Gold and Silver weekly Update – w/e 20th April 2018

Gold and Silver weekly Update – w/e 20th April 2018


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 22nd April 2018 and we are
providing our gold and silver weekly update for the week ending 20th April.
Gold fell $10 last week from $1,345 to $1,335 having hit a high of $1,354 and a low of $1,335.
In sterling terms gold finished the week at £953 that’s up £8, and in Euros it closed
at 1,086 Euros that’s down 4 Euros on the week.
Silver rose 48 cents from $16.66 to $17.14 having hit a high of $17.35 and a low of $16.57.
In sterling terms it closed at £12.24 that’s up 54 pence and in Euros it closed at 13.95
euros that’s up 0.44 euros. The Gold to Silver Ratio fell from 80.73:1
to 77.88:1 The Dow Jones closed on Friday at 24,462 down
201 points on the day but up 102 points on the week; and the NASDAQ closed at 7,146 down
91 points on the day but up 40 points on the week.
Brent Crude rose $1.48 from $72.58 to $74.06 and US Light Crude rose $1.01 from $67.39
to $68.40 The dollar index stands at 90.31 that’s
up 0.51 on the week. Gold markets last week attempted to break
through the $1350 level but failed to do so and fell back again closing the week some
$10 lower. However analysts quote that perhaps a shooting star has occurred and are predicting
gold rising to $1375 and then upwards of $1400 in the next coming weeks quoting Syria, and
a potential trade war with China being 2 potential causes for its rise.
On the other hand, a stronger dollar and potentially rising interest rates may in fact cause gold
to fall further especially if North Korea, Syria and China manage to sort themselves
out without some of the fears being realised. Silver was a bit of a star last week rising
nearly 70 cents at its peak and closing 48 cents higher. There was no apparent reason
for this rise, save perhaps a correction in the Gold to Silver ratio bringing the ratio
back down to 77:1 which is close to where it has languished for some time previously.
It certainly appears that $16 has formed a very strong support level and we shall see
if $18.50 proves an equally strong resistance level in the near future.
We expect this week to be little changed or perhaps a slight weakening of prices though
to be fair it’s almost impossible to predict any political outcomes with such an unpredictable
administration. 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.

6 Comments

  1. Thanks for your post Sir. Question: I understand you had difficulties designing a site which aimed for an "Inner Circle". While this may have discouraged any other efforts, I am wondering if there could be a "happy medium" by going back to your previous format? I remember when you would bring up various subjects on a regular basis… & asked compelling questions, which stimulated & engaged listeners to respond in ways that were occasionally educational. Any desire to go back to that format?

  2. Silver may have gotten a bid because of US sanctions on Russia. All other industrial metals spiked this week. Ck out my latest vid for my sources.

  3. Dear IS, sorry to ask again but what about your Annual forecast for 2018 which was supposed to come in Jan 2018? Have I missed it OR you put it off in view of unpredictability of many things in the market?

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