Prices and Charts
NZD Gold Hits New All-Time High
A 27 month low for the Kiwi dollar coincided with a new all time high in NZD gold this week. NZD gold is up $97 from last week. Although it is down from the all time high reached a couple days back. But that is a hefty rise since it bottomed out around $4350 back in November. So buying any dip down to the blue uptrend line (which now also coincides with the 50 day moving average) looks like being a good long term move.
It’s a different picture in USD terms. Gold is up $47 from last week. But has dipped after touching the blue downtrend line. USD gold looks likely to have bottomed at $2550. As the 200 day moving average is now close to reaching that level too.
Silver Still Hovering Around Moving Averages
Silver in NZ Dollars is up $1.31 from last week to $54.81. It continues to hover around the key 50 day moving average (see the blue line). Good chance that NZD silver has bottomed around $51. So it is likely a good buying zone here as silver heads higher to test the green downtrend line.
USD Silver was up 65 cents to $30.77. So it continues to hover around the lower 200 day MA in USD terms. There is a decent chance that silver bottomed over the low volume holiday period. So anywhere around current prices is likely a great long term buying zone.
NZD Dollars hits 27 Month Low
As noted already gold has provided protection for NZ holders from the sharply weaker NZ dollar. It briefly touched 0.5500 this week for a 27 month low. But has risen since then to be down 16 basis points from last week to 0.5611.
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:
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Gold and Silver Shine in 2024: A Year in Review and 2025 Outlook
In this week’s feature article, we review the performance of gold and silver in New Zealand dollars for 2024 and share our predictions for 2025. Gold saw a significant increase, outperforming many major asset classes, while silver also experienced substantial gains. We analyse the factors contributing to these trends and discuss what they might mean for investors in the coming year.
Discover the key drivers behind the impressive performance of precious metals in 2024 and also our forecasts for 2025. Whether you’re considering entering the market or adjusting your current holdings, this article provides valuable information to help guide your investment strategy.
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Investment Guru Jim Rogers Sells All His U.S. Stocks (Says Buy Silver Instead)
Here’s a spoiler alert for one of our predictions in this week’s feature article. We expect global stock markets to end the year lower than they began them.
It seems investment guru Jim Rogers is also thinking this way. In a recent interview he said he is selling all his U.S. stocks and is buying silver above all else. The interview is linked below:
Jim Rogers Just SOLD All His US Stocks (and is buying silver)
New US Treasury Secretary: Gold Holds the Center of His Portfolio
Speaking of Jim Rogers, the incoming US Treasury Secretary under Trump, Scott Bessent, has some history there. During his 40 year investment career he has learnt from some investing heavyweights, learning research from Jim Rogers, short selling from Jim Chanos, global macro investing from George Soros and Stan Druckenmiller. Bessent has been profiled as very positive towards digital currencies.
However what has not been so publicised is that gold is his “biggest position” in his portfolio. He will now have to put his investment into a blind trust when he takes office. While there are no guarantees that any gold positive actions will come from his office, this will be the first time in a long while that a treasury secretary has been a gold advocate. He discusses Gold at around 50 minutes into the interview).
Incoming Treasury Secretary Scott Bessent Interview
Surprise! Surprise! Inflation Expectations Rise With Fed Rate Cuts
Another of our predictions for 2025 involve inflation. Tavi Costa has an excellent chart on US inflation expectations vs the Federal Reserve set interest rate:
“It’s fascinating how inflation expectations have almost perfectly bottomed exactly when the Fed started to cut rates.
10-year breakeven rates are now at its highest level since October 2023.
Here is a reminder that when debt limits a monetary authorities actions, inflation becomes the path of least resistance.”
Source.
If you want to join the likes of Jim Rogers buying silver this year then please get in touch.
Please get in contact for a gold or silver quote, or if you have any questions:
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