Gold and Silver weekly Update – w/e 29th December 2017


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 31st December 2017 and we
are providing our gold and silver weekly update for the week ending 29th December
Gold rose $27 last week from $1,275 to $1,302 having hit a high of $1,307 and a low of $1,273
In sterling terms gold finished the week at £964 that’s up £9, and in Euros it closed
at 1,085 Euros that’s up 10 Euros on the week.
Silver rose 57 cents from $16.38 to $16.95 having hit a high of $17.10 and a low of $16.33.
In sterling terms it closed at £12.54 that’s up 29 pence for the week and in Euros it closed
at 14.12 euros that’s up 0.33 euros. The Gold to Silver Ratio fell from 77.84:1
to 76.81:1 The Dow Jones closed on Friday at 24,719 down
118 points on the day and down 35 points on the week, and the NASDAQ closed at 6,903 down
46 points on the day and down 56 points on the week.
Brent Crude rose $1.62 from $65.25 to $66.87 and US Light Crude rose $1.95 cents from $58.47
to $60.42 The dollar index stands at 92.12 down 1.14
on the week. Last week, the weakness of the US dollar had
a significant effect on gold and silver prices both of which maintained some strength throughout
the week and reversed recent trends. However what was noticeable was that silver
failed to hold above the $17 resistance level whereas gold did managed to surpass its $1300
resistance and hold. As we stated last week, traditionally gold and silver prices begin
to strengthen at the start of the year and we saw this begin last week. However that
said, much of the gain was more to do with dollar weakness rather than a great desire
for gold and silver acquisition. However, we can certainly expect slightly higher prices
during January. At the moment, bitcoin is the talk of the
town and the Dow Index is attempting to breakthrough and hold above the 25,000 level which we believe
will happen soon. On Wednesday we shall be publishing our Annual forecast for 2018.
Meanwhile we wish you all a most prosperous New Year.
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. 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.

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