Welcome to illuminati silver, we tell you the truth about silver.
Today is Sunday 21st January 2018 and we are providing our gold and silver weekly update
for the week ending 19th January.
Gold fell $4 last week from $1,335 to $1,331 having hit a high of $1,344 and a low of $1,324.
In sterling terms gold finished the week at £961 down £11, and in Euros it closed at
1,089 Euros that’s down 5 Euros on the week.
Silver fell 23 cents from $17.26 to $17.03 having hit a high of $17.43 and a low of $16.93.
In sterling terms it closed at £12.29 that’s down 21 pence for the week and in Euros it
closed at 13.94 euros that’s down 0.20 euros.
The Gold to Silver Ratio rose from 77.34:1 to 78.16:1
The Dow Jones closed on Friday at 26,071 up 53 points on the day and up 268 points on
the week, and the NASDAQ closed at 7,336 up 40 points on the day and up 75 points on the
week.
Brent Crude fell $1.26 from $69.87 to $68.61 and US Light Crude fell 93 cents from $64.30
to $63.37 The dollar index stands at 90.57 that’s
down 0.40 on the week.
Gold prices fluctuated last week, rising on Friday possibly on the back of monies coming
out of bitcoin transferring to gold.
A number of technical analysts believe gold is starting to cross over in the overbought
part of the stochastic oscillator.
So pull backs to $1300 are quite likely short term.
Silver moved similarly to gold again, perhaps with a slightly more negative bias – which
is why the GSR rose for the second week.
The general consensus is price vacillation between $15.50 at the low end and $18.50 at
the high end during the next couple of months and frankly we wouldn’t disagree.
The Dow breached the 26,000 level as we predicted and the dollar weakened yet further.
The US Government shut down is likely to prove negative for the dollar and positive for precious
metals, so we envisage a rise at the start of the week to fall back again when the shut-down
is reversed.
Short of a military intervention, we really cannot foresee any immediate catalyst for
a major move upwards in precious metals for the next few weeks.
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.