|Spot Price Today / oz||Weekly Change ($)||Weekly Change (%)|
|NZD Gold||$1736.93||– $14.17||– 0.81%|
|USD Gold||$1225.75||– $51.85||– 4.05%|
|NZD Silver||$24.08||– $1.23||– 4.85%|
|USD Silver||$16.99||– $1.48||– 8.01%|
|NZD/USD||0.7057||– 0.0239||– 3.27%|
|Looking to sell your gold and silver?Visit this page for more information|
|Buying Back 1oz NZ Gold 9999 Purity||$1666|
|Buying Back 1kg NZ Silver 999 Purity||$732|
The New Zealand dollar tumbled this week. Down sharply from a week ago.
This in turn took the edge off the fall in the NZD gold price. It was down only 0.81% versus the US price falling over 4%. Now the question is will it go any lower? As we said last week, NZD gold could fall right back to $1650 and still be in an uptrend. But we’re wondering if maybe this latest fall might be enough to have shaken out the weaker hands that bought later into this year’s rally?
Even the weaker Kiwi dollar couldn’t make up for the massive plunge in silver. But it might now be trying to form a triple bottom around the $24 level.
The NZ Dollar has held up fairly well. Despite all the predictions of how Trump presidency would be so bad for us down here, the Kiwi is not far off its September highs today.
You have likely heard or read a fair bit about what Trump will or won’t do this past week. We’ve read plenty on the topic too.
Yesterday we posted a good interview with Darryl Schoon, whose articles we regularly share on the website. Darryl was asked the question, will Trump do what he said he was going to or is he a trojan horse, a plant for the elite just like most other politicians? His answer was sort of neither…
Today Darryl just released his latest article on this same topic so that is also on the website too. His view is don’t expect Trump to solve everything.
Since Trump’s election we’ve now read an awful lot about how his policies will be inflationary. But will he make any real difference to the US? Is he really going to “drain the swamp”?
When you look at who some of his policy advisors are it’s difficult to believe he will make the sweeping changes necessary. It’s also difficult to believe he will be “allowed” to make significant changes.
Below Bill Bonner makes a good case for why it might just end up being business as usual in Washington and Wall Street. He also looks at the inflation argument and why he thinks the Bond Bull Market is over. i.e. interest rates have stopped falling…
Bill also made the point in a separate article that:
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Back here others are catching on to the rising yields in global bond markets too:
Hopefully but we doubt it.
Mish Shedlock this week brought up a point that has had us a bit worried too.
We have to admit to getting concerned when the mainstream consensus comes to our way of thinking too.
However what we’ve read in the mainstream about inflation has also said this will be positive for sharemarkets. Government spending will give everything a boost and so sharemarkets will continue to rise.
However recent studies have shown the government spending “multiplier” is actually negative. That is even while they pile on more debt this actually doesn’t boost the overall economy. But these studies show that worse than that government spending actually has a negative effect in the end. So this is where we end up with stagflation. Low growth in the economy but rising prices. Not a good mix.
So if markets are adjusting to the idea of higher inflation ahead (and rising bond yields certainly say they are), then before long gold and silver and their respective mining shares will also join in and begin rising again.
(If you’re unsure how gold can rise while interest rates rise then check out this other article on the website this week. It shows how gold has in the past actually risen in tandem with interest rates.
But perhaps where the mainstream argument falls down is that sharemarkets can continue to boom? Rapidly rising bond yields do not mesh with stock markets at record highs.
These few paragraphs from Hebba Investments sum this idea up well.
If you agree that a Trump presidency doesn’t mean everything will be all wishes and rainbows, then you might want some financial insurance.
Get in touch if you have any questions about the buying process. David is only too happy to answer them.
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Thu, 17 Nov 2016 10:28 AM NZST
Yesterday we posted an interview with Darryl Schoon where he gave his thoughts on what a Trump presidency may mean. He’s just released an article on the same topic where he has some warnings for anyone expecting Trump to “Make America Great Again”. Darryl delves into who is likely to be on Trump’s staff and […]
Wed, 16 Nov 2016 4:48 PM NZST
Now that Donald Trump is the President-Elect of the United States, the world wonders: Will he actually do the things he said he will do? Darryl Robert Schoon returns to SGT report to examine the Trump presidency and answer the question; Is Trump for real – or is he merely a Trojan Horse for some […]
Wed, 16 Nov 2016 1:26 PM NZST
It seems that gold and silver have been falling lately on the expectation that interest rates are now going to rise much faster than most people had previously thought they would. However the idea that rising interest rates are a negative to gold in the long run is not backed up by what has happened previosuly. […]
Mon, 14 Nov 2016 1:17 PM NZST
Last week before the US election we wrote the following article. This was before Trump was elected but in it we outlined how regardless of who won it seemed there was evidence pointing to inflation starting to appear: Is Inflation Going to Surprise Us? Since Trump’s election we’ve now read an awful lot about how […]
Thu, 10 Nov 2016 5:55 PM NZST
This Week: What Does a Trump Win Mean? Is Inflation Going to Surprise Us? RBNZ Cuts Interest Rates – NZ Government Bond Rates Rise. Huh? Prices and Charts Spot Price Today / oz Weekly Change ($) Weekly Change (%) NZD Gold $1751.10 – $32.72 – 1.83% USD Gold $1277.60 – $20.49 – 1.57% NZD Silver […]
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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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