Welcome to illuminati silver, we tell you the truth about silver.
Today is Monday 25th December 2017 and we are providing our gold and silver weekly update
for the week ending 22nd December Gold rose $21 last week from $1,254 to $1275
having hit a high of $1,275 and a low of $1,257 In sterling terms gold finished the week at
£953 that’s up £12, and in Euros it closed at 1,073 Euros that’s up 6 Euros on the
week.
Silver rose 33 cents from $16.05 to $16.38 having hit a high of $16.43 and a low of $16.
In sterling terms it closed at £12.25 that’s up 21 pence for the week and in Euros it closed
at 13.79 euros that’s up 0.13 euros.
The Gold to Silver Ratio fell slightly from 78.13:1 to 77.84:1
The Dow Jones closed on Friday at 24,754 down 28 points on the day and up 103 points on
the week, and the NASDAQ closed at 6,959 down 5 points on the day and up 23 points on the
week.
Brent Crude rose $2.02 from $63.23 to $65.25 and US Light Crude rose $1.17 cents from $57.30
to $58.47 The dollar index stands at 93.26 down 0.67
on the week.
Gold and silver both gained some strength last week, primarily because of a slightly
weaker dollar but mainly because of weaker US GDP data announced on Friday at 3.2% as
opposed to the envisaged 3.3% - thereby tempering the prospect for interest rate rises next
year.
Also a relatively thin market meant that prices over reacted a little.
Silver showed similar strength only marginally outpacing gold.
Many see this as a dollar play at the moment and the money appears to be on a weaker dollar,
thereby stronger precious metal prices.
Whilst as we said last week, the start of the year is normally positive for gold and
silver, we still see a degree of consolidation and vacillation for gold between $1200 - $1300
and silver from $15 - $17 for the next few weeks.
We shall next week provide a comprehensive view as to where we see gold and silver prices
heading in 2018 and meanwhile we wish all of our listeners and subscribers a very Merry
Christmas and Prosperous 2018.
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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.