Gold and Silver Update w/e 29th April 2016 – by illuminati silver

Gold and Silver Update w/e 29th April 2016 – by illuminati silver


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 1st May 2016 and we are providing
our gold and silver update for week ending 29th April.
Gold rose in US dollar terms last week by $66 from $1227 to $1293 an oz, rising continuously
from its starting level and completing the week at its high. In sterling terms gold rose
by £33 and in Euro’s it rose by 36 Euros. Silver rose by 89 cents from $16.96 to $17.85,
having reached a high of $17.89 and a momentary low of $16.25. In sterling terms it rose 44
pence, and in Euros it rose by 0.49 Euros. The Gold to Silver Ratio rose from 72.35:1
to 72.44:1 The Dow Jones closed on Friday at 17,773 down
57 points on the day and down 230 points on the week, and the NASDAQ closed at 4,775 down
30 for the day and down 131 points on the week. Brent Crude was up 80 cents at $45.92
and US Light Crude was up $3.64 at $47.37. The dollar index stands at 93.08 that’s
down 2.04 on the week. According to Reuters, The Bank of Japan’s
decision not to expand its monetary stimulus programme led to a downturn on the stock markets
giving gold a boost. Reuters also added that The US Federal Reserve’s
decision on Wednesday not to change interest rates – and its failure to spell out when
it might raise them – has also pushed investors towards the precious metal.
According to the Wall Street Journal, one “cloud on the horizon” for the precious metal
is the “weak demand landscape” in Asia. China’s gold consumption fell 3.9 per cent year-over-year
to 318.3 tons in the first quarter of this year, says the newspaper.
However, Bloomberg points out that China, the world’s biggest gold consumer, increased
bullion imports from Hong Kong in March as a global price rally stalled and local investment
demand showed signs of recovery. Net purchases climbed to 64.1 metric tons
from 42.9 tons in February and 61.8 tons a year earlier. The mainland bought nearly 76.3
tons compared with 55.1 tons a month earlier, while exports to Hong Kong were 12.1 tons
from 12.2 tons. Mainland China doesn’t publish the data.
A jump in physical deliveries from the Shanghai Gold Exchange and higher imports from Switzerland
are signs of strong demand. Swiss exports to China climbed to 29.5 tons from 27.2 tons
the month before, according to the Federal Customs Administration.
According to Xu Zhong, deputy director of the financial market department at the People’s
Bank of China, “Chinese people love gold and there is huge demand, consumption per
person is still well below the global level”. This suggests to us and based on our own research
that China is going to continue to encourage its people to invest in gold which should
maintain robustness of demand. We have said in earlier reports that should
silver rise above $17.50 and gold hit the $1300 level, then this should be seen as a
continuation of the bull trend. Silver has indeed done this and gold is so close to the
$1300 level, it may indeed surpass it this week. The dollar decline has moved further
than we anticipated, especially bearing in mind the negative interest rates which the
rest of the World are dabbling with, and this has also had a profound impact on gold and
silver prices last week. The short term trend remains bullish and paper
traders are indeed likely to push prices higher short term. With turbulence in currency markets,
Trump likely to win the Republican nomination, thereby likely to spook markets further, the
FED content to allow the dollar to fall by maintaining its dovish comments our view is
to buy on dips and there may indeed be some mileage left for both gold and silver to rise.
We hope you have found this video interesting and informative and if so, please give it
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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
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.

15 Comments

  1. Great video…. What comes to my mind is…. What dips? It's acting very strong right now and the wind has hit the sails on this boat…. Just don't jump ship too early IMO.

  2. I believe that the metals will continue to rise until there is a full blown credit crisis. When that happens all assets will temporarily fall hard. The snapback will be historic for the metals.

  3. Im a little disappointed that i missed the dips . I have a guy that needs money and been buying all his gold, thank providence he suddenly needs money . really was hoping to catch those dips

  4. The time to buy was at the lows over the past year. November and December 2015 being the lowest point. I believe that is when you were predicting much lower gold and silver prices were coming… A classic case of "paralysis by analysis."

  5. No real fundamental or technical analysis…. Silver and gold may still have some room to rise, c'mon that is not real analysis. Who cares what the Swiss report or any other groups about what they import or export, anyone believing any of these numbers is foolish. Give me some original content and analysis not a recap of the markets, I can get that info anywhere. Your videos are becoming trivial.

  6. The dollar falling will spook markets worse than any presidential candidate. It has not been doing well and I'm very concerned.

  7. IS–Do you no longer foresee a better chance to buy PMs in the future? I notice you didn't say that this time–that there may be a better opportunity. Thanks. πŸ™‚

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