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Gold and Silver and Inner Sanctum Update – w/e 4th August 2017 Video

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Gold and Silver and Inner Sanctum Update – w/e 4th August 2017

Today is Sunday 6th August 2017 and we are providing our gold and silver weekly update for the week ending 4th August.

Gold fell $11 from $1,269 to $1,258 having hit a high of $1,274 and a low of $1,254. In sterling terms gold finished the week at £965 that’s down £1, and in Euros it closed at 1,069 Euros that’s down 11 Euros on the week.

Silver fell 43 cents from $16.71 to $16.28 having hit a high of $16.88 and a low of $16.24. In sterling terms it closed at £12.49 that’s down 23 pence for the week and in Euros it closed at 13.83 euros that’s down 0.39 euros.

The Gold to Silver Ratio rose from 75.94:1 to 77.27:1
The Dow Jones closed on Friday at 22,092 up 66 points on the day and up 262 points on the week, and the NASDAQ closed at 6,351 up 11 points on the day and down 23 points on the week.

Brent Crude fell 10 cents from $52.52 to $52.42 and US Light Crude fell 13 cents from $49.71 to $49.58

The dollar index stands at 93.54 that’s up 0.29 on the week.

As we suggested last week, gold initially firmed and in fact rose to a 7 week high and then fell back as a result of rising treasury yields and a stronger US Dollar further supported by Friday’s non-farm payroll report showing that U.S. economy added 209,000 jobs in July, while the unemployment rate fell to 4.3 percent, the lowest since March 2001

With Congress now taking its Summer break and President Trump taking his 17 day golfing holiday, we believe that much of the political tension which has kept gold prices artificially high will wane for the duration of August and we expect to see lower prices develop. Whilst it is possible that the U.S. Producer Price Index which will be revealed on 10th August and the U.S. Consumer Price Index which will be reported on 11th August could have a firming impact, we believe they will impact little on the fall in prices we envisage. Now it’s extremely difficult to forecast exact prices but we suspect that gold will fall back another $20 - $30 this week and then dip below $1200 before August is completed and we believe well below $1200.

Silver followed gold’s lead last week but performed more weakly resulting in a quite firmer gold to silver ratio of over 77 to 1. We see very little reason over the coming weeks for silver to strengthen and now we believe that the long awaited fall towards $15 is now on the cards. Yes there will be volatility, however the trend over the next 4 weeks will definitely be down and the $16 level will be broken through very soon indeed.

Finally our reaction to the comments made last week and in previous weeks from our subscribers and an explanation of what has been happening. The past few months have seen us downscale the number of videos we have produced and to some extent only covering major incidents and our weekly roundup. Once we move to the Inner Sanctum what you are seeing now is what non-paying members will get. What you used to receive – at least one video a day - plus a whole library of information and continuous interaction plus insights and information not published on CNN or MSNBC or Fox News is what Inner Sanctum members will receive. Now let us be blunt about this. If you cannot take criticism of your President’s actions the Inner Sanctum will not be for you, regardless of who that President is. If you cannot take the message that gold and silver prices may actually fall as well as rise, the Inner sanctum will not be for you. If you believe that the World is about to end next week or next month, the Inner Sanctum is certainly not for you. If you only believe the exaggerated, and often made up claims of Alex Jones, the Inner Sanctum will not be for you.

Please view our latest videos:

Will Trump be Impeached or become a Dictator?
https://youtu.be/hZHWpY5FDOA

The case for $600 Gold – unlikely but Interesting.
https://youtu.be/QGUZA63dHSA

Microchips inserted into your hand may soon become the rage in the US.
https://youtu.be/eobRS0Eud8w

IMF announcement of lower UK and USA growth is positive for Gold and Silver prices.
https://youtu.be/MjJq2Ol0K6I

Gold and Silver Update – w/e 21st July 2017
https://youtu.be/syZjbsl1nxA

Sessions will Go and Machiavelli is an amateur compared to Trump.
https://youtu.be/WIm0lYDAgQ0

Gold and Silver Update – w/e 24th July 2017
https://youtu.be/xFio2LFfRjs

Why Gold and Silver Prices Have Further to Fall in 2017
https://youtu.be/GfVAuc3NH5k
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