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Why gold will fall below $1200 and silver below $14 again Video

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Why gold will fall below $1200 and silver below $14

Today is Tuesday 13th November 2018 and we are briefly commenting on gold and silver price movements yesterday and today and express why we believe that gold will fall below $1200 and silver below $14 once again.

As we predicted in our Saturday Update, gold and silver prices initially edged higher and then rather quickly fell back again and lower, with gold standing at $1202 and silver at $14.03 as we write this report. Now the main reason is that the Dollar index jumped yesterday from 96.90 to 97.46 and today to 97.53.

The Dow Jones fell over 600 points yesterday to 25,387 and the Nasdaq down over 200 as the market is now fully absorbing that interest rates are most certainly going to rise as well as a profits warning from some of apples suppliers which exacerbated concerns that demand for iPhones is slowing.causing Apple shares to sink by 5% yesterday, dragging down US markets and wiping more than $40bn off the tech giant's market value.

However world markets are holding up reasonably well this morning and once again we suspect that once traders in the US fully accept the envisaged interest rate rise, we may see stock again rebound. The Dow 25,000 level is important and is seen as quite a strong floor with any moves below at this stage being only temporary.

Meanwhile, downward pressure on gold and silver is likely to continue and yes there will be a couple of technical rebounds, but the election results for President Trump though poor were not disastrous and in any case he still dominates the political landscape for now as the new Democrat controlled House does not take effect until January.

So this mixture of a stronger dollar, poor but not disastrous election results and strong economic figures assuring that the FED will raise rates will assure the further decline of gold and silver prices.

If Trump manages to pull off a trade deal with China in the interim, then frankly gold will even hit that $1150 level for sure and silver $13.50. We shall just have to wait and see.

Meanwhile we have launched the Bulletin Board on the website at www.illuminatisilver.com which is accessible to all registered members – Free and Paid – so please visit this regularly together with the forum which has had a couple of hundred posts already and for those of you who are silver members please visit our ‘premium video section’ as there are going to be some quite exciting videos appearing there soon.

Please view our latest videos:

Gold and Silver Weekly Update w/e 9th November 2018
https://youtu.be/BtGqidiZI8A

Mid Term Election update – precious metal prices little changed so far.
https://youtu.be/knO3EHRlZ3k

Inner Sanctum Launch Details and Website - Explanation
https://youtu.be/9hqkha3soWs

Are the fire clouds descending
https://youtu.be/VFBegKMuIYA

China - Friend or Foe
https://youtu.be/HxuL6kuqIl4

Stock Market collapse – is it time to jump
https://youtu.be/Liznx3-N6V4

Is this the Predicted Economic Collapse
https://youtu.be/NmgdfAWdtTg

China Economic Collapse - Is The Writing on the Wall
https://youtu.be/CXuLbyfvlrg

China Economic Collapse 2018 - Is it Likely?
https://youtu.be/SmfU86CWokg

China - Bond Collapse and Tariffs - Influence on gold and silver prices
https://youtu.be/zGW5Gu7G9bo

FOMC Result and impact on Gold and Silver Prices
https://youtu.be/DtN6Gs8PfIg

WhiteHouse reaches out to China with an iron fist.
https://youtu.be/KoWaoD8gSzI
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