Gold and Silver Update w/e 28th Oct 2016 – illuminatisilver

Gold and Silver Update w/e 28th Oct 2016 – illuminatisilver


Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 29th October 2016 and we
are providing our gold and silver weekly update for the week ending 28th October.
Gold rose in US dollar terms last week by $18 from $1266 to $1284, having hit a high
of $1284 and a low of $1261. In sterling terms gold finished the week at £1053 that’s
up £18, and in Euros it closed at 1169 Euros that’s up 6 Euros on the week.
Silver rose 25 cents from $17.52 to $17.77 having reached a high of $17.90 and a low
of $17.47. In sterling terms it closed at £14.57 that’s up 25 pence for the week
and in Euros it closed at 16.17 euros that’s up 0.08 Euros. The Gold to Silver Ratio rose
from 71.04:1 to 72.25:1 The Dow Jones closed on Friday at 18,161 down
8 points on the day but up 16 points on the week, and the NASDAQ closed at 5,190 down
25 points on the day and down 67 points on the week. Brent Crude was down $2.07 at $49.71
and US Light Crude was also down some $2.15 cents at $48.70. The dollar index stands at
98.34 that’s down 0.35 on the week. December Comex Gold futures spiked more than
1% on Friday after the U.S. Federal Bureau of Investigation (FBI) said it will further
investigate Hillary Clinton’s use of a private email system. Traders genuinely fear a Trump
win and this may now, depending on what is forthcoming from the Clinton camp or the FBI
be the beginning of a gold rally next week. Countering this is the perceived prospect
of an interest rate rise as a result of better than expected GDP figures also announced yesterday,
showing that the US economy grew by 2.9% in the third quarter of this year against estimates
of 2.5%. However, that said, some concerns are expressed by analysts in that consumer
spending during this period increased by just 2.1% compared with 4.3% in the previous quarter.
For interest the FED Funds indicator currently shows a 73% prospect of an interest rate rise
in December. The silver markets initially fell during the
course of the week, but then turned around to form a bullish candle. This week we see
silver moving more or less in line with gold, which at least during the start of the week,
we are quite positive about. The downside for silver seems to currently rest around
the $17 level and the upside potentially hitting resistance at $18.50
Last week we felt that gold and silver prices would firm slightly as we approached the election,
and they have done just that. We see a continuation next week, especially as the polls between
the two candidates narrow and we wait to hear further comments re the FBI email investigation,
which could seriously affect the Clinton campaign. Not long to go now before the election, and
those who doubted our views that if Trump wins gold and silver will rise in price only
have to see how traders reacted yesterday when it was felt that the Clinton Presidency
is no longer a certainty. 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.

12 Comments

  1. 2016 has been the most interesting and eventful year more so than many before in the gold, silver, stocks, and in general News.
    this election is the big one either trump or Clinton wins and gold is a sure bet for safety what ever happens. i just hope some stackers and collectors appreciate the fact its going up now after such a slow grind downwards over the years.

  2. check out MJMN stock. I have doubled my money.
    massive construction and new buildings going up in playa del Carmen Mexico.

  3. Trump in a landslide. Over sampled Dems in each poll. Massive enthusiasm gap. Voter fraud is only thing Hillary has going for her.

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