Gold and Silver weekly Update – w/e 5th January 2018

Gold and Silver weekly Update – w/e 5th January 2018


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 7th January 2018 and we are
providing our gold and silver weekly update for the week ending 5th January.
Gold rose $17 last week from $1,302 to $1,319 having hit a high of $1,327 and a low of $1,302.
In sterling terms gold finished the week at £972 that’s up £8, and in Euros it closed
at 1,096 Euros that’s up 11 Euros on the week.
Silver rose 28 cents from $16.95 to $17.23 having hit a high of $17.28 and a low of $16.95.
In sterling terms it closed at £12.70 that’s up 16 pence for the week and in Euros it closed
at 14.32 euros that’s up 0.20 euros. The Gold to Silver Ratio fell from 76.81:1
to 76.55:1 The Dow Jones closed on Friday at 25, 295
up 220 points on the day and up 576 points on the week, and the NASDAQ closed at 7.136
up 58 points on the day and up 233 points on the week.
Brent Crude rose 75 cents from $66.87 to $67.62 and US Light Crude rose $1.02 from $60.42
to $61.44 The dollar index stands at 91.95 down 0.17
on the week. Gold prices rallied last week beginning with
strong buying, but prices consolidated towards the end as investors reacted to a stabilizing
U.S. Dollar. The catalyst behind this was upbeat U.S. economic data and hawkish Fed
minutes, which basically puts a small cap on the rise in the price of gold.
The FED has already suggested that there will be 3 interest rate rises this year, though
the employment figures announced on Friday were somewhat disappointing especially when
compared with Novembers. We still maintain a bullish undertone for January but we are
not expecting a rip-roaring advancement as witnessed at the beginning of previous years.
Silver prices moved similarly to gold but remaining above $17 is short term bullish.
Many analysts predict a rise up to $18.50 at which point they envisage significant resistance
and then a small reversal in prices. Silver is looking, at least for now, pretty well
fully priced in, in our view, save perhaps up to $1 – we are not necessarily expecting
a rise above $18 though prices may indeed come close to that figure.
The one thing for certain is that stock markets are rip-roaring ahead, easily surpassing the
Dow 25,000 level as we predicted, on the back of major corporate tax cuts and reductions
in restrictive regulations. We still believe the Dow has further to rise but frankly expect
a reversal as the Autumn US elections dawn upon us.
Meanwhile as far as gold and silver is concerned, we would accumulate on dips but not chase
prices at this stage. We hope you have found this video interesting
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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.

13 Comments

  1. Thanks IS. All of a sudden virtually all the YT gold chartists are claiming an inverse head and shoulders formation in the chart. I disagree and think USD gains a bit of strength and gold falls a bit.

  2. The Silver price seems to be stable above $15.50 for quite a while. I haven't purchased Silver in over a year now, having bought heavily when it was under $13.00. Should it fall under 13 again, I'll do the same again.

    Please could you tell me:- If it does break through the $18.50 will that indicate a strong bull-run?

  3. Why only weekly updates recently? I miss your commentary on PM content. When will the Inner Sanctum be ready? I miss this channel.

  4. Thanks. My conviction to PMs has been encouraged in a very objective way today. I paid cash into my bank at their branch and was told it will not clear for 3 days. Fiat=control.

  5. I would like to know what ye think the Petro-yuan contract that will be launched on January 18 will have for the price of gold.
    Will it be the final nail in the petro-dollar system or is it just a lot of hype over nothing?

  6. I always make my guesses about S & G prices based on the concept of who is going to benefited or screwed since they are commodities with silver being firmly in the commodity category and gold somewhat. Remember there are Trillions upon trillions of assets monetized in US Dollars and trillions in print.

    Right now the war is on several fronts politically with the Petro dollar which with Saudi Arabia saying it is trying to move away from oil as its main product and America having sunk a bunch of QE money in now capped wells when oil was well above $100 a barrel the outlook for the Petro dollar is grim. Americas financial hegemony is coming to an end with China looking to be much more stable going forward. They ( everyone other than the USA) have figured it out. They don't actually need us.

    It may be ironic that Americas greatest old asset, farmland, may be one of the few tangible assets it has that can't to be duplicated by technology. China and Afghanistan have rare earth elements, Africa has gemstones and gold and other metals, Several countries have their own oil and farmland, and some places like S. America have multiple growing seasons per year when a good portion of America is shut down for the winter except measly greenhouse farming.

    With all that said here is why I am encouraged, from merely a conscientious observer stand point for gold and not silver.

    Bitcoin and other crypt currencies are currently being tested for their ability to be USED by banks to continue their siphoning of wealth of the entire world. The Bitcoin price right now might be nothing more than a version of the sub prime pump and dump used to destroy trillions in made up fake assets that were on the books and intentially tied up in intentionally toxic mortgages with ARMs as the trigger mechanism. Decades of fake earning statements sent to Baby Boomers and others were flushed down that hole but it wasn't even close to all the fraud still on the books.

    Fraud so massive that all of the above ground gold thought to exist wouldn't cover the interest payments on it at $2000 an ounce. So youbtake Bitcoin which is totally imaginary and use it as your toilet. They are going to stuff that toilet until they can't stuff it no more and then flush it just like they did the mortgage backed securities.

    Silver if it runs will only be among the small guys. There isn't enough money in silver at 3 times the price to cover squat and is useless as a con. Gold also is useless as a con but as possibly the backing for another currency gold is still alive so what they need to do is pump it up again and crash it again to put a stake through its heart once and for all along with cryptos perhaps.

    In other words there may be one more opportunity to sell your gold at a profit before the Millennials take control and force everyone to see what most already know. Gold is a metal. Period. Silver is a metal. Period. And while the wizbang golly gee tech craze with phones smarter than laptops and every show and information database became accessible to most everyone and momentarily displaced gold and silver in value the damage is already done and phones and tablets are getting cheap and looking for the next big trillion dollar fad is floundering as we speak.

    The awakening as the Millennials call it will change the world in the next 20 years and "things" and the money they suck up are on their way out.

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