Gold and Silver Update w/e 11th March 2016 – by illuminatisilver

Gold and Silver Update w/e 11th March 2016 –  by illuminatisilver

Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 12th March 2016 and we are
providing our gold and silver update for week ending 11th March.
Gold fell in US dollar terms last week by $13 from $1258 to $1245 having been as high
as $1279 and as low as $1243. In sterling terms gold fell by £18 and in Euro terms
it relinquished last week’s gains and fell by 26 Euros.
Silver fell just 2 cents from $15.51 – $15.49 having reached a high of $15.72 and a low
of $15.22. In sterling terms it fell 13 pence, and in Euros it fell by 0.20 Euros. The Gold
to Silver Ratio fell from 81.1:1 to 80.3:1. The Dow Jones closed on Friday at 17,213 up
218 points on the day and up some 211 points on the week, and the Nasdaq closed at 4,748
up 86 for the day and up some 31 points on the week. Brent Crude was $1.70 up on the
week at $40.39 and US Light Crude was up $2.58 at $38.50. The dollar index stands at 96.17
down 1.17 on the week. On Wednesday we produced a video stating that
the Eurozone were going to cut rates on Thursday and this could have a downward impact on gold
and possibly silver. Well on Thursday The European Central Bank
had cut interest rates across the Eurozone to an all-time low of zero as it unveiled
an unprecedented package of growth-boosting measures against the backdrop of a fragile
global economy. It announced that it was expanding its money printing programme and reduced a
key bank deposit rate further into negative territory.
The ECB chief, Mario Draghi, implied interest rates would stay “very low” for at least
another year and predicted the region would remain mired in negative inflation for months
to come. But he played down speculation that interest rates could be cut even further.
Well as predicted we actually saw gold prices fall from the $1252 level to as low as $1243
closing the week at $1245. Silver also dipped from $15.40 to $15.22 but recovered strongly
to $15.49. In sterling terms both gold and silver fell. In fairness to silver it held
up well and strengthened slightly in relation to gold.
Technical Analysts are stating that should gold close above $1300 it could rise to its
next major resistance level at $1330 and if this is broken the $1375 level is on the cards.
Silver they state could also see the $16 level but it needs to break and hold above $15.80
first. We are mindful that open interest in gold
surged to some 499,000 contracts the strongest open interest rise in more than 4 years. Rising
open interest usually confirms an uptrend. However COT data in gold, silver, copper and
crude are moving together and speculation has reached levels of previous tops. Gold
is on a new buy signal and although the cycle is up its rapidly reaching those levels whereby
a correction becomes overdue and we see this happening over the coming weeks.
Silver however, despite its recent strength remains on a long term sell signal and investors
should really be in cash. The COT data suggests again falling prices in the coming weeks.
This does not detract however from our comments last week, that should you be underweight
in metals in your portfolio, then you should at least consider purchasing on dips, but
we feel that the next couple of months should provide you with a good opportunity to do
just that. 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 and look at our Facebook page which is updated
daily at 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.


  1. Thanks for the update, Illuminati. I know a lot of people who bought when silver was high, and they want the price to go up. I just started stacking silver last April, when it was around $17.50. All of my silver has been purchased at a good price, and I hope it stays low for at least a while longer. I don't know how much longer the fraudulent financial system can hold up, but as long as it is running, I will use it to convert my labor into silver. I'm buying a lot of shot which I am pouring into bars which will someday be stamped as "SilverCat" bars and offered for sale, but I plan to wait until the price goes up before I make them available. This is a time for stacking. It's good to have people like you in on the fun. We are certainly living in interesting times.

  2. IL, not being able to read open interest properly myself, I will ask a questions:- how can you tell if the open interest is from banks covering a short move next week? could the open interest be closed, in reality was just used as insurance over the weekend?

  3. They're only going to be able to hold it down a little longer. You can see the cracks in their methods as is.
    All I can say is it's better to be a little early than a minute too late. Dollar cost. Anyone who thinks they can time the maket is mentaly unstable. Educate yourself and fallow your heart…

  4. This was a very upbeat video for yourselves i must say. i feel gutted not to have seen the "1000 dam buster moment in gold (wanted to video that one)" the strength only shows sideways movement at the moment and there has to be a event for it to reach the 1500 dollar mark. but we will see the 1200 support and resistance at 1300-1400 etc. i think we have a good trading range for the next 6 months.

    my concern is that if the stock market continues to rise as well as gold then we are in for some serious problems for the so called manipulation that is at hand.

    silver in my view is about to do a sling shot upwards next week i may be wrong. i shall sit back and watch out for movements of significance.

    good video.


  5. Yes! I'm under weight in gold and silver! Still have more than I had last summer though which was ZERO. Thanks for the update. I'll try to have willpower waiting for those dips.

  6. good job I.S. thanks all the questions I've had for the last two days have been answered. as usual……high quality info as we have become used to being told the truth ! at least by you and your posse……..much appreciated !

  7. Thanks for the update and the great news, can't wait to be buying again, I am suffering gold market withdrawal symptoms.

    In the event that gold continues its ridiculously overbought movement upwards as it can do in the beginning of a strong bull market, I am content with the pile of shiny metal I already own. Its the miners I wish to take a position in before the next leg up.

  8. But lower interest rate = weaker currency .. This should coz commodities and PM prices be more expensive. If this is true, then we should expect gold and silver to soar futher if rates will be cut further. Plz correct me if I am wrong.

  9. Thanks Illuminati Silver for the weekly update. It's so great to have precious metals analysts who are "real" world.As far as prices go, I always revert back to what the maestro (Alan Greenspan) said back in 2014, that buyers of Gold and Silver should have a 5-10 year horizon.

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