This Week:
- An Excellent N.Z. Silver Buy Zone is Here – Charts Update
- Dow Gold Ratio: How Does Gold Compare to Shares For the Past 100 Years?
- Further Details on Silver Manipulation Exposed
- Sign of a Top in Aussie?
Prices and Charts
Gold and Silver in NZD Down Sharply – Serious Buy Zones
With Kiwi dollar rising this week and offshore precious metals prices falling, local gold plunged over 3% this past week.
NZD gold has fallen over $100 in the past 2 weeks. Repeating the fall of late 2018 almost exactly (see chart below). Today gold is sitting on the horizontal support line at $1775 which has proven to be very strong support all this year. Look for it to bounce off this again. This would make now a very good buy zone for NZD gold.
NZD silver also took a towelling this week. Down almost 5%! But the upshot of this is the price is down to levels not seen since mid 2017. And back then these happened overnight only briefly so hardly anyone had the chance to buy at those prices back then.
In this weeks feature article below we look at various silver charts in more detail. They point to now being a very good buying zone for silver.
The Kiwi dollar is up from last week. But over the past few days has turned lower. However the RSI is still in overbought territory. So our guess is the NZ dollar should have further to fall yet. Perhaps back to 0.66 or even to 0.65?
This should also add support to local gold and silver prices.
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:
Continues below
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An Excellent N.Z. Silver Buy Zone is Here – Charts Update
As the silver chart above showed we think silver is now in an excellent buying zone. Check out the charts in this post to see why…
Dow Gold Ratio: How Does Gold Compare to Shares For the Past 100 Years?
The post US election bounce in stock markets looks like it might have come to an end over the past couple of days. The main US stock market indexes have fallen over the past few days.
The share market rally since 2009 is definitely getting long in the tooth. While that doesn’t mean it will end next week or next month, the day is getting closer.
How does the stock market perform compared to gold over the very long term?
This post delves into that question and looks in detail at the Dow to Gold ratio…
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.
Sign of a Top in Australia?
Have you heard reference to the Economist Magazine cover as a contrarian indicator?
See this article for more on an interesting study of 44 Economist covers. It seems to offer some proof to the theory that by the time a topic makes it to the cover it may well be time to do the opposite of what the cover says.
So it was interesting to see the Economist cover for the week of 27 October 2018 entitled “Aussie rules”…
In this issue the magazine put Australia on its cover as an example for the rest of the world to follow.
They state:
“Rising incomes, low public debt, an affordable welfare state, popular support for mass immigration and a broad political consensus: in most of the rich world such blessings are a distant dream, in Australia they are a proud reality. The country has been growing for 27 years without a recession. The public finances are in excellent long-term shape.”
With house prices in the main cities continuing to pull back it looks like the economist may strike again! This cover could prove to be a great sign of a top in the Australian economy.
Further Details on Silver Manipulation Exposed
Another bank trader plead guilty to manipulation of silver futures last week. There is quite a pile of cases having taken place over the past 2 years now.
Here’s all the details on the latest manipulation conviction and what it means.
Silver prices are not far from 3 year lows today. On top of the low spot price we still have a limited number of the PAMP 15kg silver boxes for sale at the same price as local silver – a real steal. So buying today you get a double discount. These are not listed on the website so just reply to this email or phone us to get a quote.
- Email: orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Shop Online with indicative pricing
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A former JP Morgan trader last week pleaded guilty to charge of manipulation of precious metals markets over a period of 7 years. “John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing. Edmonds, a 13-year J.P. Morgan veteran, said that […]
Here’s a great question from a reader on gold versus shares. You’ll see why perhaps you shouldn’t simply compare shares/stocks to gold over a long period of time and then use this as an argument not to buy gold. You’ll also learn all about the Dow Gold Ratio… QUESTION: Often you see the comparison of […]
After bouncing back in late October and early November silver has fallen sharply in the last couple of weeks. As a result, we now have what looks like an excellent silver buy zone. Here’s a look at a few silver charts showing why… The Big Picture NZD Silver: 3 Major Trends Since 2005 Looking […]
This Week: PAMP Suisse vs Local NZ Gold / Silver: Which Should I Buy? Australia Has 80 Tonnes of Gold, How Much Gold Does New Zealand Have? A New Gold Scandal – England Denies Australia Access To Its Gold Bank Conduct and Culture Review: NZ Not as Bad as Aussie, But Still Plenty of Issues Prices and Charts Looking to sell your gold and silver?Visit this page […]
