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Gold and Silver Update w/e 29th April 2016 - by illuminati silver
Today is Sunday 1st May 2016 and we are providing our gold and silver update for week ending 29th April.
Gold rose in US dollar terms last week by $66 from $1227 to $1293 an oz, rising continuously from its starting level and completing the week at its high. In sterling terms gold rose by £33 and in Euro’s it rose by 36 Euros.
Silver rose by 89 cents from $16.96 to $17.85, having reached a high of $17.89 and a momentary low of $16.25. In sterling terms it rose 44 pence, and in Euros it rose by 0.49 Euros. The Gold to Silver Ratio rose from 72.35:1 to 72.44:1
The Dow Jones closed on Friday at 17,773 down 57 points on the day and down 230 points on the week, and the NASDAQ closed at 4,775 down 30 for the day and down 131 points on the week.
Brent Crude was up 80 cents at $45.92 and US Light Crude was up $3.64 at $47.37. The dollar index stands at 93.08 that’s down 2.04 on the week.
We have said in earlier reports that should silver rise above $17.50 and gold hit the $1300 level, then this should be seen as a continuation of the bull trend. Silver has indeed done this and gold is so close to the $1300 level, it may indeed surpass it this week.
The dollar decline has moved further than we anticipated, especially bearing in mind the negative interest rates which the rest of the World are dabbling with, and this has also had a profound impact on gold and silver prices last week.
The short term trend remains bullish and paper traders are indeed likely to push prices higher short term. With turbulence in currency markets, Trump likely to win the Republican nomination, thereby likely to spook markets further, the FED content to allow the dollar to fall by maintaining its dovish comments our view is to buy on dips and there may indeed be some mileage left for both gold and silver to rise.
Please view our latest videos:
Donald Trump sweeps all 5 States and declares himself the presumptive nominee
https://youtu.be/k9W4QiG7_5s
Is it time tax Loopholes for the Super Rich were closed?
https://youtu.be/mvN92ph2f_U
Gold and Silver Update w/e 22nd April 2016 by illuminati silver
https://youtu.be/56dv-GVPUXY
Donald Trump wins New York with a landslide
https://youtu.be/Xb4snZdzw00
Does the number of HSBC Lawsuits put Deutsche Bank’s corruption to shame?
https://youtu.be/K23vwm7F6OI
Is Deutsche Bank a Criminal Bank rotten to the core?
https://youtu.be/_ZU8MzZpEF4
Gold and Silver Update w/e 15th April 2016 - by illuminati silver
https://youtu.be/x7RD7Wu3nMc
China, Hong Kong, Washington, Frankfurt - illuminati silver update
https://youtu.be/ijMt3cb1b7A
Will President Trump sell off all US assets to repay the National Debt?
https://youtu.be/5qJwMwCSc58
Gold and Silver Update w/e 8th April 2016 - by illuminati silver
https://youtu.be/XoTgZZFpMJQ
How negative Interest rates can be good for gold prices
https://youtu.be/YgKMPg7ksB4
Trump Loses Wisconsin to Cruz – Does this mark the end of his race to the White House?
https://youtu.be/70uJjq8AB78
Mossack Fonseca Leaks – Deliberate to Frame President Putin according to Russian Officials
https://youtu.be/ooEPorqIFBc
Secret Tax Haven Accounts Revealed in Panama Bank Mossack Fonseca leak
https://youtu.be/E6Wx7EwpAN4
Gold and Silver Update w/e 1st April 2016 - by illuminati silver
https://youtu.be/ooJQPnMdPKw 
