Gold and Silver Weekly Update – w/e 26th October 2018 - vTomb

Gold and Silver Weekly Update – w/e 26th October 2018

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Gold and Silver weekly Update – w/e 26th October 2018

Today is Saturday 27th October 2018 and we are providing our gold and silver weekly update for the week ending 26th October.

Gold rose $7 last week from $1,226 to $1,233 having hit a high of $1,243 and a low of $1,220. In sterling terms gold finished the week at £961 up £23 and in Euros it closed at 1,081 Euros up 16 Euros on the week.

Silver rose 7 cents from $14.64 to $14.71 having hit a high of $14.81 and a low of $14.52. In sterling terms, it closed at £11.46 that’s up 26 pence and in Euros it closed at 12.90 euros that’s up 0.19 euros.

The Gold to Silver Ratio rose again slightly this week from 83.74 : 1 to 83.82:1

The Dow Jones closed on Friday at 24,688 down 296 points on the day and down 756 points on the week; and the NASDAQ closed at 7,167 down 151 points on the day and down 282 points on the week.

Brent Crude fell $2.16 from $79.78 to $77.62 and US Light Crude fell $1.53 from $69.12 to $67.59

The dollar index stands at 96.35 that’s up 0.64 on the week.

So let’s take a look at the economic news to be announced this coming week:

• On Monday we have Personal Income, Consumer Spending and Core Inflation figures for September – quite an influential day we would suggest

• On Tuesday Consumer Confidence Index for October

• On Thursday Productivity, and Unit Labor costs for Q3. Also Markit manufacturing PMI for Oct and the ISM Manufacturing index for Oct.

• Friday another big and important day with Non-Farm Payrolls for Oct plus Trade Deficit and Factory order figures for September.

So once again we see both gold and silver strengthening this week, if only because of the uncertainty over the elections and the strengthening dollar will have to give a little ground soon, as there are too many factors – at least very short term – which could affect Government policy or its ability to carry out that policy and thereby affect dollar value. Rest assured we still foresee a strong dollar for some time to come, but we also see investors hedging that little bit more especially towards gold and also silver until at least the uncertainty of the elections are over.

On Thursday we are launching our Inner Sanctum. We have issued a number of teaser videos in a fun context to remind you our subscribers and viewers of its impending launch. Please rest assured what we put inside the Inner sanctum is quite serious and in many ways contentious. We cannot populate the site with everything we wish to from day one but will be adding content, and a lot of content, each and every day.

Please view our latest videos:

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

Gold and Silver Weekly Update - w/e 19th October 2018
https://youtu.be/_ragiRcUezE

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

Gold and Silver weekly Update – w/e 12th October 2018
https://youtu.be/7zTbGYTwK3U

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

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