Welcome to illuminati silver, we tell you
the truth about silver. Today is Tuesday 28th August 2018 and we are
producing a very short video today really as a taster for a more lengthy one later in
the week. On the weekend we stated that we would be
commenting early this week on FED’s Chair Jerome Powell’s speech at Jackson Hole last
Friday and its potential impact for gold and silver prices.
We have already noticed one consequence of that speech since then. Today the Dow Jones
has again breached the 26,000 level, standing at 26,064 as we prepare this video, the S&P
500 is just shy of 2,900 and the Nasdaq has risen to 8,030
What is also interesting is that analysts at Bank of America Merrill Lynch have gone
on the record stating that ‘this bull market’s journey may not be over yet’ -something
we have been stating for some considerable time. The U.S. market’s relative strength
against the rest of the world is another point in its favour with the daily global advance-decline
line of 73 country indexes showing signs of topping out. In previous incidences, when
global breadth weakened, the U.S. tended to outperform foreign markets.
Fundamentally, U.S. stocks may have robust financial performance to thank for their fortitude.
With 86% of S&P 500 companies having reported quarterly results, second-quarter earnings
are up more than 24% year-over-year while sales grew more than 9%.
With gold down today by $9 to $1,201 and silver by 18 cents to $14.71 any further strengthening
of these markets will again attract investors to stocks as opposed to precious metal commodities.
For those who believe the bull market is over for equities had better think again and we
shall be laying out our argument and views on Thursday. In addition, some of President
Trump’s negotiations are beginning to pay off in some quarters, so don’t as yet head
for the hills with your sacks of gold and silver as we may have a little time for further
prepping ahead. Also, announced today, U.S. consumer confidence
surged to near an 18-year high in August, as households remained upbeat on the labour
market, pointing to strong consumer spending that should help to sustain the economy for
the remainder of the year. All of this adds to the good news and therefore excitement
in the city – we think it may be a sign of concern but not for a couple of months.
So please look out for our video on Thursday we are desperately trying not to make it too
technical but to at least put forward a strong argument while we believe there is a further
leg down for precious metal prices soon and a further leg up for the equity markets.
We hope you have found this video interesting and informative and if so, please give it
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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