Gold and Silver Update – w/e 13th April 2017

Gold and Silver Update – w/e 13th April 2017


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
its owners.

17 Comments

  1. The 6th Privateer 2oz round, The White Whale was released and is being sold by a company in Germany and by BGASC in the US. Even though Elemetal, who mints the Privateers for Provident, is in hot water over gold smuggling, I don't know why Provident is not selling them directly to the public. Seems like Provident is selling off everything and not adding any new products. Otherwise, they would be selling the White Whale themself.

  2. What about France and it's elections soon?  Will there be a big france et and make things go higher as well like brexit did?

  3. President Trump remains unqualified to be US Commander-in-Chief and lacks any strategy or cohesive foreign policy. He does seem to be leaving the tactical decisions to our very professional military experts. Many of us are concerned that Trump will use military adventurism to deflect from his domestic policy shortcomings and to improve his dismal approval ratings. While the structure of the US government is designed to exert checks and balances on power, we are being tested by an amateur attempting to govern on-the-fly, off-the-cuff, flying by the seat of his pants. Most challenging will be the upcoming train-wreck of our domestic economy should our incompetent President and our Republican Congress fail to increase the US debt ceiling limit in the next few months, resulting in a shutdown of the US government.

    US voter apathy and laziness gave us Donald Trump (perhaps with an assist from Russian Intelligence Service operatives), we had a low turnout of eligible voters last November. Trump's attempts at policy, his proposed budget priorities, and his executive orders have awoken the sleeping passive majority at this point. Some Trump supporters now realize he is not keeping his promises to them.

    While our President is challenged to achieve anything beneficial for the American people either domestically or in the world arena, he has been exceptionally good at increasing the value of precious metals in US dollar terms. He may well accelerate the fiscal disaster of the US debt vortex, but for those of us who stack his volatility has reaffirmed the wisdom of holding precious metals rather than US Federal Reserve notes.

  4. I don't see Silver Under $16 & Gold Under $1100 USD EVER AGAIN!! If Tensions Escalate I Agree With Illuminati's Predictions with that being said Don't forget to Stock up on the Basics as well

  5. As  always,  good  analysis.   I. S.  has  over  90%  accuracy   [ I  started  Listening  in  2015 ]   regarding  precious  metal  price  forecasting;   that's  BETTER  THAN  ANYONE  I  Listen  to  on  YouTube.   I  bought  my  Silver  stack  between  Jan – May  2016.Looks  Like  I'll  be  adding  to  it  around  June/July  of  this  year;   but  NOT  without  info  from  ILLUMINATI  SILVER.

  6. I would not be suprised if there was a temporary pullback forced by the manipulators at COMEX, perhaps back to the $17.00 level – but it does seem as if the general trend is up, up up – I do see very difficult times ahead and if there is another correction, even down to the upper $17s, it might represent a fantastic buying opportunity.
    Considering that you're putting your money where your mouth it, perhaps you are right and price will skyrocket – question I have is this: why physical silver and not mining shares, surely your net return would be SIGNIFICANTLY HIGHER?

  7. Of course, if more billionaire's get spooked, the only way is up.

    http://thedailycoin.org/2017/04/17/richest-man-asia-aggressively-preparing-collapse-direct-exposure-gold-super-wealthy-focus-wealth-preservation/

  8. i have a question Mr. Illuminati Silver. Do you pay attention to the Commitment of Traders Report released from the CFTC?

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