Welcome to illuminati silver, we tell you
the truth about silver. Today is Tuesday 17th January 2017 and we
are briefly commenting on the movement of gold and silver prices this week up to and
including the Donald Trump Inauguration. We have been asked by many subscribers as
to whether we believe gold and silver prices will rise this week and whether it marks a
change in the future direction of its trend. In fairness we do not like to give very short
term estimates as there are so many factors which may affect gold and silver prices, some
which can be identified and quantified and others which erroneously appear and changes
the whole landscape. Our weekly update provides an historical account
of what happened the prior week and gives our best guestimate of what we believe could
happen the following week or two. It was our contention on the weekend that this week would
be turbulent and could be in either an upwards or downwards direction and that until inauguration
day it would be extremely difficult to give an accurate picture of where prices would
end up at the end of the week and could possibly prove little changed at that end.
Well a few things occurred Sunday and yesterday and are being carried forward today which
will give an upward bias on prices. Yesterday Gold prices consolidated and ranged
for a large part of the day as global fears continued to mount and this helped to keep
a bid under the gold prices and helped to keep it close to its range highs and above
$1205. At the time of producing this video gold has in fact risen to $1215.
Well today, we have the speech from the UK Prime Minister Theresa May where she is expected
to spell out more details of the Brexit process and also make it clear that it is likely to
be a hard Brexit where the UK will exit the Eurozone for good and not half here and half
there. It depends on how the markets interpret the speech and if it believes that the process
that is spelt out will increase the risk even more than usual, then we can see the gold
prices shoot up even further and break from the strong resistance around the $1200 region.
But if it is going to be more of a sell the rumour and buy the fact kind of move for the
pound, then we can see the global fears recede and the gold prices could then correct back
below $1200. A hard Brexit though may prove positive for
the UK in the longer term, will be concerning short term, however, more importantly will
be its impact on the rest of Europe. There are a number of Countries which have elections
this year and anti-EU Parties are gaining strength. If the UK basically confirms that
being outside the EU completely is a good thing for Britain, the voters of these countries
will think, well why would it not be good for us too – and then we shall witness the
gradual break up of this Union. The short term financial consequences would be quite
dramatic and currency markets will be in turmoil and the equity markets will follow – all
being positive for gold and silver. In addition we have Inauguration day on Friday,
with anything from 800,000 – 1,000,000 people expected to turn up with a serious number
of ant-Trump protestors attending in the hope of disrupting proceedings. If any form of
major civil disobedience occurs, then this too will play out across the world and affect
markets. Alternatively, if Prime Minister May is more
conciliatory, and the Inauguration goes well, then this fear factor abates somewhat and
we shall see gold prices fall back below $1200. This is where we are at the moment; if we
were paper traders we would have bought gold last week with the intention of selling it
close to the end of this week. For physical buyers we have to be more circumspect and
take the longer term view. Silver at the moment will follow in gold’s footsteps. There is
nothing from the Industrial point of view that will impact silver prices more significantly
this week outside the normal gold and silver price relationship.
Our contention is that gold and silver prices will fall back in the coming weeks, however
we have to fully accept that this week will be impactful at times and that as we have
said in other videos until we see the teeth of Trump’s policies it is difficult to gauge
accurately what is likely to happen to the dollar, the equity markets and gold and silver.
We wanted you to have this added viewpoint because if this week goes badly for any reason
then the green light appears for gold to take a hike and we would not want you to miss out
completely. Equally if they go well, then we believe the opposite will occur.
Much now depends on the British Prime Minister, US President Trump, and the American people.
We hope you have found this video interesting and informative and if so, please give it
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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 its owners.