When Will US$1400 Be Broken?

 

This Week:

  • When Will US $1400 Be Broken?
  • How Does War Affect the Gold Price?
  • What Are JP Morgan and a Number of Billionaires Hedging Against?

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 $1766
Buying Back 1kg NZ Silver 999 Purity $698

When Will US $1400 Be Broken?

For the umpteenth time this year (well maybe about the 5th time at least!), NZD gold bounced up off the 200 day moving average (MA) line. Getting back above the 50 day MA, gold in NZ dollars is up almost 1% this week aided by the NZ dollar turning lower once again.

This sideways pattern in NZD gold is likely to continue until the USD gold price breaks out above the $1375 and $1400 levels (see the bottom half of the chart below for the USD price).

Who knows when this USD gold breakout will occur, but the rising pennant formation that USD gold has formed is generally a positive one. This simply means USD gold is making a series of higher lows and then bumping off overhead resistance.

More often than not this results in an upside breakout. We think that will happen this time too.

NZ Dollar Gold Chart

Silver: Needs Gold to Breakout First

NZD silver edged higher this week, continuing the theme since February of a quiet gentle rise.

When measured in NZ or US Dollars, silver is trading in a wedge formation from which it will have to break out of before too long.

The odds are this won’t happen until gold breaks out above that key US$1400 level. So hence why we are watching that level so closely. But looking at the USD silver chart in particular the wedge is getting very narrow. So a breakout may not be too many months away now.

NZ Dollar Silver Chart

NZ Dollar Dips

As noted already, the Kiwi dollar edged lower from last week after touching on the 0.74 mark again. But failed to get above that mark. Even though the NZ dollar is up for the year to date, it remains in a slight downtrend currently. This suggests it won’t be having a dramatic impact on gold and silver prices here for the next little while.

NZ Dollar Chart

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:

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Continues below

 

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How Does War Affect the Gold Price?

With trouble brewing further in Syria, the war drums are starting to beat louder once again.
Martin Armstrong outlined this week why he believes we are headed for a war before too long here: War is Coming Because We need it?

So it’s worth considering how does war affect the gold and silver price?

Check out this previous article of ours for a run down on how a war with Syria, North Korea or maybe even Russia may impact gold:

How Might War With North Korea Affect the Gold and Silver Price?

New Website Improvement: Find Articles by Category

Speaking of older articles, in case you hadn’t noticed we’ve had an update to the website. One of the improvements should make it much easier for you to find information and research on gold and silver that we’ve published previously.

Just head to our new Gold & Silver Blog page. (Under “Education” in the main menu).

New Gold & Silver Blog

All our previous posts have been categorised according to one of 12 topics.

Whether you’re considering: Why to buy gold or silver,  what type of gold or silver to buy  or how to store them,  you’ll find it there. When you click through to each category, we also have a few must read articles at the top.

So check out the blog today.

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Is Gold’s Out-Performance of the Other Metals Due to Growing Fears About the Economic Outlook?

Adrian Ash reports:

“…the way that the “hot money” is betting is split like never before over the 4 precious metals.

Gold they expect to go higher. Bullish bets on Comex gold futures and options contracts among hedge funds and other speculators are currently 10% greater…net of their bearish bets…than the 10-year average.

But as a group, that ‘Managed Money’ category has now been more bearish than bullish on silver for 9 weeks running.

That’s the longest stretch of net bearish betting on record according to data running back to 2006 from US regulator the CFTC.

On platinum the ‘Managed Money’ category also turned bearish again last week.

Even on palladium…the runaway precious metal superstar of 2017…hedge funds are barely half as bullish overall as they have been on average over the last 10 years.

Fourth, and looking just at the gold market, there’s a big split between professional wealth managers and private investors like you and me.

Most notably, sales of gold coins and small bars have sunk.

ETF trust fund products in contrast have grown to their largest in 5 years.

Allocated gold bullion holdings in London and Zurich vaults are also booming according to the latest UK and Swiss trade data.

But the wider public just aren’t interested.

The number of Google searches to ‘buy gold’ has sunk to levels not seen since before the financial crisis of 10 years ago.

What to make of it all?

The split between gold and the other precious metals could signal big trouble ahead for other investments like property or shares or corporate bonds.

That’s because gold finds just 10% of its annual demand from industrial uses. The vast bulk is used to store value, whether as necklaces, bracelets, bars or coin.

But for silver the level of industrial demand is 60%…for platinum 65%…and for palladium 97%.

So the fact that gold is out-performing the other metals suggests growing fears about the economic outlook. Because it suggests that storing wealth is becoming more important than trying to grow it.

The other key fact…that professional wealth managers are moving into gold as ‘retail’ investors stay away…also looks important.

Such ‘experts’ aren’t always right of course. Far from it!

But after the second-longest ever bull market in world stock markets, a turn towards caution may finally be here.

The political noise only adds to the case for getting a little investment insurance now, before it matters.

Especially for UK, Euro and Japanese investors still offered gold at late-2017 prices.

Adrian Ash
Head of Research, BullionVault”

We have written before that gold prices seem to be more driven by professional wealth management money flows than by retail buyers of gold in the east or the west.

So the fact that there is more money moving into gold from this sector could well be bullish for the price.

What Are JP Morgan and a Number of Billionaires Hedging Against?

We’re continuing the theme from the earlier Adrian Ash report and asking the question: “What is the big money doing?”

First an excellent infographic showing 5 of the biggest market risks that the world’s billionaires are preparing for:

The 5 Biggest Market Risks That Billionaires are Hedging Against

What Are JP Morgan and a Number of Billionaires Hedging Against?

Then a post and video that asks the question “What Does JP Morgan Know About Silver That YOU Don’t?”

Why This “Too Big to Fail” Bank Is Stockpiling Silver

Stockpiling silver

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.

Win a silver coin

So today could be a good time to follow the big money into gold and silver. Whether that’s a too big to fail bank, institutional investors or billionaires. Gold and silver are a great hedge against potential trouble and strife.

Get in touch to discuss your options:

  1. Email: orders@goldsurvivalguide.co.nz
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Online order form with indicative pricing

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This Weeks Articles:

Why This “Too Big to Fail” Bank Is Stockpiling Silver

Wed, 18 Apr 2018 11:57 AM NZST

Why This “Too Big to Fail” Bank Is Stockpiling Silver (1)We’ve featured many articles recently on why silver looks nicely set up for a decent move higher in the future. The fact that a certain bank has been steadily adding to the hoard of silver it controls is yet another reason that bodes well for silver in the future. Here are the details. There’s also […]

The post Why This “Too Big to Fail” Bank Is Stockpiling Silver appeared first on Gold Survival Guide.

Read More…

The 5 Biggest Market Risks That Billionaires are Hedging Against

Tue, 17 Apr 2018 12:25 PM NZST

The 5 Biggest Market Risks That Billionaires are Hedging AgainstIf you’ve studied the history of markets, you know that sentiment can turn on a dime. Whether it is an unexpected wake-up call like the collapse of Lehman Brothers, or simply the popping of a bubble that’s blown too big, the tides can shift in a matter of hours or days. No one knows this […]

The post The 5 Biggest Market Risks That Billionaires are Hedging Against appeared first on Gold Survival Guide.

Read More…

NZ Dollar Due a Pull Back

Thu, 12 Apr 2018 11:47 AM NZST

  This Week: Why A Dollar Collapse Is Inevitable In a US Dollar Collapse Won’t the Rising NZ Dollar Cancel Out Any Gold or Silver Gains? New Silver Bull Coming Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1751 Buying Back […]

The post NZ Dollar Due a Pull Back 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: orders@goldsurvivalguide.co.nz
  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
$1903
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$801 (price is per kilo for orders of 1-9 kgs)
$793 (price is per kilo only for orders of 10 kgs or more)
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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$1933
1kg PAMP 99.9% pure silver bar
PAMP Silver
$861
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1969 (or $1949 for 5 or more Backdated Year Coins)
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $715
Box of 500 $13,870 (2018’s) or $13,670 (backdated years)
(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 Bitcoin, Bitcoin Cash, 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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Our Mission

  1. To demystify the concept of protecting and increasing ones wealth through owning gold and silver in the current turbulent economic environment.
  2. To simplify the process of purchasing physical gold and silver bullion in NZ – particularly for first time buyers.

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: orders@goldsurvivalguide.co.nz

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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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