Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 15th April 2017 and we are
providing our gold and silver weekly update for the week ending 13th April.
Gold rose in US dollar terms last week by $31 from $1,254 to $1285 having hit a high
of $1,288 and a low of $1,247. In sterling terms gold finished the week at £1,026 that’s
up £13, and in Euros it closed at 1,211 Euros that’s up 27 Euros on the week.
Silver rose 54 cents from $18.01 to $18.55 having reached a high of $18.60 and a low
of $17.79. In sterling terms it closed at £14.81 that’s up 26 pence for the week
and in Euros it closed at 17.47 euros that’s up 0.47 euros.
The Gold to Silver Ratio fell slightly from 69.62:1 to 69.27:1
The Dow Jones closed on Thursday at 20,453 down 138 points on the day and down 203 points
on the week, and the NASDAQ closed at 5,805 down 31 point on the day and down 72 points
on the week. Brent Crude rose 65 cents to $55.89 and US
Light Crude rose 85 cents to $53.18 The dollar index stands at 100.51 that’s
down 0.69 on the week. Gold prices initially fell at the beginning
of last week, but as geopolitical tensions rose and the MOAB Bomb, the largest non-nuclear
bomb being dropped in Afghanistan, threats against North Korea and military bombings
in Syria, saw gold prices rally and break the resistance level of $1260 and we saw further
rises on Thursday prior to the markets closing. With the US Fleet heading in North Korea’s
direction, and North Korea displaying its firepower and threatening the US in retaliation,
we have little doubt that short term, gold can only move in one direction.
We foresee the $1300 level being breached, and of course if there is any form of military
attack against North Korea, then $1400 + will easily be on the cards.
Similarly with silver, having now risen above $18.50 we can see it rising to $19 when markets
re-open and $20 + should military conflict begin. In fact, we made a 2KG purchase of
scrap silver today at spot price, just to push up our holdings a little and to take
advantage of a zero premium in what is a potentially volatile environment.
President Trump, supported by the hawks in the Republican Party, is clearly standing
no nonsense and at the same time, believes his popularity will recover if he takes action.
It’s a dangerous strategy, but considering his meeting with the Chinese President, his
action in Syria, and now as mentioned the US Fleet heading towards North Korea, this
will show that President Trump means business. What none of us can calculate is what the
actual reaction of North Korea will be, with its head being generally regarded as mentally
unstable and volatile. All of this aside, we also have to point out
that President Trump has also been commenting that the US Dollar is too high. He will be
in a battle with the FED, but there is little doubt in our minds, that he wants a strategy
of a lower dollar, and this will almost certainly mean higher gold and silver prices in dollars
in the short term. We were about to publish our gold and silver
forecast for the year on Wednesday, but have held off slightly simply because of the geopolitical
activities which will make any assessment valueless, should conflict actually break
out. What we can say for now, is that prices were heading lower and have now gone into
reverse and frankly we are expecting an upward momentum until North Korea and Syria have
been more or less sorted. On the other side of the scale, we are advised that many military
generals are advising the President that skirmishes in North Korea, Syria and Afghanistan cannot
be handled simultaneously, if they all reach fever pitch together.
We should now see a very positive response in gold and silver prices, but also be mindful,
that should North Korea back down, then corrections may also occur, though we expect the next
week or so to remain very bullish indeed. 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
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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