Gold and Silver weekly Update – w/e 9th February 2018

Gold and Silver weekly Update – w/e 9th February 2018


Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 11th February 2018 and we
are providing our gold and silver weekly update for the week ending 9th February 2018.
Gold fell $17 from $1,333 to $1,316 having hit a high of $1,345 and a low of $1,307.
In sterling terms gold finished the week at £951 that’s up £7, and in Euros it closed
at 1,074 Euros that’s up 4 Euros on the week.
Silver fell 24 cents from $16.60 to $16.36 having hit a high of $16.95 and a low of $16.19.
In sterling terms it closed at £11.83 that’s up 7 pence and in Euros it closed at 13.36
euros that’s up 0.03 euros. The Gold to Silver Ratio rose from 80.30:1
to 80.40:1 The Dow Jones closed on Friday at 24,190 up
330 points on the day and down 1,330 points on the week, and the NASDAQ closed at 6,874
up 97 points on the day and down 366 points on the week.
Brent Crude fell $5.79 from $68.58 to $62.79 and US Light Crude fell $6.25 cents from $65.45
to $59.20 The dollar index stands at 90.44 that’s
up 1.25 on the week. Gold began last week slightly stronger and
then slid ever since; with a stronger dollar proving negative for the precious metal. As
we pointed out in our last report, if gold should fall below $1329 then it may indeed
slide towards the $1300 level and possibly into the late to mid$1200’s and we still
expect this to happen over the coming 2 – 3 weeks.
In deed with the stockmarket taking a substantial fall over the past 2 weeks, this should have
proven positive for gold, but as a number of analysts pointed out, in fact investors
sold gold to pay the margin calls on stocks as they believe that stocks will continue
to venture higher. We shall have to wait and see, but should gold fall below $1300, which
we believe it will, it shall provide a nice buying opportunity once again.
Silver prices on technical grounds are looking quite weak and do not be surprised to see
its price fall below $16 and head towards $15.50 quite soon. We personally welcome this
because this is the level we believe silver should actually be at, and should it fall
even lower then it will create an excellent buying opportunity.
Part 1 of our annual forecast will be out on Tuesday followed by part 2 on Thursday.
Sorry for the extended delay, we had a few data issues which we needed to clarify before
publication. 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
visit our website at illuminatisilver.com and if you haven’t already done so please
subscribe as a free member for regular email updates and offers.
Our Facebook page which is updated regularly can be found at facebook.com/illuminatisilver
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. The regular shills are out again buy now its going to the moon. Its going to the just not today. I like your Analysis even if its not always what you want to hear. TWO THUMBS UP!!

  2. Monday should help tell quiet a bit, by midweek the global market trends might reflect the future direction. Anticipated for the annual forecast parts. 🙂

  3. Is it just me , when I.S talks my volume is all the way up and is hard to hear what he is saying hearing wise, at the end part the volume is cranked up, be nice if the volume is a tad higher to hear clearer then replaying.

  4. Can't tell the future. Can try to forecast and then make a call to add to the stack or not add to the stack. I'll be adding to the stack next weekend and hoping for a lower spo price.

  5. Thanks IS. I have puts on GLD that have worked nicely. If GLD hits 1300, or breaks below it, I will take profits and buy some coinage.

  6. "Part 1 of our annual forecast will be out on Tuesday followed by part 2 on Thursday." – Where are the forecasts? Guys , I like your analyses but if you cannot keep dates it doesn't build confidence. Great work in general though! A+ on your insights.

  7. Looking for yearly forecast. Enjoyed your videos for past 18 months. Must say last 2 months your price forecast is entirely erroneous. You missed the inflation flare coming up and pushing Gold higher. Would be good to hear your thoughts. Thanks again for your time and efforts put in all these videos and estimates.

Leave a Reply

Your email address will not be published.


*