Gold and Silver weekly Update – w/e 11th August 2017

Gold and Silver weekly Update – w/e 11th August 2017


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 13th August 2017 and we are
providing our gold and silver weekly update for the week ending 11h August.
Gold rose $30 from $1,259 to $1,289 having hit a high of $1,291 and a low of $1,252.
In sterling terms gold finished the week at £990 that’s up £25, and in Euros it closed
at 1,090 Euros that’s up 21 Euros on the week.
Silver rose 83 cents from $16.28 to $17.11 having hit a high of $17.23 and a low of $16.14.
In sterling terms it closed at £13.15 that’s up 66 pence for the week and in Euros it closed
at 14.47 euros that’s up 0.64 euros. The Gold to Silver Ratio fell from 77.27:1
to 75.34:1 The Dow Jones closed on Friday at 21,858 up
14 points on the day and down 234 points on the week, and the NASDAQ closed at 6,256 up
39 points on the day and down 95 points on the week.
Brent Crude fell 32 cents from $52.42 to $52.10 and US Light Crude fell 76 cents from $49.58
to $48.82 The dollar index stands at 93.06 that’s
down 0.48 on the week. Well last week we predicted that gold would
fall back $20 – $30 following the trend we forecast would occur during August. Initially
the markets opened in favour of a decline. However, North Korea raised its head again
with the rhetoric and warnings between President Trump and Kim Jong-Un intensifying as the
week proceeded, causing the US dollar to weaken, the Stock markets to fall and investors, particularly
overseas investors, increasing their gold holdings, causing its price to rise $30 rather
than fall by up to that amount. We did warn 2 weeks ago, that the catalyst for a rise
in the price of gold and silver could be increasing tensions with North Korea, and so it came
to pass. Frankly, we believed that these tensions would resurface but not for a few weeks if
not months – thereby allowing prices to fall in August. It’s not to be. President
Trump on Friday increasing his warnings, and North Korea appearing to be hell bent on ignoring
them, suggests that this level of high alert and concern will remain with us for a little
time yet. The US consumer inflation rising less than
expected, also pushed back the prospect of higher interest rates in September, thereby
weakening the dollar further and proving positive for gold and silver. We suggested around a
month ago, that we would not expect more than another rise this year, and we believe it
will occur in either November or December. Now we wish to be clear on this. Gold prices
will fall back if tensions with North Korea abate. They will also rise if these tensions
continue and of course will rise considerably if military conflict actually occurs. Our
video with Greg a few days ago, suggests that there is a 70% chance, in his view, of no
conflict occurring, though we can add that certain military establishments have been
placed on yellow alert, though in fairness, there appears to be no US military ships or
convoys moving closer to North Korea at this present time.
Silver again followed gold’s lead though actually outshone it reducing the GSR from
77:1 to 75:1. Both gold and silver showed some weakness on Friday and analysts are predicting
that prices may have topped out and some fall backs can be expected. Our view is that these
markets are now purely politically driven especially with North Korea. However, what
is also concerning is last night’s announcement by President Trump that he was considering
possible military action against Venezuela in response to Nicolas Maduro’s power grab.
Mr Trump told reporters at his New Jersey golf course that he was “not going to rule
out a military option”. Few military strategists at this time can
see little benefit in the US involving itself with Venezuela and the whole issue may just
smack of President Trump either just talking tough to satisfy his base, or actually intent
on creating a few military skirmishes in order to increase his poll ratings and remove the
Mueller investigation from the main news headlines, especially as subpoenas are being issued and
the dawn raid on Manafort’s home which occurred last week.
Hopefully this is just conspiracy theory or fake news – either way, increasing tensions
when dealing with despots and dictators can eventually force one into a corner where military
action is the only outcome that would then be an acceptable response.
So for the next couple of weeks, if the tensions with North Korea reduce, we foresee gold and
silver prices falling back, but perhaps not as quickly or as far as our original prediction.
If tensions increase then its not rocket science to predict that gold and silver prices will
remain firm and move to the upside. By how much, depends upon two maverick leaders whose
actions very few of us can actually predict. 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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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. I usually perceive diatribe & saber rattling as distraction techniques for hidden manipulative purposes. However here are 2 articles that may be of interest:

    1) "North Korea is sitting on a stockpile of minerals worth trillions"
    http://www.businessinsider.com/north-korea-stockpile-minerals-worth-trillions-2017-6

    2) "Latin America to slam Trump's 'military option' threat"
    https://www.reuters.com/article/us-usa-venezuela-military-idUSKBN1AR2GR

  2. had to read the description on this one. thanks for your thoughts. i believe some one is going to do some think stupid and the easy way to go is just buy.

  3. The rise in gold is due to the current political climate.When I see a good deal and nice ebucks,I am buying small amounts for now but I do see tensions easing somewhat and then I will buy in larger numbers.

  4. The US Congress sanctions on Russia, a declaration of future war, accelerated the alternative to USD as World Reserve Currency. N Korea is just news distraction.

  5. A continued bearish dollar will eventually bring inflation into play whereby interest rates will inevitably increase putting pressure on the bond market, the time bomb is ticking……

  6. Hey guys. I said before for the President to use the pause button and don't rush out into the heat of the night and do something stupid. Thanks for your info. Out.

  7. So whos on the list of non central banks, Syria, Libya, Venezuela. Who's left Iran, Cuba and our friends in North Korea. Trump is working for the bankers.

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