Gold and Silver weekly Update – w/e 31st August 2018

Gold and Silver weekly Update – w/e 31st August 2018


Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 1st September 2018 and we
are providing our gold and silver weekly update for the week ending 31st August.
Now before we move into our update we would like to draw your attention to an e- book
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Now it is a bit salesy, but its also an incredibly simple guide and is excellent at showing what
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of additional information The E-Book is entitled:
‘Bitcoin What Is It? Your Definitive Guide To Bitcoin Wealth!’
And can be found by typing the following link into your search bar or clicking on the link
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Its showing on the screen as I say these words. For $10 we believe it’s a no brainer and
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our link, then we will receive a small commission for the referral. All monies received are
automatically fed back into our channel. Anyway, back to our update:
Gold fell $4 last week from $1,205 to $1,201 having hit a high of $1,214 and a low of $1,197.
In sterling terms gold finished the week down £12 to £926 reversing the previous week’s
gain and in Euros it closed at 1,035 Euros down just 2 Euros.
Silver fell 29 cents from $14.82 to $14.53 having hit a high of $15 and a low of $14.50.
In sterling terms, it closed at £11.21 that’s down 32 pence and in Euros it closed at 12.52
euros that’s down 0.23 euros. The Gold to Silver Ratio rose yet another
week from 81.3:1. To 82.65:1 The Dow Jones closed on Friday at 25,964 down
22 points on the day but up 174 points on the week; and the NASDAQ closed at 8,109 up
21 points on the day and up 164 points on the week.
Brent Crude rose $1.82 from $75.82 to $77.64 and US Light Crude rose $1.08 from $68.72
to $69.80 The dollar index stands at 95.14 that’s
unchanged for the week. Last week saw gold vacillate within a $17
range between $1214 and $1197. As we predicted last week gold initially rose, but we must
admit did not hold on to those gains, which we thought it might at least for a week or
so, and fell back ultimately late on Friday ending the week down $4. Analysts view this
market as ‘very soft’ and see $1200 as a major support level. Technical traders believe
that should gold reach $1215 we may see a sharp but small rise, but if it falls below
and holds, then $1100 gold is in sight. The one thing all traders agree, and as we
have preached for months, is that its still all about the US Dollar and although it did
not change last week, like gold we saw some gyrations and we need to remind ourselves
from time to time, that certainly short term, gold is especially sensitive as it is one
of the first places that traders will go to sell if the greenback rises.
Now at the risk of preaching to the converted or repeating ourselves, we wish to emphasise
again, that the US dollar continues to be one of the strongest currencies in the world
overall, and that continues to weigh upon emerging markets. As one analyst said: “This
in turn can cause a lot of gold selling as emerging markets tend to be much more sensitive
to these moves and will often sell gold to prop up the local currency. Beyond that, gold
is priced in US dollars, so as the US dollar flexes its muscles, it makes sense that we
would continue to see gold struggle.” Silver markets fell again during the week
with the $14.50 level being continually tested. This is a market that has been sold off relentlessly,
as the US dollar has been strengthening. Though we did see silver, albeit for a brief moment,
touch $15, the $14.50 level has been support on a number of occasions, and if prices break
below here, then $14 is the next major support to be encountered.
On the other side of the coin, analysts believe that if that $15 resistance is breached, then
prices will rise rapidly to $15.50 and possibly slowly up to the $17 level. However, this
is exceedingly unlikely unless dollar strength is adversely affected.
So what news is likely to affect gold and silver prices this coming week?
Well Monday is Labor Day holiday, but on Tuesday we shall see a number of reports, including:
Markit manufacturing PMI for August; ISM Manufacturing Index for August
Construction spending for July Motor vehicle sales for August On Wednesday the Trade Deficit for July – which
as we all know is of particular importance to President Trump;
On Thursday Q2 Productivity Q2 Unit labour Costs
Markit Services PMI for August Factory orders for July And on Friday, and arguably most important
of all for the week, Non-Farm payrolls for August and the Unemployment
and average hourly earnings for August. So, we have a packed week of data and reports
all of which can influence traders, the dollar value, and of course important to us all,
the price of gold and silver. We believe the data generally will show that
the US is in quite robust good economic health with unemployment at very low levels and possibly
a small but rising average earnings data. If we are right, then we can foresee a further
dollar strengthening, if only because it makes FED interest rate rises more likely. Of course,
if we are wrong, the opposite will occur. Our general contention though is that the
figures will be good. On that basis, we probably would not recommend
anyone trade the paper markets this week, unless they have a gamblers instinct, but
the purchasing of physical for the long term, and we re-emphasise for the long term, represents
reasonable value at these levels. However, for those who follow him closely Jim Rogers
will still not be purchasing gold until it falls below $1,000 an ounce – is he right?
Will gold fall to that level? It’s even lower than our forecasts. What’ s your opinion? We hope you have found this video interesting
and informative and if so, please give it a thumbs up and share it on twitter. Please
ensure that you have subscribed to our channel and pressed the bell sign so that you are
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updates and offers. 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.

44 Comments

  1. I must admit I was tempted to close the video when you went on about bit coins. I maintain that is one bubble that will burst. Also, I feel it's appropriate to mention that the rise of the GBP due to the EU Brexit negotiation played a significant rise in the Pound. This also helped with Silver and Gold prices as we watched the European markets increase and the Dollar to pound divide.

  2. I don't Know what Illuminati Silver folks net worth is but when a multi-millionaire speak I like to listen. Now acting on the what they say well that's a different story.

  3. The markets are very manipulated. Yes dollar is rising for me it a sign financial regression ( over all debt, companies faur value etc.). Also huge money printing from central banks last 10 years and over flooding the market by stocks ( FAANG ) and bonds buying. Trade war, emerging market situation. Gold and silver are not fare value 2 reasons 1. paper gold and silver and 2. 80% of people dont know 100% what gold and silver really are and also these metals history . So we have to accept the current market and price movement. Yes gold might reach 1031.- and silver 10.90 to 12,-

  4. Is like to know where the $1000.00 gold idea comes from. With all of the political trouble following Trump, a second term is far from certain. That puts the financial strength of America in question given that much of its current run up is due to his tax policy and trade deals. These could be, an undoubtedly would be, quickly reversed by an incoming democrat president. I see a short term dip in gold but the speculators will push it up as the end of Trump’s first term comes close. Plus, it will be interesting to see what happens if the Senate flips in November.

  5. I think with a strong dollar and an even stronger economy growing, why would gold & silver not fall down to lower levers to where gold is below $1000 & Silver is between $10-12 an ounce.. However, with our national debt being where it is at, I see big changes coming for gold, silver, etc. I just hope we don't see it for a while because that's when it will get really ugly out there.

  6. Mr. Rogers is correct in mho. Gold at $1000 to $1100 is a buy. I'm in also. I also think that when the market opens Tuesday 9-4 in the US silver is going to take a good hit. Happy Holiday 🙂

  7. My thoughts are things have been well timed for collapse just after November elections in the US although it is now a nitro glycerine mix and who knows really 😉 God and the end of Jubilee is the only thing tells me next few weeks.
    Jim Rogers has upped his bet . A few months ago he was talking 7 to $800 🙂 Perhaps in a few more it will be $1200 🙂 He is investing in the Ruble so hedging that we will se a gold backed currency and placing some of his wealth away from the high debt laden countries and where there is also high strength within commodities.
    Yes I can foresee possible good reports out of US but not because it is doing well. Due to trade war concerns and readiness pumping up reserves. Also due to the massive share buy backs contributing to a positive GDP as they load the stock market collapse bomb. Nitro glycerine everywhere and a bumpy road 😬😰😱🤯🤯🤯🤯

  8. Well I’m holding for lower on both gold and silver. There is no data to help these price upward. So I will wait. However I am one of the few that see a big bad storm coming soon. This will make 2008 look like a walk in the park. So when? Don’t know. But this economy is a big house of cards.

  9. Usa is running 1 trillion dollar deficit, it will increase to 2 trillion + next year when recession kicks in. Their intrest rate hiking cycle is nearly over. Massive debts and tax cuts have fuelled the economy one last time. This is very bad for the dollar. If the American economy is so good why are the deficits growing. The emerging markets crash will hit the American economy. The dollar strength is fake..the dollar index was 103 in January 2017, now its 95. Gold will crush the dollar next year. I will bet anybody!

  10. On one hand, I would love to buy gold at lower dollar cost. On the other, the local silver shop has no silver in stock.

    It may well end up gold being money of kings, silver of gentlemen, fiat for everyone else, with exchange of fiat for metal no longer possible.

  11. I'm at 750 to buy but too old to get exited abt gold .Jim Rogers never right should have bought at 300 with Howard ruff&i .i sold some at 6-9 hundred enough what I have s free.crazy to buy it back higher .Bernie b said buy low sell hi . .I exchanged for 1/10oz except for st gaudens.shif not sawing up gold .lcs.will be GONE.he told me so . thanks 😎

  12. I see dollar getting stronger, Mexico is in. Canada coming. The German mark crumbling. And silver and gold tanking slowly. Because germans not buying dollars will run to silver and gold. The EU will be in turmoil and a reset is coming. I was at 13 on silver. I now think 9

  13. If Jim Rogers is correct, I will be buying gold at 900, If Jim is wrong, I will still buy metals on the dips…I watch videos in between to pass the time, thanks for the upload.

  14. This coming week may determine whether Gold and Silver separate from the Dollars influence. There was a short sign this week. Can`r ignore the present state of debt and the most unusual presence of the deep state fighting Trump tooth and nail. I have to say we have never seen anything like this before. The News Media is also involved deeply with the Shadow Government that the Democrats set up. They mean America real harm. : (

  15. Gold to $950? I don't think so. I hope so in the short term because that would indicate the party isn't quite over for yielding assets but gold seems to be hugging $1150-$1200 quite stubbornly. There's so little real trust in this bull market and monetary policy in much of the world that I don't think we'll ever see sub $1000 again. These current prices might not be as low as it will go but they aren't expensive. OK Jim Rogers might get a little more upside if he holds off for a while but as an average joe investor I'm not interesting in trying to time the market perfectly. The FED will be looking to crash the US economy (and ,in so doing, the world economy) before the 2020 elections so I want some insurance. I'm comfortable buying at $1200 and $14.50 to maintain my allocation to precious metals. If it falls another 10% I'm not concerned, I'm not into short term trading and speculation.

  16. I have to admit, as the world becomes more and more "virtual". With less and less concern for anything they can hold and touch…I wonder if metals prices will ever appreciate.

  17. Jim Rogers is pretty knowledgeable. I still find it hard to understand how he worked with George Soros! He seems to think there will be another big crash and people will go begging to the FED for help. Then they will come in to rescue everyone and THAT will be the LAST one. The final injection of heroin. After that confidence will be lost and people will turn to Gold. He always says it makes no sense but that is what traditionally happens. I like Jim. He is not perfect but seems to understand history quite well.

  18. Just bought more LTC @ 57.00 USD. Hodling plenty of BTC well in the black. If Au drops to 1000 USD, I’ll buy a few more ounces too. Play these depressed markets folks and buy up. 😊

  19. Love your video reports. Request: could you just get a little closer to the mic? Have my iPad up full volume and have difficulty hearing your words on some of your videos. Thank you. 😄

  20. Gold is a buy near 1150… If it goes further down… B glad and add more…if it does not… B glad u atleast bought some at right price

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