Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 815th April 2018 and we are
providing our gold and silver weekly update for the week ending 13th April.
Gold rose $12 last week from $1,333 to $1,345 having hit a high of $1,364 and a low of $1,327.
In sterling terms gold finished the week at £945 that’s unchanged, and in Euros it
closed at 1,090 Euros that’s up 5 Euros on the week.
Silver rose 27 cents from $16.39 to $16.66 having hit a high of $16.87 and a low of $16.34.
In sterling terms it closed at £11.70 that’s up 7 pence and in Euros it closed at 13.51
euros that’s up 0.16 euros. The Gold to Silver Ratio fell from 81.33:1
to 80.73:1 The Dow Jones closed on Friday at 24,360 down
122 points on the day but up 428 points on the week; and the NASDAQ closed at 7,106 down
7 points on the day but up 191 points on the week.
Brent Crude rose $5.47 from $67.11 to $72.58 and US Light Crude rose $5.33 from $62.06
to $67.39 The dollar index stands at 89.80 that’s
down 0.30 on the week. Last week was basically about Syria. With
President Trump warning of missile strikes (which eventually did occur Friday evening
after markets closed) gold maintained a positive stance throughout the week. Positive comments
from both China and North Korea tempered any further rise as did the FED comments relating
to the prospects of higher interest rates this year due to robust economic growth.
Gold prices are expected to trade higher initially this week in response to the US-led missile
strikes on Syria. However, providing tensions do not flare or Russia intervenes further
then we can foresee a reversal, but frankly, for the moment this is the factor which will
have the greatest pressure on prices in either direction this week.
Silver, all but shadowed gold last week mainly as expected. It performed slightly better
in that the GSR fell slightly. Traders quote considerable resistance at or around $17 and
strong support close to the $16 level. This coming week we again envisage firmer prices
at the start but the rest of the week will be, to a large extent, determined by Russia,
Syria, and Iran. The World Silver Survey 2018 was published
last Thursday and we shall cover this in some detail in our next video which will be published
tomorrow. 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