Welcome to illuminati silver, we tell you the truth about silver.
Today is Tuesday 11th September 2018 and we are addressing the fact that silver has fallen
below $14. We were going to release Is Gold Money part
2 yesterday but were called away as we received news that silver was going to fall imminently
and we spent yesterday investigating it. So we shall publish Is Gold Money Part 2 tomorrow
but wish to address todays fall in the silver price.
As we produce this video silver stands at $14.08 having dipped earlier to $13.96. Well
it rebounded pretty quickly off that level but this is the important thing to note, and
the reason for our distraction yesterday – the dollar index stands at 95.19 up just 0.07
on the day. So it hasn’t moved much to affect the silver prices lower. However, it is deemed
by investors, even at this level, to be a strong buy. Yes you’ve heard it, a strong
buy for the US dollar even at this level. Forget all of those doom merchants who are
still stating the dollar is at the precipice, it is not. Equally the Dow has just again
passed through the 26,000 level and we are being told to expect 27,000 Dow very soon.
The elections in November are not far away and for the moment the polls are showing a
Democrat victory for the Congress. Not withstanding this, there are a number of factors which
will still serve to push the Dow and the Dollar higher before we get to that stage.
In addition there are movements in the Emerging markets which are going to be revealed very
shortly which will cause a further outpouring of funds into the US dollar and the strong
employment data and production figures make an interest rate rise likely, though if the
dollar strengthens further from here before that announcement, the FED may very well hold
off and raise rates the following month – though our money at the moment is that it wishes
to maintain a strong dollar and would not mind short term if it strengthened even further.
The important thing for investors to watch is whether there is enough interest in silver
at this level to prevent it falling further in price. Our view, and this is based on our
calculations and not our gut feel, though where politics can affect momentum, its not
always a precise science, but our educated and calculated view Is that we shall shortly
see $13.50 silver. Now for us to state that in a month when silver normally rises is quite
a profound statement, however, we are quietly confident, that as long as the President doesn’t
launch a military attack in the interim, then we shall be correct.
Now for most of you who are long term stackers it frankly does not make any difference if
silver is $14 or $13.50 – 50 cents is unimportant. We are just a little cautious, in that despite
all of the political turmoil, the momentum is still down on precious metals and this
is further assisted by President Trump and Kim Jong-un potentially agreeing to another
meeting. If we are right and silver does fall below
$14 and moves towards $13.50 in a month that is traditionally strong, then do not be surprised
to see silver quickly fall to $13 thereafter, as momentum paper trading may cause that fall.
We are not there yet but we have predicted for the past year that we shall see $13 silver
and we have, albeit briefly today, and we are expecting it to stay here for
a while, though we are expecting a short term bounce back.
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.