Latest Business Confidence Numbers Confirm it’s Too Early to Celebrate the NZ GDP Numbers

This Week:

  • Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?
  • Where Are We in the Psychology of the Silver Market Cycle?
  • Gold and Silver Commitment of Traders (COT) Report: Update

Prices and Charts

Change from last weeks gold and silver prices

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Silver Continues to Outperform Gold

Gold in NZ Dollars made a higher low last week and has jumped higher the past couple of days. Now sitting just below the 200 day moving average, we may see it push above that now.

NZ Dollar Gold Chart

NZD silver has outperformed gold again this week. Silver is up over 2% for the week and back above the 50 day moving average (MA). Look out for a move back to the 200 day MA and then a likely pullback

NZ Dollar Silver Chart

Has silver finally put in a bottom? There have been so many false starts in recent times that not many would believe it.

We are probably still in the “Depression” phase for silver in terms of investor psychology.

Check out this article for what phase might be next and what might cause it to move out of it…

Where Are We in the Psychology of the Silver Market Cycle?

Psychology of the silver market

The New Zealand dollar failed to get conclusively above the 50 day MA. But perhaps we will see the Kiwi level out around the 0.65 mark for a bit now?

NZ Dollar Chart

Need Help Understanding the Charts?

Check out this post if any of the terms we use when discussing the goldsilver and NZ Dollar charts are unknown to you:

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Continues below

 

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Latest Business Confidence Numbers Confirm it’s Too Early to Celebrate the NZ GDP Numbers

We noted last week that it might be premature to get too excited about the latest NZ GDP numbers.

The latest quarterly survey on business opinion by the NZIER adds weight to that statement.

“The survey released on Tuesday revealed that a net 28% of businesses expect economic conditions to worsen. This is the lowest level since March 2009. The New Zealand dollar dropped after the survey results came out, from US66.15c to US65.95c.

The most watched measure in the survey is that for firms’ own domestic trading activity. This is bad too. The NZIER said firms’ own activity for the September quarter and expectations for the next quarter both fell, indicating a slowing in economic growth over the second half of 2018.”

ASB notes:

  • NZIER QSBO survey details were softer than we expected and point to a deceleration in GDP growth over H2 2018.
  • However, forward-looking indicators remained relatively upbeat. As such we will look to see how key data evolve over the coming months.
  • If the growth and employment figures released over the rest of the year are consistent with soggy business confidence, we see it becoming increasingly likely that the RBNZ will pull the trigger and possibly cut the Official Cash Rate (OCR) early next year.

As we’ve been pointing out for a while, we think the odds of the next move by the RBNZ being a rate cut are higher than most think. See: The Number One Reason to Buy Gold in New Zealand Today

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Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?

Sticking to the topic of cycles we’ve also updated a post from last year looking at how the cycles in property and gold may interplay in the next decade or so.

Despite the pessimism towards precious metals, there is a good argument for gold and silver to rise from here through to 2026 and even beyond. See what property may do during this period. Could there be an even bigger property boom still to come after the current downturn is over?

Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?

Gold Cycles

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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Gold and Silver Commitment of Traders (COT) Report: Update

The latest numbers in the commitment of traders report in the futures markets for gold and silver are even more positive for a rebound or even a rebirth in the gold and silver bull market.

Gold and Silver Commitment of Traders (COT) Report: Update

COT Report

As we point out in the above article, silver made a series of higher lows and higher highs over the past fortnight. So perhaps we are finally seeing the start of a sustained move higher for precious metals? And maybe finally a move out of the “depression” phase silverin particular has been in.

Could be a good time to buy. Check out the deals going 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:

Gold and Silver Commitment of Traders (COT) Report: A Beginners Guide

Wed, 3 Oct 2018 1:37 PM NZST

Gold and Silver Commitment of Traders (COT) Report_ A Beginners GuideLearn all about the gold and silver commitment of traders (COT) report and how understanding it can help determine when to buy gold and silver. This post covers: What is the Commitment of Traders (COT) Report? The Current Positions in the Commitment of Traders Report for Gold and for Silver What is a “Short Squeeze”? What […]

The post Gold and Silver Commitment of Traders (COT) Report: A Beginners Guideappeared first on Gold Survival Guide.

Read More…

Where Are We in the Psychology of the Silver Market Cycle?

Wed, 3 Oct 2018 12:47 PM NZST

Where Are We in the Psychology of the Silver Market Cycle?Where Are We in the Psychology of the Silver Market Cycle? This article looks at the phases of investor psychology in market cycles. Then compares these phases to the silvermarket cycle over the past 8 years or so, to see where the silver market is currently. Therefore helping to indicate where silver is going […]

The post Where Are We in the Psychology of the Silver Market Cycle? appeared first on Gold Survival Guide.

Read More…

Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?

Wed, 3 Oct 2018 11:03 AM NZST

Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?The concept of long term cycles and how history at least rhymes, if not repeats, is a topic we find really interesting. If somewhat hard to explain exactly why these cycles repeat. Last year we contemplated whether the new NZ government policies would cause a house price crash. And also whether NZ house prices had […]

The post Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation? appeared first on Gold Survival Guide.

Read More…

Why it Might be Premature to Celebrate the NZ GDP Number

Fri, 28 Sep 2018 7:36 AM NZST

This Week: Why Buy Gold? Why Buy Silver? And Choosing Between the Two Precious Metals Why it Might be Premature to Celebrate the NZ GDP Numbers Why Trump Could Be Good for Gold Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity […]

The post Why it Might be Premature to Celebrate the NZ GDP Number 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
$1901
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$788 (price is per kilo for orders of 1-24 kgs)
$781 (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
$1932
1kg PAMP 99.9% pure silver bar
PAMP Silver
$847
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1967    (or $1936 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 $701
Box of 500 $13,684 (2018’s)
$13,630 (backdated other years)

(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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