Gold and Silver Update – w/e 17th March 2017

Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 18th March 2017 and we are
providing our gold and silver weekly update for the week ending 17th March
Firstly our apologies for last week. We had an impromptu visit to Europe where we conducted
some interviews for the Inner Sanctum which meant that our video production was neglected
a little. Gold rose in US dollar terms last week by
$25 from $1,204 to $1229 having hit a high of $1,231 and a low of $1,198. In sterling
terms gold finished the week at £992 that’s up £3, and in Euros it closed at 1,144 Euros
that’s up 16 Euros on the week. Silver rose by 33 cents from $17.03 to $17.36
having reached a high of $17.51 and a low of $16.85. In sterling terms it closed at
£14.02 that’s up 2 pence for the week and in Euros it closed at 16.16 euros that’s
up 0.20 Euros. The Gold to Silver Ratio rose from 70.70:1
to 70.79:1 The Dow Jones closed on Friday at 20,914 down
20 points on the day and up 12 points on the week, and the NASDAQ closed at 5901 up 1 point
on the day and up 40 points on the week. Brent Crude rose 39 cents at $51.76 and US
Light Crude rose 29 cents at $48.78 The dollar index stands at 100.30 that’s
down 0.95 on the week. Well last week the FED raised interest rates
by 0.25% as predicted. The FED Chair Janet Yellen although making it clear that the FED
is determined to combat inflation by raising rates, there was some ambiguity as to when
the next rate rise will occur. This resulted in the weakening of the dollar and the consequent
rise in gold and silver prices. Analysts believe that both gold and silver
prices will strengthen further this week – though quite frankly we see a limit at around $1260
gold and $17.60 silver. Fear over a brewing belief that war with North Korea is being
ramped up with China’s Foreign Minister Wang Yi urging the US to remain “cool-headed” over
North Korean tensions. In addition, G20 financial leaders acquiesced
to the U.S. by dropping its free trade pledge which suggests at least for now, that new
trading arrangements may indeed be negotiated over the coming months.
We believe that certainly for the next few weeks, the political dynamic will have more
of an influence on gold and silver prices than any further economic data. It’s interesting
to see that in sterling terms gold and silver prices were almost unchanged, meaning that
the change in dollar terms were more to do with the weakening of the dollar. Whilst we
believe prices may firm slightly, again any major move, should one occur, will be more
of a response to a political or military situation. Otherwise it’s steady as she goes.
We hope you have found this video interesting and informative and if so, please give it
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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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