Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 7th May 2016 and we are
providing our gold and silver update for week ending 6th May
Gold fell in US dollar terms last week by $5 from $1293 to $1288 an oz, having reached
a high of almost $1302 and a low of $1271. In sterling terms gold rose by £7 and in
Euro’s it fell by 0.22 Euros Silver fell by 38 cents from $17.85 to $17.47,
having reached a high of $17.95 and a low of $17.20. In sterling terms it fell 11 pence,
and in Euros it fell by 0.28 Euros. The Gold to Silver Ratio rose from 72.44:1 to 73.76:1
The Dow Jones closed on Friday at 17,740 up 79 points on the day and down 33 points on
the week, and the NASDAQ closed at 4,736 up 19 for the day and down 39 points on the week.
Brent Crude was down 55 cents at $45.37 and US Light Crude was down $2.71 at $44.66. The
dollar index stands at 93.88 that’s up 0.80 on the week.
With gold and silver dipping mid-week and then recovering somewhat on Friday, mainly
the result of the disappointing US Non-Farm Payrolls Report showing some 160,000 new jobs
created as opposed to the forecast 202,000. This now practically eliminates any rate rise
in June and indeed puts off such a potential rise until later in the year.
This is indeed positive for gold and silver with gold expected to breach the $1300 level
and silver the $18 level quite soon. Tomorrow we shall be publishing our video
on the Silver Institutes Report – the World Silver Survey 2016 and what we believe to
be the consequences from the information it contains.
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