http://illuminatisilver.comhttp://facebook.com/illuminatisilverGold and Silver Update w/e 9th December 2016
Today is Saturday 10th December 2016 and we are providing our gold and silver weekly update for the week ending 9th December.
Gold fell in US dollar terms last week by $19 from $1177 to $1158, having hit a high of $1187 and a momentary spike low of $1095.
In sterling terms gold finished the week at £921 that’s down £3, and in Euros it closed at 1096 Euros that’s down 8 Euros on the week.
Silver rose 11 cents from $16.75 to $16.86 having reached a high of $17.25 and a low of $16.53. In sterling terms it closed at £13.41 that’s up 26 pence for the week and in Euros it closed at 15.96 euros that’s up 0.26 Euros.
The Gold to Silver Ratio fell from 70.26:1 to 68.68:1
The Dow Jones closed on Friday at 19,756 up 142 points on the day and up 586 points on the week, and the NASDAQ closed at 5,444 up 27 points on the day and up 189 points on the week.
Brent Crude was down 13 cents at $54.33 and US Light Crude was down 18 cents at $51.50
The dollar index stands at 101.59 that’s up 0.82 on the week.
All eyes will be fixed on the FED next week awaiting the decision on Wednesday 14th as to whether rates will be raised or remain the same. We stated in January that we could only foresee 2 interest rate rises this year and then amended it to 1 in March. All economic indicators suggest that a rise will occur next week, and the FED’s credibility in the markets will be shattered if they fail to do this.
Many commentators are predicting that should it rise, stock markets will fall and like last year Gold and Silver prices will go up as opposed to down. Our indicators suggest a different proposition. Yes the markets have risen strongly in recent weeks and so a correction of some sort is necessary. However, so confident are the analysts that rates will go up, it’s probably ‘baked into’ their calculations already.
We do not believe that gold and silver at this stage will get a significant bounce unless of course the FED fails to raise rates and then a different perspective applies.
We shall be addressing this further in our next video about the FED’s prospective decision and its implications.
Please view our latest video:
Why Silver May Outshine Gold (cont.)
https://youtu.be/tWqrbebJuZ4ECB Extends QE but Tapers it – Gold prices rise in Euro terms.
https://youtu.be/DaOKkkEn-UgFinancial Armageddon – The Final Days
https://youtu.be/CNl3RCMSpOoCould Italy set off a European Banking Crisis?
https://youtu.be/ANSWYrzgm6gRenzi Resigns - End of Europe? - How does Gold and Silver React?
https://youtu.be/tnmv1EQC6rcWhat is the Gold to Silver Ratio and why is it important?
https://youtu.be/0GBKnBDV3K4Why Silver may outshine Gold in 2017
https://youtu.be/uQuirIkQ3bEIlluminati Silver 2016 Competition Update
https://youtu.be/lRVLc07sRxIGold and Silver Update w/e 2nd December 2016
https://youtu.be/umsN65DhPgc2016 Competition for our Gold and Silver forecasters
https://youtu.be/zQGmH6eE8aEOPEC Agrees To Cut Production - Oil rises - Gold and Silver falls
https://youtu.be/rI2-Onvm_BsThe Case for $10,000 Gold
https://youtu.be/GQsu5UuV6V0ECB warns of political uncertainty risk to Eurozone
https://youtu.be/jS46tUAe9coOur Motivation for this channel – illuminati silver explains
https://youtu.be/UrJjc1_xhvsIndia – The Laboratory Test for a Cashless Society
https://youtu.be/Is3v3pcnM0oOur Motivation behind this channel – illuminati silver explains
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