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.
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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
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worlds we are not qualified to give investment advice. Therefore, this and other productions
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