Gold and Silver Update w/e 6th May 2016 by illuminati silver

Welcome to illuminati silver, we tell you
the truth about silver. Today is Saturday 7th May 2016 and we are
providing our gold and silver update for week ending 6th May
Gold fell in US dollar terms last week by $5 from $1293 to $1288 an oz, having reached
a high of almost $1302 and a low of $1271. In sterling terms gold rose by £7 and in
Euro’s it fell by 0.22 Euros Silver fell by 38 cents from $17.85 to $17.47,
having reached a high of $17.95 and a low of $17.20. In sterling terms it fell 11 pence,
and in Euros it fell by 0.28 Euros. The Gold to Silver Ratio rose from 72.44:1 to 73.76:1
The Dow Jones closed on Friday at 17,740 up 79 points on the day and down 33 points on
the week, and the NASDAQ closed at 4,736 up 19 for the day and down 39 points on the week.
Brent Crude was down 55 cents at $45.37 and US Light Crude was down $2.71 at $44.66. The
dollar index stands at 93.88 that’s up 0.80 on the week.
With gold and silver dipping mid-week and then recovering somewhat on Friday, mainly
the result of the disappointing US Non-Farm Payrolls Report showing some 160,000 new jobs
created as opposed to the forecast 202,000. This now practically eliminates any rate rise
in June and indeed puts off such a potential rise until later in the year.
This is indeed positive for gold and silver with gold expected to breach the $1300 level
and silver the $18 level quite soon. Tomorrow we shall be publishing our video
on the Silver Institutes Report – the World Silver Survey 2016 and what we believe to
be the consequences from the information it contains.
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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
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9 thoughts on “Gold and Silver Update w/e 6th May 2016 by illuminati silver

  1. Gold seems to be holding up against all corrections and pull-backs. If it can continue like this for the whole summer, which is usually a time of weakness for gold, I will take that to be a bullish signal. Do you have any opinions on whether gold miners are now fully priced, or is that rocket still taking off?

  2. until the Shanghai exchange grows a bigger market share and respect , this manipulation will be on going for a while yet …thx for your reporting .

  3. So far my only consequence has been selling too early on my Gold Mining stock, realized positive 32 % when I could have done 81 % .

    I'm beginning to think the only consequence would be NOT investing in PM's,however it has to be done with a great deal of rational thinking and careful astute maneuvers.

    Thiese are exciting times !

    Thank you again


  4. the funny thing about speculation is it is just that. they already did 30% for the year. I do not see 1400 gold or $20.00 silver.

  5. If you go to the website, in the lower right-hand corner, it shows the price of Gold and Silver compared to the M2 money supply. They show Gold price of $7,031 and Silver price of $780.26. Also, something to consider is that the net short positions in God and Silver for the Commercials is at all time highs.

  6. And then you have the US economy, which by all measures, is in recession. However, to protect Obama, they will not announce that the US is in recession until he leaves office. When QE 4 is launched, along with negative interest rates, you will likely see a run on the Comex and LBMA vaults. Buckle in, the next few years are gonna be something.

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