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
NZD Gold Minor Breakout
Gold in NZ Dollars moved up out of the sideways pattern it has been in since the start of 2018. It’s not a conclusive breakout – we’ll need to see it get above last year’s high above $1900 for that. But gold in NZ Dollars did reach the highest price for 2018, so is of some note.
Likewise in US Dollars gold still needs to get above the key overhead resistance of $1375 from 2016.
Silver Wedge Continues
Silver in NZ Dollars looks to be edging higher over the past couple of months and may have carved out a low.
Whether measured in NZ or US Dollars silver is in a long term wedge formation. A formation it will break out of sometime in the coming weeks or maybe couple of months tops.
The NZ Dollar is barely changed from last week. So far it has held up above the 0.72 support level. But with the Kiwi making a series of lower highs and slightly lower lows so far in 2018, further weakness would not be a surprise.
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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Gold and Silver Future Traders Latest Numbers
“The CFTC’s Commitment of Traders Report as of 3/27 showed the large funds adding a whopping 35.1k contracts of longs and slashing 19.5k contracts of shorts to increase their net long position by 54k to 203k.
This sizeable shift was done on gold’s rally to $1357 last week. Since the report, around 10k net longs were reduced, taking the net fund long position to approximately 195k.
Given that gold has come back to $1341, a Net Fund Long Position under 200k contracts is comparatively and historically small, and is certainly a bullish factor in the near/intermediate term as it leaves plenty of room for new longs to pile in and drive rallies further.
For silver fans, the large funds got further short (net short 14k contracts), shedding 3.0k longs and cutting 1.9k contracts of shorts, and was a bullish factor as silver rallied over $0.25 today.”
Source.
New Look Website Live
The new GoldSurvivalGuide.co.nz website is finally live.
This is just the first step in further improvements to come over the next few weeks. Note: There are some links that might not be active at the moment.
So far this is just a new look and a newly redesigned homepage. With the aim of making it easier to find information on the website.
There is a new search window making it easier to find a particular article (and soon also a particular product).
Under the “Education” menu you’ll see a number of new categories on our blog. Also making it easier to learn more on a particular topic. Our thousands of previous articles are getting re-categorised as we type.
So stay tuned for more updates soon on the website improvements.
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.
Rising Bond Yields Indicate Coming Problems?
Here’s a chart summarizing US monetary policy and the way it has evolved over the years from Grant Williams at the recent Mauldin SIC conference:
“The line colors denote each Fed chair’s tenure, and Grant has calculated their average federal funds rates. Younger readers will probably find those Volcker years incomprehensible. 20% overnight rates? Yes, it happened. I remember having a bank line from which I borrowed at 20%. And was happy to get it. And rates were 10% or close to it for more than five years. Hard to imagine now, even for us graybeards who lived through that time.In any case, I suspect Jerome Powell will break the pattern of each chair’s delivering lower rates than the last. Yellen’s 0.5% average will be hard to beat – though if we get into a recession, he may well try.Grant also showed this next one, which adds the 10-year bond yield to the chart above. …Here again we see a nice downtrend that appears to be getting broken.  Ominously, you can see from Grant’s labels with arrows that peak yields tended to correspond with crises. If the current breakout persists, it is probably going to get its own label, and I bet we won’t like it.” Source.The odds are the next crisis will be positive for gold and silver prices. So make sure you have your position before it arises.
Finally don’t forget to check out the latest posts on the website below.
If you don’t have any silver in your possession yet, get in touch to discuss your options:
- Email: 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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