Welcome to illuminati silver, we tell you
the truth about silver. Today is Wednesday 14th December 2016 and
we are briefly commenting upon The FED ‘s decision to raise interest rates today and
the market’s reaction to it. We have been saying since March of this year that the FED
will raise rates in December by 0.25% and that is exactly what has happened.
Janet Yellen, the FED Chair stated: “Our decision to raise rates should certainly
be understood as a reflection of the confidence we have in the progress the economy has made
and our judgment that that progress will continue. It is a vote of confidence in the economy.”
She also went on to comment a little about the future Trump Presidency with the words:
“We are operating under a cloud of uncertainty at the moment.”
She pointed out that fiscal stimulus wasn’t required to improve the employment situation
as it was already on track, and suggested that no amendments to the FED’s policies
were particularly necessary – but all of us of course expected her to say that.
Janet Yellen also made it clear that she intends to remain FED Chair for at least another year
she added: “I do intend to serve out my four-year term.
I haven’t made any decision about the future. I recognize I might or might not be reappointed.
It’s a decision I don’t have to make and don’t have thoughts on at this time. As
you said I recognize too that I could stay on as a board member, and that’s a decision
for another day.” The FED now expects 3 interest rate rises
next year, thereby providing a more hawkish stance but admitted they were likely to be
modest rises. Well at the time of producing this video,
some 6 hours after the original decision, we can see that The Dow Jones is down 118
points at 19792, the S&P 500 down 18 points at 2253 and the Nasdaq down 27 points at 5436.
The dollar index is up 0.69 at 101.76 and gold fell $17 to $1140 and silver has fallen
12 cents to $16.80. We envisage the dollar strengthening even
further putting pressure on gold and silver prices, however it may take a few days for
the markets to adjust accordingly. We shall be commenting more fully on our weekly
update on Saturday and next week will provide our forecast for gold and silver prices for
2017. We hope you have found this video interesting
and informative and if so, please give it a thumb up and share it on twitter. Also kindly
visit our website at illuminatisilver.com and if you haven’t already done so please
subscribe as a free member for regular email updates and offers. Our Facebook page which
is updated daily can be found at facebook.com/illuminatisilver Disclaimer: Illuminati Silver owners come from a background
of Banking, International Wealth Management and Economics. Having now retired from these
worlds we are not qualified to give investment advice. Therefore, this and other productions
must not be deemed to be giving such advice and merely represent the personal views of