http://illuminatisilver.comhttp://facebook.com/illuminatisilverGold and Silver Update – w/e 9th June 2017
Today is Saturday 10th June 2017 and we are providing our gold and silver weekly update for the week ending 9th June.
Gold fell $13 last week from $1279 to $1266 having hit a high of $1,295 and a low of $1,265. In sterling terms gold finished the week at £993 that’s unchanged, and in Euros it closed at 1,131 Euros that’s down 3 Euros on the week.
Silver fell 35 cents from $17.55 to $17.20 having hit a high of $17.75 and a low of $17.20. In sterling terms it closed at £13.50 that’s down 12 pence for the week and in Euros it closed at 15.36 euros that’s down 0.19 euros.
The Gold to Silver Ratio rose from 72.88:1 to 73.60:1
The Dow Jones closed on Friday at 21,271 up 89 points on the day and up 65 points on the week, and the NASDAQ closed at 6,207 down 113 points on the day and down 98 points on the week.
Brent Crude fell $1.80 to $48.15 and US Light Crude fell $1.83 to $45.83
The dollar index stands at 97.27 that’s up 0.56 on the week.
As we stated last week gold and silver prices see-sawed, particularly in sterling terms with a downward momentum being seen in US dollar terms.
The main causes for this were the Comey testimony and the UK General election vote.
This coming week, traders will focus on the Fed which is scheduled to meet on the 14th of June at which time, many analysts believe interest rates will be raised. As long as this is the case, we foresee both gold and silver prices to be under pressure prior to the announcement and then possibly an opposite trend move once the announcement has taken place, much depending of course on the additional comments made by Fed Chair Janet Yellen.
So for those of you who are interested in acquiring more gold and silver, this week may indeed provide a few opportunities to do so at slightly lower prices. It is our contention that rates may go up by 0.25% but we would not be surprised, if the rise were delayed another month. Either way, gold and silver prices are likely to rise again after Wednesday – though frankly we believe there is very strong resistance at $1300 gold and $18 silver, at least in the very short term.
Tomorrow we shall be commenting on the Comey Interview. Former Director Comey made a few comments which many commentators missed and in our view gave away very clearly what is likely to happen to President Trump. We shall also this week be commenting upon the disastrous election result for the Conservative Party in the UK resulting in the Party being 8 seats short of an overall majority. However some commentators believe that this result is good for the Country as it means a hard Brexit will now be more difficult to achieve. We shall be commenting on this early in the week.
We are aware that many of our subscribers are alarmed at our lack of videos these past few months. Please do not be so. We are in the process of preparing a brand new image, video approach and what we believe will be something that will rival the Young Turks in time. It’s still going to take quite a few weeks to prepare but we ask you to be patient and also the Inner sanctum is being developed, but it too is going to take on a very different guise to what we originally intended.
Its very frustrating for us to have so many delays, but we took the decision earlier this year to hopefully make a large leap forward rather than small incremental steps. We of course need your support to achieve this and so please do not be disheartened and we promise there are some very exciting things to come.
Please view our recent videos:
Gold and Silver Update – w/e 2nd June 2017
https://youtu.be/zZEOYB0EnXoGold and Silver Update – w/e 26th May 2017
https://youtu.be/IyPxu90roJsGold and Silver Update – w/e 19th May 2017
https://youtu.be/pAdnBNPUvAUGold and Silver Update – w/e 12th May 2017
https://youtu.be/6sQD1HpZ6MAPresident Trump fires FBI Director Comey - our Initial Musings
https://youtu.be/2r7ivH7Prb0Gold and Silver Update – w/e 5th May 2017
https://youtu.be/pM6W_pzR8MQGold and Silver Update – w/e 28th April 2017
https://youtu.be/_B332HInd9YGold and Silver Update – w/e 20th April 2017
https://youtu.be/5LngFPnd3MMProperty Development/Management update with Bro Anthony
https://youtu.be/at7ZLYBpIl0Gold and Silver Update – w/e 13th April 2017
https://youtu.be/Eo53RdXl_24Gold and Silver Update – w/e 7th April 2017
https://youtu.be/x3zdbQHigz0Inner Sanctum Update
https://youtu.be/GRNV8QM8mN8Gold and Silver Update – w/e 31st March 2017
https://youtu.be/X1fYLcudL7sEurozone Businesses Growing at fastest rate for 6 Years
https://youtu.be/o_VVTLr5P30About the Site 🌐
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