Wednesday, July 18, 2012

Gold and Silver Summer Doldrums

If you are 'down under' it's the winter doldrums. Anyway, sounds better than 'summer doldrums' right now. What we wouldn't give for some warm weather in New Zealand!

Here's an article that Anglo Far East have highlighted regarding the cycles involved in precious metal pricing. Excerpt:

"For speculators and investors aware of this tendency, all it takes is a little patience to weather precious-metals summers.  But sadly the majority of traders refuse to study the markets and advance their knowledge, so every summer their depression returns anew and they foolishly sell low.  Thankfully we can take advantage of this mistake, and buy low to load up our books ahead of the big autumn rallies."

More here.
Gold in New Zealand dollars: $1984.71 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $34.25 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001

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