Gold and Silver Update w/e 17th June 2016 – by illuminati silver

Gold and Silver Update w/e 17th June 2016 – by illuminati silver


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 19th June 2016 and we are
providing our gold and silver update for the week ending 17th June.
Gold rose in US dollar terms last week by $27 from $1274 to $1301. having hit a high
of $1314 and a low of $1269. In sterling terms gold rose by £12 and in Euro’s it rose
by 21 Euros Silver rose by 15 cents from $17.34 to $17.49
having reached a high of $17.86 and a low of $17.10. In sterling terms it rose by just
1 penny, and in Euros it rose by 0.09 Euros. The Gold to Silver Ratio rose from 73.4:1
to 74.4:1 The Dow Jones closed on Friday at 17,675 down
58 points on the day and down 190 points on the week, and the NASDAQ closed at 4800 down
44 for the day and down 94 points on the week. Brent Crude was down $1.37 at $49.17 and US
Light Crude was down $1.09 at $47.98. The dollar index stands at 94.20 that’s down
0.37 on the week. As stated last week, gold did indeed break
the $1300 level and closed the week at 1301.75 seeing a gain of 2.23% and an annual gain
of 22.77%. Gold prices hit a near two-year peak this week as investors sought the safe
haven commodity on fresh fears Britain would vote to leave the European Union in the referendum
due on 23rd June. The precious metal, whose twin drivers are
investment buying and jewellery demand, surged Thursday to $1,315.71 an ounce – the highest
since August 2014. The commodity soared as new polls showed a rise in support for Brexit
ahead of next week’s referendum, adding to concerns over the global economic outlook.
Silver markets initially rallied during the course of the week, but turned right back
around just below the $17.90 level. By doing so, we ended up forming a shooting star which
of course is a negative sign. That being the case, if we break down below the bottom of
the shooting star, we could drop all the way down to the $16 level. However silver is still
supported by the movement of gold and the value of the dollar and so the $18 level should
not be ruled out quite yet. So what do we make of the current state of
affairs. Well they are actually playing out more or less as expected. The dollar has weakened
a little, and gold and silver prices have moved ahead. The Brexit referendum is extremely
important for their prices in the short term. We can see gold rising a little further prior
to the 23rd June and thereafter will depend on the outcome of the election. So the week
ahead will result in some interesting moves in both gold and silver values. However, we
should not forget that should the UK vote to stay in the EU, then certainly in sterling
and Euro terms, we shall see the price of gold and silver fall, and quite likely in
dollar terms too. The unsettling of the markets have, in our opinion added at least 5% to
the value of gold and silver. We have not forgotten however the poor US employment data,
and the FED maintaining rates at the current level. The German Bond rate fell below 0%
on Tuesday because of Brexit fears and with US rates unlikely to rise over the next 3
months, this indeed assists gold prices. We still however cannot help but feel that unless
Brexit occurs, we may see a corrective price position in both gold and silver downwards.
We hope you have found this video interesting and informative and if so, please give it
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updates and offers. Our Facebook page which is updated daily can be found at 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
its owners.

13 Comments

  1. IS, what are you quoting for gold prices? Example, Aug futures contract (most volume), gold high = 1318.90. Higher than the # you gave as the high.

  2. How come we haven't had a video on Brexit from this channel? I would've thought that it would be something that you'd like to discuss, although it does seem that you are busy given the lack of content lately.

  3. Has anyone else noticed that when metals prices go up, IS immediately says "we expect a downturn in the prices soon". These guys are either fraudsters or British bankers, in which case they are part of the status elite, who love their monopoly fiat debt, as it continues to keep humanity in chains. Remember, banks and banksters are USERS. Please WAKE UP. Get out of debt. Debt is what keeps the system going and enriches these vipers. The Torah is right, DEBT IS A SIN! I destroyed all my credit cards last year, paid off all my loans and am debt free. As a result, my health has improved and I am growing spiritually.

  4. I.S. Thanks as always Ive been buying platinum it has traded places with gold in a price swap? my memories as a child platinum was always more expensive ……Its my gamble but I really think They will switch back I believe its an anomaly . Hope you guys are alright we sure live in big top world right now three rings and all! be well guys!

  5. Institutional buying or selling moves the markets to coerce the public into voting in the referendum in favour of the corporations – which is to vote in.

    All the markets are fixed and so are the outcomes of any political voting process

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