RBNZ Cheap Loans Continue – Official Cash Rate On Hold at 0.25 Percent

Prices and Charts

NZD Gold Bouncing Back Over $100 Since Last Week

Gold in New Zealand dollars was up over $100, or more than 4%, in the past 7 days. This speedy bounce back means NZD gold has already regained all of last week’s plunge. It is now back above both the 50 day and 200 day moving averages.

However, after such a fast bounce back it would not be a surprise to see a pullback before gold gets too much higher.

NZD Silver Up Almost 2.5%

Silver in New Zealand dollars is up around 80 cents since last Wednesday. Regaining around half of last week’s plunge down. NZD silver is now back above the horizontal support line at $34 and has moved out of the most oversold it had been since the initial March 2020 panic.

NZ Dollar Plunges Over 1%

Following yesterday’s lockdown announcement, the New Zealand dollar is down over 1% from a week ago. As suspected the Kiwi has been unable to get above the 200 day moving average. Having not been above that line since June. The NZD is now at the lowest point it has been this year.

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

The Latest on Gold and Silver Manipulation Exposed

After last week’s flash crash in gold and silver, we pointed out that this wasn’t the first time we have seen what is likely to be manipulation of gold and silver. See: Deja Vu – Precious Metals Smashed Lower… Again

Now, some might say manipulation is just some tinfoil hat nutjob conspiracy theory.

However there has actually been a large number of charges brought against banks for doing just that.

Read this week’s feature article to see just how many and how significant some of the fines have been.

• Latest Precious Metals Manipulation Charges
• “Spoofing” Proven to Be Widespread
• A Deluge of Information on Gold and Silver Manipulation
• A Visual Representation of Manipulation in Precious Metals Markets
• Are the Regulators Serious about Ending Gold and Silver Manipulation?
• Not All Silver Price Rigging is Illegal

The Latest on Gold and Silver Manipulation Exposed

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 Gold and Silver Are Manipulated, Why Bother Investing?

Following on the same theme, we also have a great article that answers the question that then springs to mind: If Gold and Silver Are Manipulated, Why Bother Investing?

If Gold and Silver Are Manipulated, Why Bother Investing?

RBNZ Cheap Loans Continue – Official Cash Rate On Hold at 0.25 Percent

Amazing what a difference a day can make. After much talk from bank analysts that the RBNZ may hike interest rates by 0.50% today, instead they left them on hold.

The uncertainty around the latest “outbreak” is their rationale for holding at the record low rate.

We have maintained that this central bank is likely to follow most others and err on the side of too much cheap currency, rather than too little. This announcement certainly points to that being the case.

Expect more bubbles of the asset variety to go along with the enforced household “bubbles”.

Good Luck

Good luck to everyone, and business owners especially, in surviving this latest lockdown order. The continuing pursuit of an elimination strategy looks like it might not be the last one we see. It seems those people we reported last week buying emergency food had likely seen this one coming.

As noted already we can continue to take orders and lock in prices for gold and silver. However like last year, dispatch of orders will have to wait until the lockdown is lifted and normal courier deliveries resume.

So get in contact if you’d like a quote:

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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Shop the Range…

—–

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

• 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.
  

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