Gold and Silver weekly Update – w/e 13th October 2017

Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 15th October 2017 and we are
providing our gold and silver weekly update for the week ending 13th October.
Gold rose $28 last week from $1,276 to $1304 having hit a high of $1,304 and a low of $1,275.
In sterling terms gold finished the week at £982 that’s up £6, and in Euros it closed
at 1,103 Euros that’s up 16 Euros on the week.
Silver rose 58 cents from $16.82 to $17.40 having hit a high of $17.42 and a low of $16.81.
In sterling terms it closed at £13.10 that’s up 23 pence for the week and in Euros it closed
at 14.72 euros that’s up 0.38 euros. The Gold to Silver Ratio fell from 75.86:1
to 74.94:1 The Dow Jones closed on Friday at 22,871 up
30 points on the day and up 98 points on the week, and the NASDAQ closed at 6605 up 14
points on the day and up 15 points on the week.
Brent Crude rose $1.55 from $55.62 to $57.17 and US Light Crude rose $2.16 from $49.29
to $51.45 reversing the previous week’s falls.
The dollar index stands at 93.09 that down 0.71 on the week.
Well last week saw a very firm rise in the price of gold and analysts who frankly tend
to be quite fickle from week to week, are now predicting a rise to the $1,325 level.
The weakening of the dollar and continuing geopolitical tensions seem to support this.
We have our eyes slightly more longer term upon whom is likely to replace Janet Yellen
at the FED and whether a more dollar supporting FED chairman is likely to replace her. We
still see gold pretty much range bound for the next couple of weeks with a firm undertone
for the start of this coming week. Again silver also rose last week and analysts
are now suggesting that $18 soon is a strong possibility. Again our view has not changed
save that we expect a slight firming this week and then a fall back again below the
$17 level. We should not be surprised to see these up
and down movements as so much is happening week to week, it makes it difficult for investors
to predict very short term moves. What we will say is positive for gold and silver at
the moment is that stock market investment is also high and gold and silver prices have
held their own, but even the most bullish of serious analysts do not see gold reaching
$1500 and silver much above $20 until well into 2018 – so for the short term traders
there is much excitement, but for sit and hold investors, as many of our subscribers
are, its slowly accumulate when weakness occurs. 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 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 regularly can be found at
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.

Be the first to comment

Leave a Reply

Your email address will not be published.