Gold and Silver weekly Update – w/e 22nd December 2017

Gold and Silver weekly Update – w/e 22nd December 2017


Welcome to illuminati silver, we tell you
the truth about silver. Today is Monday 25th December 2017 and we
are providing our gold and silver weekly update for the week ending 22nd December
Gold rose $21 last week from $1,254 to $1275 having hit a high of $1,275 and a low of $1,257
In sterling terms gold finished the week at £953 that’s up £12, and in Euros it closed
at 1,073 Euros that’s up 6 Euros on the week.
Silver rose 33 cents from $16.05 to $16.38 having hit a high of $16.43 and a low of $16.
In sterling terms it closed at £12.25 that’s up 21 pence for the week and in Euros it closed
at 13.79 euros that’s up 0.13 euros. The Gold to Silver Ratio fell slightly from
78.13:1 to 77.84:1 The Dow Jones closed on Friday at 24,754 down
28 points on the day and up 103 points on the week, and the NASDAQ closed at 6,959 down
5 points on the day and up 23 points on the week.
Brent Crude rose $2.02 from $63.23 to $65.25 and US Light Crude rose $1.17 cents from $57.30
to $58.47 The dollar index stands at 93.26 down 0.67
on the week. Gold and silver both gained some strength
last week, primarily because of a slightly weaker dollar but mainly because of weaker
US GDP data announced on Friday at 3.2% as opposed to the envisaged 3.3% – thereby tempering
the prospect for interest rate rises next year. Also a relatively thin market meant
that prices over reacted a little. Silver showed similar strength only marginally
outpacing gold. Many see this as a dollar play at the moment and the money appears to
be on a weaker dollar, thereby stronger precious metal prices. Whilst as we said last week,
the start of the year is normally positive for gold and silver, we still see a degree
of consolidation and vacillation for gold between $1200 – $1300 and silver from $15
– $17 for the next few weeks. We shall next week provide a comprehensive
view as to where we see gold and silver prices heading in 2018 and meanwhile we wish all
of our listeners and subscribers a very Merry Christmas and Prosperous 2018.
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can be found at facebook.com/illuminatisilver 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.

13 Comments

  1. Hope you all took advantage of the black friday bitcoin sale. Great buying opportunities at $10,000 where had as bitcoin is now on its way to a newer all time high.

  2. The USD index theory? The historical number of paper short contract moved to the London exchange just might be one of several larger influences than the USD.

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