Gold and Silver Update w/e 15th July 2016 – by illuminati silver

Welcome to illuminati silver, we tell you
the truth about silver. Today is Monday 18th July 2016 and we are
providing our gold and silver update for the week ending 15th July. We apologise for the
delay in the report as we have literally just come back from South Africa from a business
tour and so have fallen slightly behind in our videos and comments.
Gold fell in US dollar terms last week by $29 from $1366 to $1337, having hit a high
of $1375 and a low of $1267. In sterling terms gold finished the week at £1014 down £41
and in Euros it closed at 1212 Euros that’s down 25 Euros on the week.
Silver fell by just 5 cents from $20.28 to $20.23 having reached a high of $20.67 and
a low of $19.91. In sterling terms it closed at £15.34 that’s down 32 pence for the
week and in Euros down just 0.02 Euros at 18.33 Euros per ounce. The Gold to Silver
Ratio fell slightly from 67.3:1 to 66.09:1 The Dow Jones closed on Friday at 18,516 up
10 points on the day and up 370 points on the week, and the NASDAQ closed at 5029 that’s
down 4 for the day, and up 73 points on the week. Brent Crude was up 85 cents at $47.61
and US Light Crude was up 54 cents at $45.95. The dollar index stands at 96.58 that’s
up 0.28 on the week. This week we see some consolidation entering
the marketplace after what can only be described as some considerable rises. We envisage gold
falling back to just above the $1300 level and silver below $20 to perhaps mid $19 level.
We plan on providing a more detailed report at the end of this week, as we are now in
the second 6 monthly period for the year, where we see some considerable volatility
occurring including higher prices. 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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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.

10 thoughts on “Gold and Silver Update w/e 15th July 2016 – by illuminati silver

  1. Gold has hit the .382 retracement of the 2011 top, at around $1375. Silver on the other hand has more potential upside, with a .382 retracement of about $27.50. After those levels are taken out, we can probably expect a bit more resistance. Gold has been punching through air so far, but it will be interesting to see where its momentum can take it.

  2. Hello IS. In your opinion, do you believe general price inflation trends have changed from negative to positive since the beginning of this year? If so, would such a trend change provide continued upward momentum to the gold price? The decline in the gold to silver ratio would (prima facie) indicate the general price inflation trend is on the rise and therefore provide a positive outlook for the gold price. In summary, given what we have witnessed so far this calendar year, do you believe gold has now entered a new bull market (as many commentators suggest) or still within a bear market with recent price rises merely a "correction" within that market?

  3. $1300 an oz is support until broken. Definitely smart to play the volatility when the next leg up begins. Wouldn't be surprised to see gold and stocks going up at the same time as we have a melt up to 2300 for the S&P.

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