Welcome to illuminati silver, we tell you
the truth about silver. Today is Monday 9th January 2017 and we were
in the process of completing a video on Bitcoin until we saw this following headline on ZeroHedge:
“Crude Crushed, Dollar Dumps As Bonds & Bullion Bounce” by Tyler Durden today.
“Crude Crushed, Dollar Dumps As Bonds & Bullion Bounce”
Sorry we just had to stop and call this for what it really is as we did with Silver Doctors
telling everyone that silver eagles were no longer available from the US Mint quite a
few weeks before Christmas, when the Mint confirmed that they were available. We produced
a video highlighting this on 22nd November under the heading – ‘Have 2016 Silver
Eagles really sold out?’ where we debunked their story.
So let’s dissect this headline and analyse it a little closer:
Crude Crushed. Crude prices did fall today Brent Crude fell 4.03% to $54.80 and WTI Crude
fell 4.07% to $51.79 this is quite a sizeable fall but a crush it certainly isn’t especially
as Crude has only recently entered $50 territory having rested for some time in the $30 – $40
range. Dollar Dumps – mmmm the Dollar index is
101.95 down 0.27 or a quarter of one percent but still considerably higher than it was
a couple of months ago and less than 2 points off its recent high. So this represents a
dump? – interesting. As Bonds and Bullion Bounce. Yes but what
they don’t say about bonds is that, and wait for it, Banks have flooded the market
with debt in the first days of the New Year, propelling a record pace of bond sales as
companies seek to lock in borrowing costs before interest rates rise further.
Yes before interest rates rise further. So the market is expecting higher rates so how
is that going to be good for bullion prices? Oh which have also bounced. Well since the
start of the year in US dollar terms Gold is up $30 or 2.5% and silver is up 63 cents
or 3.8%. A nice rise but hardly a significant bounce and certainly not commensurate with
what some could regard as a somewhat deceiving headline just to gain attention.
So to put it in perspective when these pumpers tell you Crude Crushed, Dollar Dumps as Bonds
and Bullion Bounce before you run out and panic buy all those precious metals before
they go to the moon, as they clearly wish you to do with such a headline, just take
a little closer look at what is actually happening. 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
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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