This Week:
- Gold Survival Guide App: Download Our Free Mobile App Today
- Lord, What Fools These Mortals Be…
- Gold And The Big Four: Slam Dunk
- Gold And Silver: Something Different Is Occurring
Prices and Charts
Still Waiting on a Break Out…
Gold has edged a bit higher this week. It is getting quite compressed between the short term overhead resistance line and rising trendline and 50 day moving average line.
Before too long it is going to have to break one way or the other.
NZD gold does look to be building for another attack on the $1900 mark. But a tough call as to whether it will break through that mark, or pull back.
Still the overall trend for 2017 is up. As is the trend since 2014.
NZD silver is getting even more compressed than gold. For the past few weeks it has just been bouncing up and down between the red downtrend line and the 50 and 200 day moving average lines. Silver is also holding above the rising blue trendline.
So this wedge formation is getting narrower and narrower by the day. Silver will have to break higher or lower any day now.
Which way will it go? Check out the article below for a few examples of how gold and silver have been behaving a little differently lately.
NZ Dollar Resumes Its Fall
The New Zealand Dollar has resumed its fall this week. Today it’s not too far from the lows reached after the election. The Kiwi appears to be in a slight downtrend overall for 2017 now. With interest rates likely on hold here for a while yet, there may not be too much news around to push the dollar much higher.
Looking at the Kiwi from a longer term point of view, it certainly looks to have broken lower. If it breaks below 0.68, then there is only a couple of support lines between there and the low from 2015 of 0.62.
You might have noticed the price of petrol heading up noticeably of late. If this fall in the Kiwi Dollar continues we will certainly see prices of imported goods rise.
As the chart below notes, gold and silver offer a good hedge against such a loss of value in the NZ Dollar.
Unsure About Any Terms We Use When Discussing the Charts?
Remember to 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: Something Different Is Occurring
Last weeks article generated plenty of interest: A House Price Crash Caused By the New NZ Government Policies?
It got us thinking about longer term cycles in property and also in gold and silver. So this week’s feature article was born as a result.
It covers:
- Has NZ Property Peaked?
- The 18 Year Real Estate Cycle
- Gold Bull Market 1970’s vs 2000 to Date
- When Will Gold and Silver Reach their Peak Valuations?
- How Property Cycles and Gold Cycles Might Play Out in the Years to Come?
Read on to find out…
Of course there are no guarantees but it is interesting and worthwhile to look to the past to see what we can glean for the future.
Continues below
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Gold Can Rise in Good Times Too
We were reminded this week that gold can actually rise in what is perceived to be “good times”. Gold doesn’t only rise on the back of the “fear trade”.
Download Our New Android App
If you’re on an Android phone then be sure to check out our new Gold Survival Guide App (Apple version coming soon too).
Your Questions Wanted
Finally Remember, if you’ve got specific question, be sure to send it in to be in the running for a 1oz silver coin.
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Dave Kranzler believes there are a number of recent factors that show gold and silver are perhaps starting to behave differently. And that this could indicate the next leg up is soon to begin. These include: How gold recently bounced back so fast after falling sharply on a Friday. What India’s true gold imports are […]
Stewart Thomson explains why it may be good news out of Asia and improving economic growth, that drives gold higher from here. Rather than the western “fear trade” of recent years. This may seem unlikely at first glance. But look back at a chart of gold from 2001 and you’ll see the price rose for […]
Hugo Salinas Price does a good job of explaining the important and little known concept of “declining marginal utility” and how this relates to gold. He goes on to conclude that “humanity is no longer in contact with the realities of the physical world: rational human activity is disconnected from those realities, by the false […]
The Free Smartphone App Built Specifically for New Zealand Gold and Silver Investors We’re always looking at ways we can improve our service. The latest addition is the brand new Gold Survival Guide Mobile App. It’s available for free download now on the Google Play store for Android Devices. It will also be available soon […]
This Week: Bill Bonner: Get Ready for the ‘Crack-Up Boom’ Where To Invest When (Almost) Everything’s in a Bubble Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation? Download Our New Android App Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold […]
