Welcome to illuminati silver, we tell you
the truth about silver. Today is Wednesday 9th March 2016 and we are
urging our subscribers to be a little cautious about the price of gold and silver for the
rest of this month. As we said in December we thought gold and
silver prices would rise a little into the New Year and then would tail off after the
Chinese New year and when the early Indian Wedding season was out of the way. However
prices still continued to rise in early March in view of the rapid movement into negative
interest rate territory by a number of Central Banks.
Well today we saw that April Gold futures sold off sharply during the Asian session,
recovering slightly during the European session before sellers hit it again shortly before
the U.S. opening. The market is currently trading at $1252, down $10.
Worries about the expected monetary policy easing from the European Central Bank and
the possibility that the Fed may raise interest rates perhaps as early as June are encouraging
investors to take profits. The SPDR Gold Shares ETF, said its holdings
fell 2.4 tonnes on Tuesday, their largest outflow in nearly four weeks thereby pressuring
prices. Tomorrow, Thursday, the ECB is expected to
cut its deposit rate by at least 10 basis points and expand its asset buying program.
If this occurs and the ECB exceeds this figure then the U.S. Dollar is expected to rise against
the Euro. This should pressure the dollar-denominated gold market.
With the FOMC meeting planned for 15th – 16th March any comments relating to interest rate
rises perhaps relating to June will again prove bearish on Gold in US Dollar terms.
In addition, further recent rises in both the Stock market and in the prices of crude
oil may continue to add selling pressure of gold and silver.
For those who are awaiting dips in both gold and silver prices before acquiring more, may
indeed witness these over the next 10 days, so we urge you to watch the markets carefully.
We have to add, the market can go either way and a number of technical analysts are still
predicting $1300 gold and $16 silver. So we do not believe the peaks have been reached
for this year but a temporary reprieve may be on the cards.
We hope you have found this video interesting and informative and if so, please give it
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and look at our Facebook page which is updated daily at www.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