Gold and Silver Update w/e 20th May 2016 – by illuminati silver

Gold and Silver Update w/e 20th May 2016 – by illuminati silver


Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 21st May 2016 and we are
providing our gold and silver update for week ending 20th May
Gold fell in US dollar terms last week by $21 from $1273 to $1252 an oz, having reached
a high of $1288 and a low of $1244. In sterling terms gold fell by £23 and in Euro’s it
fell by 10.7 Euros Silver fell by 58 cents from $17.11 to $16.53
having reached a high of $17.39 and a low of $16.33. In sterling terms it fell 52 pence,
and in Euros it fell by 0.40 Euros. The Gold to Silver Ratio rose from 74.4:1 to 75.7:1
The Dow Jones closed on Friday at 17,500 up 65 points on the day and down 35 points on
the week, and the NASDAQ closed at 4,769 up 57 for the day and up 52 points on the week.
Brent Crude was up $0.89 cents at $48.72 and US Light Crude was up $2.20 at $48.41. The
dollar index stands at 95.33 that’s up 0.73 on the week its third consecutive weekly rise.
Gold steadied after two days of losses on Friday, but was on track for its biggest weekly
slide in eight weeks on the back of a firmer dollar and indications from the U.S. Federal
Reserve that it could raise interest rates as early as June. Technical analysts forecast
that Resistance is seen near the 10-day moving average at 1,266, while support is seen near
the April low at 1,208. Silver markets fell during the course of the
week, showing quite a bit of weakness. However, the $16 level had been previously resistive,
and should be supportive now. Analysts are waiting see whether or not some type of bounce
or supportive candle near the $16 level occurs in order to start going long again.
The number of Americans filing for unemployment aid fell from a 14-month high last week, the
latest sign the economy was picking up speed in the second quarter. The economic outlook
got a further boost from another report on Thursday showing a gauge of future activity
jumped in April. The reports followed recent upbeat data on retail sales, home building
and industrial production. Many commentators are now coming to the opinion
that rates may indeed rise in June, and this is shown by the recent relative weakness in
stock market activity and the rise in the dollar index. At 95 the dollar is where the
FED wants it to be and falls within our satisfactory predictive range. We still cannot see a rate
rise in June, however there is no doubt that gold and silver markets are being affected.
For those looking for $20+ silver, we do not see this happening but feel any price within
the $15 range now represents a good value buying opportunity.
For our regular listeners, we have been somewhat preoccupied the past few weeks and will be
for another 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 illuminatisilver.com 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
not quite as many and 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 and informative and if so, please give it
a thumb up and share it on twitter. Also kindly visit our website at illuminatisilver.com
and if you haven’t already done so please subscribe as a free member for regular email
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.

14 Comments

  1. Do you really believe the numbers that have been revised over and over? I do believe there will be a rate hike.

  2. What's this? You won't be on YouTube as often anymore? That's a shame. Your voice and pronunciation is so crisp and clear unlike some others who speak as if they have a sock in their mouth.

  3. waiting for August myself….i hope your hard work is apprenticed by your long term subscribers. take care.

  4. I heard today that the Feds will raise interest rates in November. I think 15 dollar silver is a good price too. In the 1960's silver was only about a dollar an oz give and take. Im still studying up on this.

  5. Inner sanctum sounds a little bit spooky but you have not let us down yet! thanks for the week end report . Im curious as to what is making you think silver back down again? is it the false numbers the US puts out ? we have noticed lately the political parties are more brazen in letting us know we don't pick any presidents or the fact we are considered as property of the fed as people vs bankers. but the uselessness of our political over seers is just not worth hiding anymore,we are in for a few big awakenings !

  6. A rise in interest rates generally means the US Fed Reserve is of the belief the underlying rate of inflation is on the rise over the medium term. I would therefore expect the price of gold to increase rather than decrease as has occurred during the last week. Maybe this view is too simplistic given the significant well documented role the futures market has on the price of gold. An alternate view maybe that the gold price decreases because the supply of futures contracts increases and as these contracts are settled in US dollars (for the time being), the possibility of higher interest rates being paid on US dollars makes holding them more desirable than holding gold. The events of the last week would indicate we are witnessing a very controlled gold price market. How long this will last is anyone's guess. What is being driven down may reverse without warning or reason. For an ordinary retail investor, this is a disturbing feature which justifies the widely held view of 15-20% maximum allocation of precious metals in a portfolio.

  7. Get the metals while you can and get out of fiat. At this point, it doesn't matter what the fed does, the global economy is on its way to doomsday.

  8. Any price between now and the fed rate announcement maybe an opportune time to buy as a possible hike appears already factored in and any subsequent decision should be positive for the pms, imo

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