|Spot Price Today / oz||Weekly Change ($)||Weekly Change (%)|
|NZD Gold||$1821.50||+ $3.82||+ 0.21%|
|USD Gold||$1334.25||+ $10.80||+ 0.81%|
|NZD Silver||$27.06||+ $0.97||+ 3.71%|
|USD Silver||$19.82||+ $0.82||+ 4.31%|
|NZD/USD||0.7325||+ 0.0044||+ 0.60%|
|Looking to sell your gold and silver?Visit this page for more information|
|Buying Back 1oz NZ Gold 9999 Purity||$1760|
|Buying Back 1kg NZ Silver 999 Purity||$828|
NZD gold has managed to keep it’s nose above the “low tide mark” at $1800 this week. Also managing to close above the 200 day moving average mark.
All said, it is looking rather positive for gold in NZ dollars currently. The 50 day and 200 day moving averages continue to run parallel to each other as they have since February. Indicating a bullish trend in place.
This is in the face of what continues to be a rising kiwi dollar as seen below.
Silver has bounced up quite sharply today off the $26 horizontal support/resistance line. Could well be trending higher again already. It is getting close to the overhead rising blue trendline today.
The RBNZ kept the Overnight Cash Rate on hold at 2.00%. The US Federal Reserve also kept their key interest rate on hold despite a few pundits picking a surprise rate hike.
However over the past couple of weeks we’ve mentioned how longer term US treasury bond interest rates have actually been ticking higher since forming a possible bottom in July. (see Has the Bond Bubble Popped? Interest Rates to Rise? Impact on Gold and Silver? and Reminder: Gold Will Rise With Interest Rates)
More people are starting to notice the action in bonds it seems. From Bill Bonner’s diary this week:
Remember, bond prices fall as their yields (interest rate) rises. So the fact bond prices are dropping shows long term interest rates are rising. Perhaps because inflation is seen on the horizon?
This week we posted an article on silver from Hubert Moolman on the website:
(As always, check out the rest of the articles and videos posted on the website this week at the end of today’s email.)
In doing so we noticed an article of his from earlier this year on a topic we haven’t seen covered much previously. Silver’s relationship to interest rates.
Here’s his thoughts.
Sticking to silver but looking at it in comparison to gold now rather than interest rates.
Jeff Clark of GoldSilver.com wrote a piece this week on the gold silver ratio, which we too have been pointing out appears to have changed tack this year. With silver now looking to outperform gold in the longer term.
Here’s a chart of the Gold/Silver Ratio from our daily price alerts email today (get access to that here if you’re interested):
Silver has been rising faster compared to gold this year so the ratio has fallen from almost 85 down to 67.
Jeff’s table below plots the potential price of silver based on various Gold/Silver ratios at various gold prices. Pick your expected price of gold on the right axis and you silver ratio along the top to get the resulting silver price.
Even if gold only rose to US$3000, a not too outlandish possibility, if the ratio hit it’s 1980 low this would result in a silver price of US$214.29!
So if your silver position remains underwater still, you may be able to take some assurance that there is still potential upside ahead.
Conversely if you are yet to buy you can see clearly that the financial insurance that is silver has plenty of blue sky above it from current levels.
—– OFFER FROM OUR SISTER COMPANY: Emergency Food NZ —–
If you needed any further evidence of how little most people know or care about silver, and how undervalued it potentially is then check out this video.
But if you want the height of ignorance then check out this other video from Mark Dice. We can only hope he had to interview thousands of young Americans in order to get these responses. Also hopefully a New Zealand city wouldn’t herald similar responses!
A new report out this week from the OMFIF.
We first mentioned these guys back in 2013 where they stated:
Who are they?
The OMFIF “is an independent research and advisory group and a platform for confidential exchanges of views between official institutions and private sector counterparties.”
A.K.A. a governmental and corporate insiders group. So probably worth paying attention to what these corporatists are saying now perhaps?
If you think it makes sense to become your own central bank and have gold as a “central element” in your personal “monetary management”, then now looks like a pretty good time to buy according to the charts earlier.
A change is also certainly coming to the global monetary system, make sure you have stocked up before it happens.
Just reply to this email for a quote or phone David on 0800 888 465 if you have any questions.
** Urgent Message for All Car Owners **A compact, revolutionary tool can save your life.
We believe everyone who drives or rides in a vehicle must carry this tool.
For less than the price of 2 movie tickets you can get 2 of these.
One for each car in your family or give one to someone you care about.
Thu, 22 Sep 2016 11:43 AM NZST
Cycles are an interesting concept. That history repeats to a certain extent and that we can infer possibilities of future movements based upon this. Hubert Moolman writing from the African continent often has some interesting charts and visuals. Today he highlights why he thinks the next leg up in silver may be even more intense […]
Thu, 22 Sep 2016 11:09 AM NZST
GATA’s Bill Murphy is interviewed on Crush the Street. In this short but content crammed interview they cover: *How long term interest rates have risen without the Fed actually raising rates. *How the big banks that control the Fed might actually want a rate hike right now. *How silver is the “achilles heel” of gold […]
Thu, 22 Sep 2016 9:32 AM NZST
Daniela Cambone of Kitco News interviews Doug Casey of Casey Research at the Total Wealth Symposium in Bermuda. Longtime Fed critic Doug Casey (correctly as it now happens) didn’t expect the U.S. central bank to raise interest rates today, and says their efforts are actually hurting the economy. They also discuss Trumps chances in the […]
Wed, 21 Sep 2016 9:08 PM NZST
Here’s Stewart Thomson’s latest thoughts on gold and gold stocks and their potential impact from tomorrow’s announcements from the US Federal Reserve and Bank of Japan. He also ponders how the US stock market might perform in the near term… Rate Hike Implications For Gold Stocks And Dow Graceland Updates By Stewart Thomson The […]
Thu, 15 Sep 2016 5:39 PM NZST
This Week: Negative Interest Rates and Outlawing Cash Low Interest Rates Have Boosted the NZ Sharemarket Has the Bond Bubble Popped? Interest Rates to Rise? Impact on Gold and Silver? Deflation vs Hyperinflation First up a reminder if you have registered or if you are still to… 5 Days to Go Until Free Webinar: How […]
|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.|
|7 Reasons to Buy Gold & Silver via GoldSurvivalGuide
Today’s Prices to Buy
|Can’t Get Enough of Gold Survival Guide?
If once a week isn’t enough sign up to get daily price alerts every weekday around 9amClick here for more info
|We look forward to hearing from you soon.
Have a golden week!
|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.
|Copyright © 2016 Gold Survival Guide.
All Rights Reserved.