Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 21st January 2017 and we
are providing our gold and silver weekly update for the week ending 20th January.
Gold rose in US dollar terms last week by $12 from $1197 to $1209, having hit a high
of $1218 and a low of $1196. In sterling terms gold finished the week at £977 that’s down
£5, and in Euros it closed at 1130 Euros that’s up 5 Euros on the week.
Silver rose by 26 cents from $16.81 to $17.07 having reached a high of $17.33 and a low
of $16.75. In sterling terms it closed at £13.79 that’s unchanged for the week and
in Euros it closed at 15.94 euros that’s up 0.15 Euros.
The Gold to Silver Ratio fell from 71.25:1 to 70.82:1
The Dow Jones closed on Friday at 19,827 up 94 points on the day and down 58 points on
the week, and the NASDAQ closed at 5555 up 15 points on the day and down 19 points on
the week. Brent Crude was down $1.61 at $55.49 and US
Light Crude was up $1.15 at $53.22 The dollar index stands at 100.74 that’s
down 0.44 on the week. Last week we stated that gold would be highly
resistive at $1200 but we could see it touching $1220 – well in fact it briefly touched
$1218 and then fell back as the inauguration approached. In sterling terms it was little
changed on the week and it dollar terms it was up just $12 an ounce more or less in line
with our view that the week would end little changed from the beginning.
Silver markets essentially followed gold and ended the week up 26 cents and frankly everything
was based on the inauguration of Americas 45th President.
Many feared there would be riots and yes the doom, gloom and panic merchants were out in
force last week suggesting that the inauguration would be cancelled or over-run by protestors
and that Donald Trump could be assassinated. The number of people who quoted ‘inside
sources’ telling them that something grave was going to occur. One spokesman who claimed
he had contacts within the Police Force at a senior level stated that there was an establishment
plot to do away with the President-elect on the day of his inauguration.
Well all we can say is that yes there were protestors, and they were dealt with quite
easily. The Establishment plot did not occur and frankly we did not expect it to. One day
people will eventually realise that all these pumpers are just trying to scare you into
buying their products now before it’s too late – and it’s just a load of baloney.
Anyway getting back to gold and silver. This coming week is extremely important, for as
from Monday President Trump will be signing a number of Executive Orders which will give
us all an insight into the future policy direction of the US. He made it clear in his inauguration
speech that it’s America First which does suggest a degree of protectionism and hard
bargaining ahead. A number of Treatises we expect may be torn up and the US may indeed
embark on a path that will serve to strengthen the dollar over the coming months. However,
we also see turmoil as other countries evaluate what his policies will mean for them, and
as we still live in a globally inter-connected world, if certain markets fall they will have
a similar impact on others. Next week is crucial and frankly we are sitting
on our hands and doing nothing until we can see how it pans out. We can envisage precious
metals both rising and falling, what we do not know is the bag of tricks President Trump
has to reveal. Markets may still be nervous, though they may very well like the America
First message. So if we were gambling men, we would expect ultimately next week gold
and silver prices to fall a little by the end of the week. We certainly expect them
to fall by 5% – 10% by the end of February if not sooner. 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