Today is Saturday 2nd April 2016 and we are providing our gold and silver update for week ending 1st April.
Gold rose in US dollar terms last week by $6 from $1216 to $1222 an oz having been as high as $1244 and as low as $1210. In sterling terms gold fell by £2 and in Euro’s it fell by 16 Euros.
Silver fell by 12 cents from $15.17 - $15.05 having reached a high of $15.46 and a low of $14.87. In sterling terms it fell 16 pence, and in Euros it fell by 0.37 Euros. The Gold to Silver Ratio rose from 80.2:1 to 81.2:1
The Dow Jones closed on Friday at 17,792 up 107 points on the day and up 277 points on the week, and the NASDAQ closed at 4,914 up 44 for the day and up 141 points on the week. Brent Crude was almost $2 down on the week at $38.67 and US Light Crude was down a little over $2.50 at $36.79. The dollar index stands at 94.62 down 1.65 on the week.
Meanwhile we continue with our normal position: that should you be underweight in metals in your portfolio, then you should at least consider purchasing on dips. If you are not underweight, then there may be better times ahead to make additional purchases. The same applies to silver. For those who are living in countries other than the US which are adopting negative interest rates and feel that rates may go even lower, should bear in mind that the acquiring of gold and silver should be considered as a hedge. We still see gold and silver falling from current levels in the course of the coming months.
Please view our recent videos:
US Non Farm Payroll Report for March 2016 shows more jobs created.
Why the FEDERAL RESERVE could justify raising interest rates in 2016
Is physical silver a cheap purchase at $15 an oz? (Part 2 of 2)
Is physical silver a cheap purchase at $15 an oz (part 1 of 2)
Gold and Silver Update w/e 24th March 2016 - by illuminati silver
Why owning Physical Gold and Silver is so important.
Rockefellers and Disney – The wealthy should pay Higher State Taxes
Plenty of Gold in London Vaults says Adrian Ash of Bullion Vault
Why is Obama improving relations with Cuba?
Gold and Silver Update w/e 18th March 2016 - by illuminati silver
Gold and Silver rise on back of FED's failure to raise interest rates.
Peter Hug of Kitco News agrees with illuminati silver over the Gold to Silver Ratio
Trump wins Florida and Rubio suspends his campaign
What does ‘negative interest rates’ mean and will the policy work?
Gold and Silver Update w/e 11th March 2016 - by illuminatisilver
Gold and Silver prices may fall as Investors take profits
Is Apple Protecting Privacy Rights and the US Constitution?
China’s exports fall by over 25%
Mexico’s President likens Donald Trump to Adolf Hitler
Nancy Reagan dies – aged 94 – An influential US First Lady
Despite good job figures US rates unlikely to rise before June 2016
Is Ted Kruz a Freemason and if so will he be the next Masonic President since Lyndon B
Gold and Silver Update w/e 4th March 2016 - by illuminati silver
U S private sector adds 214,000 jobs in February