Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 26th March 2017 and we are
commenting on the latest report which shows that Eurozone Businesses are growing at an
accelerating pace. Eurozone businesses grew at the fastest rate
in nearly six years in March, led higher by France and Germany according to the latest
Markit Composite Purchasing Managers’ Index (PMI) published on Friday. The PMI rose to
56.7 from February’s reading of 56. A score above 50 indicates growth.
The report’s authors commented that Europe’s recovery was “surging higher” and that “Job
creation was at its best level for almost a decade.”
The PMI measures companies’ trading activity, giving a good idea of how well the underlying
economy is performing. The report highlighted that the growth was
primarily fuelled by strong performances from France and Germany’s services sectors and
this showed that domestic demand was improving. Of course Greece is a blight on the landscape
and the European economies are not out of the woods yet. However this survey does at
least show an improving trend, which flies in the face of the naysayers who constantly
talk the world economies down. We suspect that interest rate rises will be
considered but certainly not before the forthcoming French Presidential elections, the outcome
of which is far from certain. On the negative side we must not lose sight
that; the Eurozone youth unemployment rate is one in five, and it’s a lot higher than
that in several countries. Also, the Euro economy is supported by the ultra-easy money
policies of the European Central Bank, negative interest rates and quantitative easing.
However an improving job situation and slowly rising inflation removes the fears that persisted
a year or so ago about the negative impacts of deflation. The issue now of course will
be how to continue this improvement and at the same time keep inflation in check.
These are just small paces forward and not a great leap. There are many potential black
swans on the horizon, however, as we have stated since the beginning of this channel
things are never as good as the politicians would have you believe, or as bad as the gold
and silver pumpers forecast. What is important to take note of, is not the underlying figures,
but the trend, and for now, in the US, Europe and much of Asia and many developing nations
the trend is positive – albeit at a much lower level that a few years ago.
The impact on gold and silver prices therefore will be downward pressing against a potential
rising because of political uncertainty and the prospect of military conflicts. One thing
we are confident of however, is that long term silver has a strong future, either because
of an improvement in Industrial usage or as a hedge in line with gold as a monetary metal.
Whilst we see no major surge ahead over the next couple of years, we can foresee gradual
improvement, which quite frankly is great for those who have yet to accumulate more
of the precious metal. 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