Gold and Silver Update w/e 26th Aug 2016 – by illuminati silver

Gold and Silver Update w/e 26th Aug 2016 –  by illuminati silver


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 28th August 2016 and we are
providing our gold and silver update for the week ending 26th August.
Gold fell in US dollar terms last week by $20 from $1341 to $1321, having hit a high
of $1344 and a low of $1318. In sterling terms gold finished the week at £1005 down £21
and in Euros it closed at 1180 Euros that’s down 5 Euros on the week.
Silver fell 77 cents from $19.42 to $18.65 having reached a high of $19.21 and a low
of $18.49. In sterling terms it closed at £14.19 that’s down 58 pence for the week
and in Euros it fell 0.41 Euros at 16.65 Euros per ounce. The Gold to Silver Ratio rose from
69.4:1 to 70.8:1 The Dow Jones closed on Friday at 18,395 down
54 points on the day and down 157 points on the week, and the NASDAQ closed at 5,218 up
6 points on the day and down 20 points on the week. Brent Crude was down $1.42 at $49.46
and US Light Crude was down $1.43 at $47.09. The dollar index stands at 95.5 that’s up
1 on the week. Gold prices moved lower following the statement
from the Feds Vice Chair Stanley Fischer who spoke after Janet Yellen, and who pointed
to next week’s payrolls report as an important gauge after stronger hiring reports during
the past 3-months, amid evidence that the economy has strengthened. He indicated that
the Fed is considering two rate increases this year. We can see one rise of 0.25% but
will be surprised if two rises are in fact implemented.
Silver was under pressure but had some support at the $18.50 level. We believe that silver
may still fall closer to $18 and gold closer to $1300 which will provide a good opportunity
to purchase if you are short of stock. The dollar is likely to improve again this week
following the fear of potential interest rate rises and this will, at least temporarily,
dampen gold and silver prices. 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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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.

11 Comments

  1. Good video, thanks. The fundamentals are not very predictive anymore given that the last time the Fed raised rates gold/silver actually went up also from the uncertainty as the markets went into a bit of a temper tantrum, i.e. if they do raise rates, gold/silver could again increase from a market tantrum, if they don't raise rates then the US$ in theory should weaken against gold/silver …..both cases indicate higher PM prices. The elephant in the room (apart from the US presidential election) is the activation of the Yuan into the IMF basket of currencies on 3rd October ….how do you see this affecting US$ strength/gold/silver prices given that China has been accumulating gold over the last few years in preparation. Either way September/October is going to be fairly action packed with events …..there might be wild volatility up/down in the prices of everything

  2. Do you think the fed speak about the potential to engage in broader asset purchases if needed in the future is more important than the level of interest rates ? Seems like stocks are the place to be because the fed will always try to keep the markets elevated using all methods in their "toolkit" Meanwhile they hate gold and silver and probably will do all they can to keep a lid on prices.

  3. It seems what I mentioned appears to becoming an reality. Now let's see if the interest rates shall rise. Also the prices has fallen and still dwindling down.

  4. I have some money! What would you suggest I buy, after my house is in order? Everyone taiks about U.S. Silver Eagles being on sale, I think 49 cent over spot, secondary market rounds are the way to go. Am I wrong in this thinking? Will the premiums play a major role upon liquidation? It doesn't seem worth it at this time for semi numismatic coins on returns verses investment. Ounces seem to be the king in a shortage, if you would be so kind as to enlighten me on your preference, when investing, or wealth insurance, should gold be considered to diversify, or is silver that much better? Once suppressed, always suppressed! Metal, or money? Maple Leafs are another cheaper option, if the government stamp is a benefit also, as are others.

  5. An event is rolling it's way from Korea and to a slower extent from Brazil and Venezuela direction . The Baltic Dry Index which has been sinking for a year or two now. An index of shipping movements is about to possibly plunge for a few weeks or months. The Hanjin company which has a huge share of the shipping container market just went into receivership which until resolved could slow significantly the movement of goods around the world. This will probably show up as a surge in overseas orders as retailers put their orders in now in hopes of getting product by the XMas season. Something to keep an eye in.

    As for Brazil their economy is tanking fast and Venezuela wont be getting better anytime soon.

    And there is a push by banks out there like Deutsch Bank to merge so they can write off debt before they implode.

  6. I highly doubt the interest rate will increase twice this year. Maybe once at most.
    I suspect they will wait until after the election..

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