Silver Performance After it rallies 7 days in a row
 
Silver has returned just 3% a year since 1975. That poor return doesn’t mean you should ignore the precious metal, though. Buying after consecutive up days tends to mean a strong uptrend is underway… And big gains have followed in times like these.

Similar instances have led to 6% gains in six months and a solid 16% gain over the next year. Those returns crush the typical poor returns of silver.

Precious metals were the silent winner in the final weeks of 2018. The trend is up in both gold and silver. And that means now is a safe time to buy.”

Source.

Silver has pulled back in the last 2 weeks, but history shows that there is likely to be more upside ahead in 2019 for silver.

Check out the deals available currently.

  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:

2018-2019 Pop Goes the Bubble

Wed, 16 Jan 2019 11:27 AM NZST

2018-2019 POP GOES THE BUBBLEDarryl Schoon outlines why he believes the asset bubble inflated since 2008 started to pop at the end of 2018. He also briefly explains a new venture he is involved in with. A gold and silver streaming company, that importantly (and unlike other streaming companies) will hold onto the bullion it receives until after the […]

The post 2018-2019 Pop Goes the Bubble appeared first on Gold Survival Guide.

Read More…

Federal Reserve Balance Sheet Reduction: What Impact Did it Have in 2018? What about 2019?

Tue, 15 Jan 2019 4:55 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? What impact will the ongoing balance sheet reduction now have? Firstly, What is the Federal Reserve Balance Sheet and How Did it […]

The post Federal Reserve Balance Sheet Reduction: What Impact Did it Have in 2018? What about 2019? appeared first on Gold Survival Guide.

Read More…

Gold/Silver Power Higher Over the Holidays

Fri, 11 Jan 2019 4:11 AM NZST

This Week: Gold & Silver in NZ Dollars: 2018 in Review & Our Punts for 2019 Gold/Silver Power Higher Over the Holidays What Do You Mean There is No Safe Haven? Best Time to Buy Gold since 2001? Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying […]

The post Gold/Silver Power Higher Over the Holidays appeared first on Gold SurvivalGuide.

Read More…

Gold & Silver in NZ Dollars: 2018 in Review & Our Punts for 2019

Tue, 8 Jan 2019 4:25 PM NZST

THE YEAR IN REVIEW GOLD SILVER IN NZ DOLLARSIt’s time for our annual review of the performance of gold and silver in New Zealand dollars. We’ll also look back on our predictions from the start of 2018 and then finish off by making a few guesses as to what 2019 may hold for us. 2018 was quite a change from 2017 overall in […]

The post Gold & Silver in NZ Dollars: 2018 in Review & Our Punts for 2019 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
$1962
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
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$798 (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
$1993
1kg PAMP 99.9% pure silver bar
PAMP Silver
$852
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$2031    (or $1993 for 10 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 $734
Box of 500 $13,828 (2018’s)
$13,776 (backdated other years)

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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 BTC, BCH, 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
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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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