Gold and Silver weekly Update – w/e 30th March 2018

Gold and Silver weekly Update – w/e 30th March 2018


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 1st April 2018 and we are
providing our gold and silver weekly update for the week ending 30th March.
Gold fell $27 last week from $1,347 to $1,320 having hit a high of $1,356 and a low of $1,320.
In sterling terms gold finished the week at £942 that’s down £11, and in Euros it
closed at 1,072 Euros that’s down 18 Euros on the week.
Silver fell 20 cents from $16.57 to $16.37 having hit a high of $16.79 and a low of $16.23.
In sterling terms it closed at £11.68 that’s down 4 pence and in Euros it closed at 13.29
euros that’s down 0.12 euros. The Gold to Silver Ratio fell slightly from
81.29:1 to 80.63:1 The Dow Jones closed on Friday at 24,103 up
254 points on the day and up 570 points on the week; and the NASDAQ closed at 7,063 up
114 points on the day and up 71 points on the week.
Brent Crude fell $1.11 from $70.45 to $69.34 and US Light Crude fell 94 cents from $65.88
to $64.94 The dollar index stands at 89.97 that’s
up 0.54 on the week. Gold initially rose last week and then fell
back again on Tuesday continually falling and closing at its week’s low. A few reasons
for this include; a strengthening of the US dollar due to positive economic news, tensions
with North Korea abating as it’s leader Kim Jong Un pledged his commitment to denuclearization
and to meet U.S. officials, and further Whitehouse turmoil not materialising.
So this coming week may very well see a continuation of gold’s descent unless any of these situations
reverse, or that there is some form of major retaliation to proposed tariffs on imports.
Silver moved in almost exact parallel with gold rising until Tuesday, and then falling
back as the week continued, though it did close 14 cents higher than its low for the
week. There is undoubted support at the $16 level though the prospect of higher interest
rates may indeed cause this level to be breached with the next significant support level resting
at or near $15.50. We believe that silver will remain range bound for the next couple
of weeks, until negotiations with China over Tariffs, the North Korean situation is dealt
with and what Adviser Bolton recommends to the President in terms of Iran.
So at the moment we shall use a shipping term – ‘steady as she goes’.
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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.

9 Comments

  1. In the commercial for the mene a 24 karat gold jewelry is the young woman blind. And is it a good idea to wear gold jewelry in public you're just a walking bullion Bank?. Thank you for your opinion and your views enjoy your week.

  2. A few states in the US will be implementing blockchain technology in this year's November midterm elections. Spooky stuff! The pace of our freedoms slipping away is accelerating. The Rabbi's are saying that according to the stars, a world leader is less than a decade away. The elites know this. That the reason for the explosion in technology over the past 2 decades, and certainly over the past 7. Anyone with an eye and half working brain can see the structure being erected right now. But, the elites are trying to distract your attention away from it with Trump, Russiagate, trade wars and all the other smoke screen bullshit.
    The time to wake up is NOW!

  3. Would you think to comment on the new superconductivity technology and how it will affect the silver market?
    Here is my opinion and research on the topic.
    I think a huge SILVER demand will come from the Electricity Delivery and Energy Reliability industry.
    Fixing our aging POWER GRIDS are due for replacement with new technology called SUPERCONDUCTIVITY.
    Superconductivity is a phenomenon where some materials exhibit no electrical resistance below certain cryogenic temperatures. For this reason, superconducting wire can carry more than one hundred times the current of an equivalent size of copper wire. Power devices using superconducting technologies benefit from up to 8% efficiency improvement, because they have zero resistance to direct current electricity. These attributes can translate into significant reductions of cost, size and weight for motors, generators and power cables.

    One of the key elements used in the manufacturing of these power cables is SILVER. One superconductor power cable 1k meter in length takes about 40kg of silver.
    Superconductivity Power Cable – 2nd Generation High Temperature Superconductor (2G HTS) transmission cable.
    Link to 2G-HTS cable: http://www.superpower-inc.com/content/2g-hts-wire

    SUPPORT – The Department of Energy has been funding superconductive research for a long time now.
    Link: https://www.energy.gov/oe/high-temperature-superconductivity-program
    Link: https://www.energy.gov/sites/prod/files/oeprod/DocumentsandMedia/Supercon_Overview_Fact_Sheet_7_14_09.pdf

    TESTING 2G-HTS wire – HTS System has already been under test for 10 years. A 30 meter 2G HTS cable was constructed by Sumitomo Electric Industries using SuperPower® 2G HTS Wire and installed in the National Grid System in 2008 as part of the Albany HTS Cable Demonstration.
    Link: https://www.energy.gov/sites/prod/files/oeprod/DocumentsandMedia/Albany__03_05_08.pdf
    Link: https://aip.scitation.org/doi/pdf/10.1063/1.2908453

    STRATEGY Planning – Article on “Cost Projections for High Temperature Superconductors”, a quote from page 3: “this scenario would consume about all the silver currently recycled by the photographic industry, a situation likely to adversely affect silver prices, assuming other demand remains constant (perhaps the wisest investment strategy for a utility is to insert Ag-based HTS wire technology as rapidly as possible, subsequent to salvage at a huge profit 40 years from now after the discovery of room temperature superconductors!).”
    Link: https://arxiv.org/ftp/cond-mat/papers/0202/0202386.pdf

    Why use SILVER HTS wire? – Scientists have been able to get other metals to superconduct but they require much lower temperatures then silver. Lower temperatures are not cost effective. Using silver and nitrogen gas is a cheaper method to make silver go superconductive at 77°K (-321.07°F). When silver reaches 77°K, resistance of the cable goes to zero letting electrical current flow without any loss. Nitrogen gas is very cheap to other gases (helium, Hydrogen and Neon) on the market. As the temperature approaches 0°K the cooling power/cost goes up exponentially.

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