Why NZ Could be at Forefront of Next Crisis

This Week:

  • Does Gold Seasonality Affect the NZ Dollar Gold Price?
  • NZX50 Near Highs But This Indicator Says the NZ Economy is Slowing Sharply
  • New Zealand in the News Around the World – For All the Wrong Reasons

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 $1740
Buying Back 1kg NZ Silver 999 Purity $700

 


Sharp Drop Today. Time to Buy the Dip

Gold priced in NZ dollars took a sharp fall today. Now down 1.5% on last week and well below the 200 day moving average. The price is now not too far above the $1800 mark, which has been the lower limit for all of 2018.

With the RSI now almost in overbought territory, it would not surprise us for this to be quite a short sharp fall. We could see the price bounce back quite quickly.

So this fall could be a great chance to buy the dip. You’ll be buying close to the lows we’ve seen so far in 2018.

NZ Dollar Gold Chart

NZD silver by contrast is still a way above the 2018 lows around $22.25 – despite falling 2.5% this week. There is of course a chance we could still see those low $22 levels reached. That would put the price near the uptrend line of the wedge formation. But we wouldn’t bet too heavily on it.

If you are yet to own any silver then right here would be a great place to start!

NZ Dollar Silver Chart

Kiwi Dollar Locked in Downtrend

The Kiwi dollar remains locked in a clear downtrend. However right now it is still below the 50 day MA and so could bounce a bit higher yet.

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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Does Gold Seasonality Affect the NZ Dollar Gold Price?

With prices falling today, it is timely that we have updated an old article. As the July/August period is often when the lows for the year for gold and silver are recorded.

See whether this seasonality holds true for gold when priced in NZ dollars. We also look at silver where the trend is not so strong in recent years.

Does Gold Seasonality Affect the NZ Dollar Gold Price?

Does Gold Seasonality Affect the NZ Dollar Gold Price?

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NZX50 Near Highs But This Indicator Says the NZ Economy is Slowing Sharply

The NZ sharemarket has continued powering higher this year. This is despite various very negative business confidence surveys since we had the change in government. Given the sharemarket is meant to be forward looking, why is this?

Mark Lister, head of private wealth research at Craigs Investment Partners reckons:

“Prospects for exporters have improved further in recent months, with the currency falling sharply against all major trading partners.

That’s a big positive for listed companies, many of which have substantial international operations. Unlike years gone by, it’s easy to find quality businesses on our sharemarket where more than half of revenues come from outside New Zealand.

These companies will be less concerned about slowing domestic growth. In fact, if it leads to a lower NZ dollar some will welcome it.

Another reason for the strength of our market is the ongoing attraction of high dividend paying shares. The higher proportion of utilities, infrastructure and property companies means the average dividend yield is about five percent per annum, higher in many cases.”

However he finishes up by saying:

“While things are buoyant for now, the true test will come during the corporate reporting season in August. That’s when we’ll find out if lower business confidence is a reflection of the real risk to share prices – falling profits.”

Source.

Well, just out this week was an indicator that isn’t based upon confidence surveys but actual numbers and it is showing a marked slow down.

NZX50 Near Highs But This Indicator Says the NZ Economy is Slowing Sharply

NZX50 Near Highs But This Indicator Says the NZ Economy is Slowing Sharply

Your Questions Wanted

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New Zealand in the News Around the World – For All the Wrong Reasons

Finally we have a summary of various bits of news we’ve collected from around the world in recent weeks. News that isn’t really so positive for New Zealand.

You’ll see:

  • A foreign perspective on our government’s attempt to stem the tide on housing inflation
  • Doug Casey on why Kiwi voters are “stupid”
  • A Wall Street Journal article on why New Zealand could be at the forefront of the next crisis

New Zealand in the News Around the World – For All the Wrong Reasons

New Zealand in the News Around the World - For All the Wrong Reasons

Have you got your financial insurance yet? Remember it’s too late to buy insurance once the “house is on fire”.

With the prices of gold and silver dipping sharply today, now is a great time to take a position if you’ve been sitting on the fence.

Check out the deals going currently.

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

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This Weeks Articles:

New Zealand in the News Around the World – For All the Wrong Reasons

Wed, 18 Jul 2018 12:50 PM NZST

N.Z. IN THE NEWS AROUND THE WORLD - FOR ALL THE WRONG REASONS_It’s interesting to read outsiders perspectives of what’s happening in New Zealand. The land of the long white cloud got a mention over recent months on various websites. The comments didn’t really fit under a particular heading. So we’ve just lumped them together here under the title “New Zealand in the News Around the World”. […]

The post New Zealand in the News Around the World – For All the Wrong Reasonsappeared first on Gold Survival Guide.

Read More…

NZX50 Near Highs But This Indicator Says the NZ Economy is Slowing Sharply

Tue, 17 Jul 2018 9:20 PM NZST

NZX50 Near Highs But This Indicator Says the NZ Economy is Slowing SharplyThe New Zealand share market index, the NZX50 reached a new all time high earlier this month of 9084.04. Today the index is only just down from all time highs at 8953. So surely this is an indicator of a robust economy? And given share markets are meant to be forward thinking, a sign that […]

The post NZX50 Near Highs But This Indicator Says the NZ Economy is Slowing Sharplyappeared first on Gold Survival Guide.

Read More…

Does Gold Seasonality Affect the NZ Dollar Gold Price?

Tue, 17 Jul 2018 1:35 PM NZST

Does Gold Seasonality Affect the NZ Dollar Gold Price_ (1)If you’ve been around the gold sector for a little while you’ve no doubt come across talk of “gold seasonality”. (This article was first written in August 2014. Latest update July 2018).   What is Gold Seasonality? Gold seasonality generally refers to the northern hemisphere mid summer lull in precious metals markets – which often […]

The post Does Gold Seasonality Affect the NZ Dollar Gold Price? appeared first on Gold Survival Guide.

Read More…

Why More Cash is Being Hoarded NOT Circulated

Fri, 13 Jul 2018 6:16 AM NZST

More-Cash-is-Being-Hoarded-NOT-CirculatedThis Week: Problems with the RBNZ Bank Stress Tests The Problem with a Central Bank as Sole Issuer of Currency Maybe A Cashless Society is Still a Way Off Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1764 Buying Back 1kg NZ Silver 999 Purity $715 NZD Gold Down Due […]

The post Why More Cash is Being Hoarded NOT Circulated 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
$1878
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$805 (price is per kilo for orders of 1-24 kgs)
$797 (price is per kilo only for orders of 25 kgs or more)
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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$1911
1kg PAMP 99.9% pure silver bar
PAMP Silver
$864
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1947    (or $1927 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 $13,970 (2018’s)
$13,670 (backdated other 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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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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