Gold and Silver Update w/e 18th Nov 2016

Gold and Silver Update w/e 18th Nov 2016


Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 19th November 2016 and we
are providing our gold and silver weekly update for the week ending 18th November. This is
going to be a relatively short update as we plan on producing more specific videos on
gold and silver during the coming week. Gold fell in US dollar terms last week by
$16 from $1223 to $1207, having hit a high of $1232 and a low of $1204. In sterling terms
gold finished the week at £979 that’s up £9, and in Euros it closed at 1141 Euros
that’s up 14 Euros on the week. Silver fell $0.66 from $17.25 to $16.59 having
reached a high of $17.51 and a low of $16.46. In sterling terms it closed at £13.44 that’s
down £0.24 for the week and in Euros it closed at 15.62 euros that’s down 0.29 Euros.
The Gold to Silver Ratio rose from 70.90:1 to 72.75:1
The Dow Jones closed on Friday at 18,867 down 35 points on the day but up 20 points on the
week, and the NASDAQ closed at 5321 down 12 points on the day but again up 84 points on
the week. Brent Crude was up $2.11 at $46.86 and US
Light Crude was up $2.28 at $45.69. The dollar index stands at 101.21 that’s
up 2.15 on the week providing a rise of over 4 points in 2 weeks.
Gold markets were under pressure again this week, trying to rise higher but eventually
gave up late Thursday and Friday almost touching that very supportive $1200 level. We believe
that we shall in fact see gold fall below that level if not next week then almost certainly
into the first 10 days of December. The strength of the dollar is the major contributing factor
to this, not forgetting the fact that some $576 million was withdrawn from the largest
ETF SPDR Gold. The potential of a higher interest rate environment is tempting investors away
from gold and towards other asset classes. Silver markets fell too on Friday heading
towards the $16.50 level. Technical analysts believe that any strength from here should
result in sales unless prices move above $17.50 but it is extremely difficult now to envisage
that. Our view is that once again we shall see silver in $15 territory very soon – again
by the second week of December. Precious metals are now entering a temporary
bear phase and short of something undermining the dollar soon, they will be under some considerable
pressure to move even lower than they currently stand.
Finally, for those who follow platinum, prices are currently around $920 that’s some $209
lower than they have peaked during the last 3 months. Whilst we are not buyers of Platinum
quite yet, it is certainly a metal now worth watching.
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.

15 Comments

  1. the ag/au is up and down every week, all with in a shrinking bracket, every jump up has an equal or greater drop,then grinds its way up again, buy dips and hold good stock in the tsxv,this is a great year for U, and utillities , buy them now

  2. EVERY expert tells me that PMs are going lower from here. Sentiment seems rather bad. My gut feeling is telling me to increase my position. 😉

  3. Please let us know as soon as you think it will be a good time to buy Platinum.  Thanks for the vid Illuminati.PS. The Australian cricket team are a shambles.

  4. I think they(The CLUB) are trying to get the sheeple to sell before the big rise. Not me. I'm getting more. I would LOVE to get 6 or 7 oz. of silver for $100.

  5. The key words I heard hear were "the potential for higher rates". That's what the traders are looking at, and I think they are overly optimistic. Rates will rise somewhat, but it's going to take a lot more time than most think to get the juggernaut American economy on a real growth course. So yes, any drop in price is a Christmas gift in advance.

  6. Silver has lost 20% of it's value since it's high earlier this year. How far down do you see it going based on post-election market activity?

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