Gold and Silver Update w/e 10th June 2016 – by illuminati silver

Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 12th June 2016 and we are
providing our gold and silver update for the week ending 10th June.
Gold rose in US dollar terms last week by $30 from $1244 to $1274 an oz. having hit
a high of $1277 and a low of $1235. In sterling terms gold rose by £36 and in Euro’s it
rose by 37 Euros Silver rose by 93 cents from $16.41 to $17.34
having reached a high of $17.37 and a low of $16.21. In sterling terms it rose by 85
pence, and in Euros it rose by 0.97 Euros. The Gold to Silver Ratio fell from 75.8:1
to 73.4:1 The Dow Jones closed on Friday at 17,865 down
119 points on the day but up 58 points on the week, and the NASDAQ closed at 4894 down
64 for the day and down 48 points on the week. Brent Crude was up 90 cents at $50.54 and
US Light Crude was up 45 cents at $49.07. The dollar index stands at 94.57 that’s
up 0.54 on the week. Safe haven buying helped drive August Comex
Gold to a three-week high on Friday, putting it on track for a second straight weekly rise.
The initial catalysts behind the rally were the weaker-than-expected U.S. Non-Farm Payrolls
report on June 3 and dovish comments from Fed Chair Janet Yellen early last week, which
dimmed hopes for an imminent rise in U.S. interest rates.
Prices were also supported and driven higher by worries over Britain’s June 23 referendum
which will decide whether the UK remains a member of the European Union or leaves. This
factor may continue to support gold over the next two weeks. If the Fed refrains from raising
rates in June, which we believe it will, and strongly hints that a July rate hike is off
the table too, then that should support gold, also because the dollar would weaken.
Silver markets broke higher during the course of the week, clearing the top of the hammer
we mentioned from the previous week. This market looks as if it is reaching towards
the $18 level, and it would not be a surprise if it did actually touch that level.
We in our last report stated that the past week would give us an indication of market
trend and response to the poor US employment data as well as the build up to the Brexit
vote which is now less than 2 weeks away. The uncertainty over Brexit will undoubtedly
keep gold bubbling away certainly in sterling and Euro terms as both are likely to fall
should a Brexit actually occur. What is interesting is that the price of gold
and silver rose, and so did the dollar index which is just a point short of that 95 level
we believe the authorities wish to keep the dollar just below. We can therefore envisage
the next 2 weeks being stronger for gold and silver benefitting on the back of it. Therefore
we may indeed see new yearly highs for the metals, though we have to admit that there
is considerable resistance just above the $1300 level for gold and the $18 level for
silver. 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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subscribe as a free member for regular email updates and offers. Our Facebook page which
is updated daily can be found at 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.

11 thoughts on “Gold and Silver Update w/e 10th June 2016 – by illuminati silver

  1. Ive been buying gold for weeks now. I found a business owner who has cash flow problems ……. he's been selling it to me under spot Canadian maples maybe I should buy the rest of his stash Im buying at or near 1100 and change as always thanks for your time ……….Trump……..

  2. Hey I.S. G'day again! Been a subscriber since 15th Dec both here and website as well, but different id and email address there (aka "Z") so can't exactly comment here and have it register with you as being connected with my interest in upgrading membership? Your last email rec'd 24th May. Did I miss some announcements?

  3. I hope silver & gold stay at its current level (whatever it is) for 10 to 15 years.  This way it can establish itself as a means of dependable trade as opposed to a volatile asset that most don't want touch & is just being used as a drug for the short & long game.

  4. Hello Mr Illuminati, Hope you are well. Can you explain the Gold and silver to dollar ratio featured on the US Debt clock. when and why it is now a included. What does it mean?

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