Gold and Silver Update w/e 13th May 2016 – by illuminati silver

Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 15th May 2016 and we are providing
our gold and silver update for week ending 13th May
Gold fell in US dollar terms last week by $15 from $1288 to $1273 an oz, having reached
a high of $1288 and a low of $1257. In sterling terms gold fell by £6 and in Euro’s it
fell by 3 Euros Silver fell by 36 cents from $17.47 to $17.11
having reached a high of $17.57 and a low of $16.87. In sterling terms it fell 19 pence,
and in Euros it fell by 0.18 Euros. The Gold to Silver Ratio rose from 73.7:1 to 74.4:1
The Dow Jones closed on Friday at 17535 down 185 points on the day and down 205 points
on the week, and the NASDAQ closed at 4,717 down 19 for the day and down 19 points on
the week. Brent Crude was up $2.46 cents at $47.83 and US Light Crude was up $1.55 at
$46.21. The dollar index stands at 94.60 that’s up 0.72 on the week.
Gold rose on Friday but met some resistance just around the $12.76 level following a stronger
than expected US retail sales report which showed that retail sales rose by 1.3% in April.
Technical analysts are a little concerned in that the MACD or moving average convergence
divergence index is generating a sell signal, though consolidation just below these levels
is more likely short term. Silver fell early in the week, only to peak
mid-week, falling on Friday, and then recovering some lost ground. Technical analysts suggest
there is strong support around the $16 level and believe silver may indeed surpass $18
over the course of the next week or so. We still see considerable volatility and suspect
that prices will now move more or less in close alignment with gold for the next couple
of months, now that the gold to silver ratio appears to have settled in the early to mid
70’s. For our regular listeners, we have been somewhat
preoccupied the past 2 weeks and will be for the next week or so in preparing what is necessary
for the Inner sanctum of our website. This will open to those eligible in mid-June and
if you haven’t already become a free member of our community then please visit our website
at and enter your email address.
We shall be sending out communications at the beginning of June to update you and meanwhile
will continue producing You Tube videos but perhaps not quite as many as often as we have
done in the past. Inner Sanctum members will be given much more up to date news, frequent
contact and more ‘inside information’ than will be revealed on You Tube, but more
info on this will be provided at a later date. We hope you have found this video interesting
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is updated daily can be found 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.

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