NZD Gold Continues to Consolidate Above Uptrend Line

Prices and Charts

Change from last weeks gold and silver prices

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NZD Gold Continues to Consolidate Above Uptrend Line

Gold in New Zealand dollars was up around $11 from a week ago. It continues to consolidate above the rising blue trendline. If this consolidation fails, then the next buying zone to watch for would be the support/resistance line at $2700. Below that would be the 200 day moving average, which is currently at $2643. But this current area is likely to be a good place to begin making purchases.

NZ Dollar Gold Chart

Silver Going the Other Way – Down 1.5% to Retest the Downtrend Line

Meanwhile, silver in New Zealand dollars went in the opposite direction to gold. Down 56 cents from 7 days prior. Silver now sits right on the downtrend line of the wedge that it broke out of in February.

It is not a big surprise to see it retest this break out. Something we have been saying to watch for over the past few weeks. It could still dip lower to the 200 day MA or even down to the blue uptrend line. But like gold, between here and those points is likely to be a good long term buying zone.

NZ Dollar Silver Chart

Kiwi Dollar Still Hovering Around the 200 Day Moving Average (MA)

The New Zealand dollar is down 14 basis points from last Wednesday. The Kiwi continues to hover around the 200 day MA at 0.69. After a consolidation we could yet see it push up to 0.70 which is the top of the downtrend channel. That will likely be tough resistance. With the likes of the USA and now Australia looking to also finally raise their interest rates, this could be a headwind to larger NZ dollar gains.

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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Has Russia Just Put a Floor Under Gold?

Last week we discussed how the USA and other countries blocked Russian use of the SWIFT international payment system. Then went even further by freezing around $300 billion of Russia’s $640-billion gold and forex reserves.

Call Putin what you will, but he does seem to be as cunning as a weasel.

Last week Russia announced a kind of financial counterattack. With the central bank announcing that it will between now and 30 June purchase gold from local Russian banks at a fixed price. What are the implications on the gold price of this move?

In this week’s feature article we look at a number of opinions on this move. It covers:

  • What is the Rationale Behind Russia’s Fixed Gold Price?
  • A Reminder of the U.S. Response to the Great Depression
  • Ronan Manly in ZeroHedge Calls This Move “A Paradigm Shift Western Media Hasn’t Grasped Yet”
  • What Will Happen on June 30?

Has Russia Just Put a Floor Under Gold? Russian Central Bank Sets Fixed Price of 5,000 Roubles per Gram

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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.

Win a silver coin

February Winner

We forgot to announce the winner of the coin for best question in February. It was Gary with this one:

Watching our dollar fall is puzzling me. I thought that NZ was well regarded with respect to covid control and exports making our country relatively stable financially. Yet we have lost approximately eight cents in the last year, to 2016 levels, and the trend seems to be pushing us lower to the dark days of 2020 when we briefly  dipped to below sixty cents.
Is there a reason for this, I seem to be missing something?

And here was our answer in case you missed it: Why is the NZ Dollar So Weak When We Are Supposed to be Doing Well in Terms of Covid?

What You Need to Know about Silver Bars

Silver has certainly increased in popularity. Over the last 6 months or so we have definitely seen an uptick in people interested in buying silver.

If you’ve been thinking about buying silver, then check out this post which explains all you need to know about silver bars.

What You Need to Know about Silver Bars

What You Need to Know about Silver Bars

Then if you you’d like a quote for silver bars, coins or even gold, Please get in touch…

  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:

Has Russia Just Put a Floor Under Gold? Russian Central Bank Sets Fixed Price of 5,000 Roubles per Gram

Wed, 6 Apr 2022 8:48 AM NZST

Last week Russia’s central bank announced a major change. It will now purchase gold from local banks at a fixed price. What are the implications on the gold price of this move? Kitco reported: …the Russian central bank will pay a fixed price of 5,000 roubles ($52) per gram between March 28 and June 30, […]

The post Has Russia Just Put a Floor Under Gold? Russian Central Bank Sets Fixed Price of 5,000 Roubles per Gram appeared first on Gold Survival Guide.

Read More…

What You Need to Know about Silver Bars

Thu, 31 Mar 2022 2:52 PM NZST

what-you-need-to-know-silver-bar-imgA lot of people new to investing in precious metals immediately leap to gold. However, the market and opportunities in the silver industry are equally as deep and interesting for people at any stage of their financial journey. They’re worth exploring to have a full understanding of the options they have. Why People Invest in […]

The post What You Need to Know about Silver Bars appeared first on Gold Survival Guide.

Read More…

COVID-19 and Now War Makes Us Wonder: What Use Will Silver Coins be in New Zealand in a Currency Collapse?

Tue, 29 Mar 2022 7:09 PM NZST

The uncertainty brought about by COVID-19 highlighted the important role that cash plays in times of economic uncertainty. Now recent moves after the Russian invasion of Ukraine also make us think about the role of cash and then also silver coins in a currency crisis… International Reaction to Russian Invasion to Speed Up the End […]

The post COVID-19 and Now War Makes Us Wonder: What Use Will Silver Coins be in New Zealand in a Currency Collapse? appeared first on Gold Survival Guide.

Read More…

What is the Gold Silver Ratio? What Might the Ratio Do in 2022?

Tue, 22 Mar 2022 11:45 PM NZST

What is the Gold Silver Ratio_ Why is the Gold Silver Ratio at New HighsWhat is the gold silver ratio? Why is the gold silver ratio still at very high levels? In this post you’ll learn: What is the Gold Silver Ratio? The gold silver ratio is simply the price of an ounce of silver divided into the price of an ounce of gold. The resulting number shows how […]

The post What is the Gold Silver Ratio? What Might the Ratio Do in 2022? 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
$2,879.80
1kg Pure Silver bar
1 Kilo NZ Silver Bar
Local silver bar $1,248.00 
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$92,065.27
1oz ABC Bullion Gold Cast Bar
1oz ABC gold bar
$2,898.80 (Not on website -email to order)
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,982.60   (in stock)
1 oz RCM Silver Maple Coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25: $N/A (pick up) (Tubes of 1oz silver Britannia’s and Krugerrands are available for $1106.250, but not here until after 18 April)
Box of 500:

$23,544.86 (Pre-order)
Including shipping/insurance 3-5 weeks delivery

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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
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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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