This Week:
- Why A Dollar Collapse Is Inevitable
- In a US Dollar Collapse Won’t the Rising NZ Dollar Cancel Out Any Gold or Silver Gains?
- New Silver Bull Coming
Prices and Charts
NZD Gold Again on the 200 Day MA
Gold in NZ Dollars is down around 1% for the week. After breaking slightly out of the recent sideways range last week, it has since dipped back close to the 200 day moving average again.
Once again gold is in what looks like a pretty good buy zone. So far this year NZD gold has bounced off the 200 day MA each time it has hit it.
Silver Buy Zone – Below 50 & 200 Day MA’s
NZD silver also pulled back this week but only by half the amount gold did.
Silver looks to be carving out a low for the past 2 months. But it still remains in a great buy zone as it sits below both the 50 and 200 day moving averages. And also close to the multi year uptrend line.
NZ Dollar Due a Pull Back
Meanwhile the NZ Dollar is approaching the top of the trading range it has been in this year. The Kiwi is also close overbought on the RSI indicator. Along with sitting right at the top of the Bollinger bands.
To our eyes it looks like the NZ Dollar is due a pull back from here.
Unsure About Any Terms We Use When Discussing 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:
Continues below
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In a US Dollar Collapse Won’t The Rising NZ Dollar Cancel Out Any Gold/Silver Gains?
Check out this weeks feature post. Where we answer a reader question about how gold and silver might be affected if the US Dollar Collapses and so the NZ dollar conversely rises.
We also comment on why this outcome of the US Dollar weakening against the NZ Dollar may not be the given most people probably think it is.
Then we continue the Dollar Collapse theme with Alistair Macleod.
This article explains why another collapse is due for the dollar. It describes the errors that led to the two previous episodes, and the lessons from them relevant to understanding the position today.
If you are well versed on the 1930’s and 1960’s-70’s history, then just skip forward to the final section headed: The situation today…
Silver Sure to Rise (Eventually!)
With gold and silver near their lows for the year and the NZ Dollar hear it’s high, our guess is today is likely a very good buy zone for both metals. But Silver in particular.
If you want more reasons to buy silver check out the post below called:
You’ll see there are 3 indicators that indicate silver is in a bullish set up.
These include very high gold to silver ratio, extreme speculative short position levels and extremely low speculative long position levels in the silver futures market.
When any one of these are in play they give strong buy signals. But right now all three indicators are flashing buy. In the same post we’ve also added a video from Mike Maloney as he covers a number of the same points and couple of his own. But leading to the same conclusion that silver is poised to move higher.
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.
If you don’t have any silver or gold in your possession yet, get in touch to discuss your options:
- Email:Â orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Online order form with indicative pricing
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It’s a good idea to understand the history of the monetary system over the past 100 years or so. Why? Because what has happened before can give a pretty good indication of what may come to pass in the future. This article explains why another collapse is due for the dollar. It describes the errors […]
There are a number of solid indicators that often indicate silver is in a bullish set up. These include very high gold to silver ratio, extreme speculative short position levels and extremely low speculative long position levels in the silver futures market. When any one of these are in play they give strong buy signals. […]
The US Dollar may well have entered another cycle of decline against the other major currencies of the world. This week we have a question from a reader as to how this might impact any gains in the NZ Dollar gold price: You wanted a question, so here’s one that’s been niggling in the back […]
 This Week: A Gold to Silver Ratio Video Update: Time to Favour Silver The World’s First Government-Backed Cryptocurrency Optimist or Pessimist on Silver? New Look Website Live Rising Bond Yields Indicate Coming Problems? Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 […]
