Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 10th June 2017 and we are
providing our gold and silver weekly update for the week ending 9th June.
Gold fell $13 last week from $1279 to $1266 having hit a high of $1,295 and a low of $1,265.
In sterling terms gold finished the week at £993 that’s unchanged, and in Euros it
closed at 1,131 Euros that’s down 3 Euros on the week.
Silver fell 35 cents from $17.55 to $17.20 having hit a high of $17.75 and a low of $17.20.
In sterling terms it closed at £13.50 that’s down 12 pence for the week and in Euros it
closed at 15.36 euros that’s down 0.19 euros. The Gold to Silver Ratio rose from 72.88:1
to 73.60:1 The Dow Jones closed on Friday at 21,271 up
89 points on the day and up 65 points on the week, and the NASDAQ closed at 6,207 down
113 points on the day and down 98 points on the week.
Brent Crude fell $1.80 to $48.15 and US Light Crude fell $1.83 to $45.83
The dollar index stands at 97.27 that’s up 0.56 on the week.
As we stated last week gold and silver prices see-sawed, particularly in sterling terms
with a downward momentum being seen in US dollar terms.
The main causes for this were the Comey testimony and the UK General election vote.
This coming week, traders will focus on the Fed which is scheduled to meet on the 14th
of June at which time, many analysts believe interest rates will be raised. As long as
this is the case, we foresee both gold and silver prices to be under pressure prior to
the announcement and then possibly an opposite trend move once the announcement has taken
place, much depending of course on the additional comments made by Fed Chair Janet Yellen.
So for those of you who are interested in acquiring more gold and silver, this week
may indeed provide a few opportunities to do so at slightly lower prices. It is our
contention that rates may go up by 0.25% but we would not be surprised, if the rise were
delayed another month. Either way, gold and silver prices are likely to rise again after
Wednesday – though frankly we believe there is very strong resistance at $1300 gold and
$18 silver, at least in the very short term. Tomorrow we shall be commenting on the Comey
Interview. Former Director Comey mad ea few comments which many commentators missed and
in our view gave away very clearly what is likely to happen to President Trump. We shall
also this week be commenting upon the disastrous election result for the Conservative Party
in the UK resulting in the Party being 8 seats short of an overall majority. However some
commentators believe that this result is good for the Country as it means a hard Brexit
will now be more difficult to achieve. We shall be commenting on this early in the week.
We are aware that many of our subscribers are alarmed at our lack of videos these past
few months. Please do not be so. We are in the process of preparing a brand new image,
video approach and what we believe will be something that will rival the Young Turks
in time. It’s still going to take quite a few weeks to prepare but we ask you to be
patient and also the Inner sanctum is being developed, but it too is going to take on
a very different guise to what we originally intended.
Its very frustrating for us to have so many delays, but we took the decision earlier this
year to hopefully make a large leap forward rather than small incremental steps. We of
course need your support to achieve this and so please do not be disheartened and we promise
there are some very exciting things to come. We hope you have found this video interesting
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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