Website Visitors: Another Contrarian Buying Indicator

This Weeks Articles:

Prices and Charts

Change from last weeks gold and silver prices

Looking to sell your gold and silver?

Visit this page for more information

Buying Back 1oz NZ Gold 9999 Purity $2319
Buying Back 1kg NZ Silver 999 Purity $1120

Gold Up Just Under 1% From a Week Ago

Gold in New Zealand dollars is up 0.74% from 7 days ago. The bottom that was set last week, so far at least anyway, looks to be holding well. Same with the USD gold price.

Odds are favouring the bottom being in and this being the start of the 3 wave (C) up for gold in NZ dollars.

NZ Dollar Gold Chart

Silver Unchanged

Silver is pretty much at exactly the same price as it was last week. Both in NZ and US dollars. The uptrend from November continues. Silver looks like it made a higher low when gold bottomed out last week.

NZ Dollar Silver Chart

Kiwi Dollar Also Unchanged

The New Zealand dollar is also pretty close to unchanged from 7 days ago. Down just 8 basis points from then. The Kiwi continues its sideways trading range from recent days.

NZ Dollar Chart

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


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Contrarian Indicator Even Stronger This Week

In last week’s feature article we mentioned how there had been a noticeable drop in buying of gold and silver with the recent further dip in prices.

“After the large surge in February, we have seen a much reduced interest in buying gold and silver over the last week or so. We have noticed this often happens around important bottoms. Unfortunately many people get their timing wrong and don’t buy when prices have been falling.”

See: Have Silver and Gold Bottomed? What’s Next for Gold and Silver in NZ Dollars?

This contrarian indicator is even stronger this week. With the least amount of buying that we have seen for some time. This makes us even more confident that yes, the bottom is in.

 

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Website Visitors Down: Another Contrarian Buying Indicator

Here’s another possible contrarian buying indicator we spotted this week.

We track the monthly active users of our website. Looking back, the current rolling average is back down to similar levels as it was in December 2019.

Website visitors

Perhaps not too coincidentally, December was also the month when gold bottomed in 2019, after correcting since August.

This is not a big surprise. People lose interest as the price falls. So there are less people researching and reading about gold and silver. Maximum pessimism generally coincides with the price bottoming. As when most people are negative on gold and silver, this means there are no more sellers. So the price begins to head up.

 

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.

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Is Now a Good Time to Buy Gold in New Zealand?

As mentioned already, we are seeing a lack of buying interest currently in gold and silver. And this is likely indicating now is a good time to buy.

But there are a few other indicators and reasons to also back this up. We run through them in this week’s feature article:

  • NZ Dollar Gold Price Has Corrected – Good Time to Buy?
  • Longer Term – The Trend is Also Up
  • Other Indicators Showing Now is a Good Time to Buy Gold
  • New Zealand Dollar is Close to Major Overhead Resistance
  • Property and Stock Markets Have Recently Made All Time Highs
  • Seasonality: Closing in on the Time of Year When Gold Often Rises
  • Futures Market Commitment of Traders Positions Indicate a Gold Bottom is Likely Close

Is Now a Good Time to Buy Gold in New Zealand?

Reader Question: If Physical Supply of Gold and Silver Runs out, Could The Price of Physical Increase More Than Gold and Silver Miners?

Here’s a question from a reader received earlier this month:

“I am keen to purchase some gold but I have a question I have been thinking about. I know that gold mining stocks offer more leverage on your investment than what owning bullion does, but what would happen in a scenario where the available physical supply of gold and silver runs out, could this mean that physical bullion will actually increase more? Wait times on physical are already very long and I’m sure they will run out when the time comes that Gold and Silver starts rising rapidly.”

Here’s our reply:

Physical gold and silver may not “run out” as you put it, but rather at a given price there may be no one prepared to sell. So in this situation it would be likely that the price would have to rise much higher in order to encourage holders to part with their metal.

As for whether physical would increase more than shares in this scenario that is hard to predict. It would likely depend upon the situation that has occurred by which the demand for metal has increased. If it was some sort of crisis then yes perhaps the metal could increase more in price than shares.

You’ll see in the article below since the current bull market in metals began in 2000 both asset classes have risen a fairly similar amount. There might also be some information in there to assist you in making a decision…

Gold Mining Shares vs Physical Gold Bullion – Which to Buy?

As the article says you could always get a bit of both too.

Also note that currently it is mostly just silver where there are delays in delivery. Gold is still readily available.

Get in touch if you have any questions about buying…

 
  1. Email: [email protected]
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Shop Online with indicative pricing

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Is Now a Good Time to Buy Gold in New Zealand?

Fri, 12 Mar 2021 5:20 AM NZST

Is Now a Good Time to Buy Gold in New Zealand

One of the most common questions people ask is: “Is now a good time to buy gold in New Zealand?” We have written in our FREE eCourse (which you can access here) how the time to buy is on dips ‎not when the gold price is reaching or close to reaching new highs. So what is the gold price […]

The post Is Now a Good Time to Buy Gold in New Zealand? appeared first on Gold Survival Guide.

  Read More…

Have Silver and Gold Bottomed? What’s Next for Gold and Silver in NZ Dollars?

Wed, 10 Mar 2021 2:06 PM NZST

Gold and silver have been falling recently. And gold has been falling for longer than silver. So today we look at whether gold and silver in New Zealand dollars may be about to bottom. Then we look at what’s next for gold and silver in NZD… Why Have Gold and Silver Been Falling? Long term […]

The post Have Silver and Gold Bottomed? What’s Next for Gold and Silver in NZ Dollars? appeared first on Gold Survival Guide.

  Read More…

Gold – a Leading Indicator for Bond Yields Topping Out?

Wed, 10 Mar 2021 8:29 AM NZST

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2307 Buying Back 1kg NZ Silver 999 Purity $1128 Is Gold Bottoming? During the past 7 days, gold in New Zealand dollars dropped down to touch the support line dating right back […]

The post Gold – a Leading Indicator for Bond Yields Topping Out? appeared first on Gold Survival Guide.

  Read More…

Rising Long Term Interest Rates Give Markets a Scare

Wed, 3 Mar 2021 6:50 AM NZST

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2320 Buying Back 1kg NZ Silver 999 Purity $1138 Gold Down Sharply For the Week – Close to Bottoming? Gold in New Zealand dollars took a dive even lower this week. It’s […]

The post Rising Long Term Interest Rates Give Markets a Scare appeared first on Gold Survival Guide.

  Read More…

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.

  1. Email: [email protected]
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Online order form with indicative pricing


7 Reasons to Buy Gold & Silver via GoldSurvivalGuide

Today’s Prices to Buy
1oz NZ 99.99% pure gold bar
1oz NZ Gold Ingot
$2503
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$81,349
1oz 2020 Royal Australian Mint 99.99% Gold Coin

$2600 – Phone or email to pre-order
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2585
1 oz South African Krugerrand Silver Coin
(Minimum order size tube of 25 coins)

  Silver Monster Box
Tube of 25 $1132 (pick up) (pre-order)
Box of 500

$22,437 (Pre-order)

(Fully insured and delivered)

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Note:

  • 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.

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We look forward to hearing from you soon.

Have a golden week!

David (and Glenn)
GoldSurvivalGuide.co.nz
Ph: 0800 888 465
From outside NZ: +64 9 281 3898
email: [email protected]

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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.

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All Rights Reserved.

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3 thoughts on “Website Visitors: Another Contrarian Buying Indicator

  1. Pingback: Better to Buy Gold by the Ounce or the Gram? - Gold Survival Guide

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  3. Pingback: An Excellent N.Z. Silver Buy Zone is Here - Charts Update Apr 2021 - Gold Survival Guide

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