Gold and Silver Update – w/e 27th January 2017

Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 29th January 2017 and we are
providing our gold and silver weekly update for the week ending 27th January.
Firstly we wish to apologise to all of our listeners as we were without both broadband
and our computer system for most of the week which is why no videos were produced. In addition,
we have had to change our web designer for the Inner Sanctum which has caused some considerable
time allocation and has slightly delayed our launch which we shall apprise you of in another
video – also we want the Inner Sanctum to be a very worthwhile experience for you and
we want it just right, so please be a little patient with us, as we feel it will be well
worth the wait. Meanwhile; Gold fell in US dollar terms last week by
$18 from $1209 to $1191, having hit a high of $1219 and a low of $1180. In sterling terms
gold finished the week at £949 that’s down £28, and in Euros it closed at 1113 Euros
that’s down 13 Euros on the week. Silver rose by 7 cents from $17.07 to $17.14
having reached a high of $17.29 and a low of $16.64. In sterling terms it closed at
£13.66 that’s down 14 pence for the week and in Euros it closed at 16.02 euros that’s
up 0.08 Euros. The Gold to Silver Ratio fell from 70.82:1
to 69.49:1 The Dow Jones closed on Friday at 20,093 down
7 points on the day and up 266 points on the week, and the NASDAQ closed at 5660 up 5 points
on the day and up 105 points on the week. Brent Crude was up just 3 cents at $55.52
and US Light Crude was down just 5 cents at $53.17
The dollar index stands at 100.53 that’s down 0.21 on the week.
Last week we stated that precious metal prices would fluctuate but would likely end up down
at the end of the week. This was certainly the case with gold, however silver held its
own, by a sharp rise on Friday wiping out the week’s losses.
Gold futures posted the longest streak of losses since November as buying from China
stopped ahead of its week-long holiday to celebrate the Lunar New Year.
The metal pared earlier losses Friday which were caused originally by the Dow exceeding
20,000, after a report showed U.S. economic growth slowed more than forecast last quarter
on the biggest drag from trade in six years and more moderate consumer spending.
Interestingly volatility measured by the VIX index dived to levels unseen in more than
two years and the S&P 500 Index climbed to fresh records, the number of bearish bets
changing hands relative to bullish ones has fallen to the lowest level since 2009, according
to data compiled by Bloomberg. U.S. Gross Domestic Product grew an annualized
1.9% during the fourth quarter of 2016. This was below the 2.1% forecast. U.S. Durable
Goods fell 0.4%, well below the 2.7% estimate, but better than the -4.5% reported last month.
Both reports raise questions about the Fed’s ability to raise interest rates without negatively
affecting the economy. The situation vis-à-vis Trump’s desire
to have a weaker dollar to help exports and the FED’s desire to raise interest rates
is making predictions for gold and silver prices particularly difficult. We may even
witness a falling dollar but a higher interest rate scenario with gold actually falling as
opposed to rising against dollar weakness. The Silver markets broke out during the day
on Friday by some 40 cents , but ran into quite a bit of resistance above the $17 level.
Technical analysts believe that should prices rise above $17.30 then Silver markets could
go much higher. Alternately, if we breakdown below the $16.50 level, Silver markets could
drop significantly from that level. Either way, it’s going to be a very volatile market.
Commentators have now begun to quote what we have said for a long time. Trump’s tweets
have an influence on market direction. His conflicting tweets vs public announcements
confuse these markets and therefore the uncertainty causes a high degree of volatility.
It is still our contention, at least for now, that gold markets will remain subdued, and
the silver market will perform better than gold short term, however both could do well
if President Trump achieves creating a Trade war with China or Mexico or threatens to take
Iraq’s oil as is currently muted. This next week will be directed by what happens
when markets open tomorrow; we are continuing to sit on our hands, but as far as silver
is concerned, any weakness in price may provide a small buying opportunity.
All eyes will be on Friday’s Non-Farm Payroll Report and any further legislative plans announced
by President Trump. 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
its owners.

29 thoughts on “Gold and Silver Update – w/e 27th January 2017

  1. Glad you fellers got yer newfangled 'lectronical porn' surfin' box back up an' runnin' again. d;o)

    Is it just me, or does it seem that most Fridays, silver does seem to spike upwards lately? It's almost like they don't want people to take advantage of the weekend as a longer time to consider buying options at a fixed, and lower, price?

    External link already made:

  2. Certainly exciting times ahead. Watching PMs like a hawk and am ready to swoop in and buy at just the right moment.

  3. Do you ex bankers here think Trump is going to get his way with a weaker U.S. DOLLAR? What good does it do to have a weaker dollar? How far down should the dollar go to have a positive effect on the U.S. economy?

  4. Glad you guys are ok ! Exciting times , to be a stacker in this time of history ! Look sharp ,we might not get chances like this ever .

  5. There you are! I wondered what had happened, as it's not like you to go an entire week without a video. Please let me know when your site is up and running as you planned it. Much thanks!

  6. If silver gets over 17.35, it will fly! Metals and miners look pretty bullish in my opinion. This week or next will see significant move… up.

  7. I started to think you were red flagged as "Fake News" and yanked off of You Tube! Just kidding… Happy your back and missed you while you were gone.

  8. Glad your back, started getting withdrawal symptoms and worried about you guys. Thanks for the update. See one of the silver enemies Deutsche Bank is about to report a massive loss. Shame. But hold on to protect themselves a report has come out from "analysts" that it is only short term and will be back in profit this year. Guess that means more rigging is on the way and overstated euro zone recovery. Just like ESM saying Greek public debt is manageable. In what universe!
    We are very lucky (UK) here we don't owe money to ECB as now it is confirmed debt to them has to be repaid before a country can leave the block thus trapping most of them. Very sneeky, load them up and take there freedom. But what would happen to that debt should the EU collapse. Would like to hear your theory on this if possible.
    Good luck on the relaunch.

  9. I wish trump would stop tweeting and sending out his spokespeople and talk to the press about what he is doing. Would help keep the markers calm. Now all hell breaking loose do to the immigration ban. Why didn't he give advance notice of what he was going to do to give agencies and airports a chance to prepare. I feel some market volatility coming on.

  10. Glad you're well…. we have no doubt the "Inner Sanctum" experience will be worth our patience. Exciting times indeed…

  11. We will see the "truth" at the end of February: " expect them to fall by 5% – 10% by the end of February if not sooner."
    gold: 1921,22*10% – =1072,08 —- silver: 17,14 *10% – =15,426.

  12. I'm still focused on semi numismatics. Both gold and silver will have to drop a lot before I get back into bullion. Thanks again for another informative video, IS.

  13. 'The times' we are in now, are confusing & perplexing…  It's  so  good  to  have  you  guys  to  refer  to  regarding  world   events  etcetera.                               Thank you,  B.V.B.

  14. Hmmm.. I am confused. I thought IS was of the position that AG had a good-sized drop to go in qtr1 before stabilizing for the year. This report seems to indicate that AG is bottom bouncing at THIS price and offers a good value. My current intuition is that AG sellers are pricing in higher future prices, as premiums have gone up.

  15. I'm waiting on the physical buy in AG,the last buy was at 16 and one dollar moves don't pencil in anymore for bullion for me.i will do gold sub 1200 one oz carefully at times,mainly holding cash.

  16. the uncertainty in the trump admin you prompted 4 months ago may be manifesting,when it comes to physical buying I've learned that the road is long

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