Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 1st October 2017 and we are
providing our gold and silver weekly update for the week ending 29th September.
Gold fell $18 from $1,297 to $1,279 having hit a high of $1,313 and a low of $1,278.
In sterling terms gold finished the week at £955 that’s down £6, and in Euros it closed
at 1,083 Euros that’s down 2 Euros on the week.
Silver fell 35 cents from $17 to $16.65 having hit a high of $17.24 and a low of $16.64.
In sterling terms it closed at £12.43 that’s down 16 pence for the week and in Euros it
closed at 14.09 euros that’s down 0.13 euros. The Gold to Silver Ratio rose from 76.29:1
to 76.82:1 The Dow Jones closed on Friday at 22,405 up
23 points on the day and up 56 points on the week, and the NASDAQ closed at 6,495 up 42
points on the day and up 69 points on the week.
Brent Crude fell 7 cents from $56.86 to $56.79 and US Light Crude rose $1.01 from $50.66
to $51.67 The dollar index stands at 93.07 that’s
up 0.90 on the week. Last week we predicted that gold would move
closer towards the $1250 level and it closed at $1,279 just $1 off its week low on Friday
and that silver would move towards the $16.50 level and again closing at its low for the
week save 1 cent at $16.65 September saw gold rise at the beginning and
decline towards the end. We are now entering the territory which we believed it would continue
its descent from before the rise first appeared. In other words, we still believe that October
will see a further lowering in the gold price. Of course North Korea is the ‘wild card’
which could affect this, and Trump announcing today that his Secretary of State is wasting
his time trying to negotiate with North Korea will further add to tensions.
However, we envisage a dollar rebound – yes to all those who have been predicting a dollar
collapse by now will be sorely disappointed yet again. We now see considerable resistance
at the $1300 level and frankly envisage our $1250 target being reached this week, if not
even lower. With the Governor of the Bank of England hinting that interest rates may
indeed rise in the UK in the short term – and possibly as early as November, then this suggests
that Gold in Sterling terms too will fall in price during the coming weeks.
Silver prices have proven volatile during the past week and we envisage a similar performance
in the coming weeks. For the same reasons as gold we see a softening of its price, initially
towards the $16.50 level and then a gradual breakdown towards $16.
Finally our Inner Sanctum update video which we thought we had uploaded last Tuesday was
corrupted and did not appear. The fault has been rectified and will be uploaded tomorrow
– apologies again for the delay. 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