Gold and Silver Update w/e 12th February 2016 - by illuminati silver
2,672 views · Published 13 February 2016 · 6:54 · Indexed 4 November 2026
Channel: The 2% Brief · 2016 · People & Blogs
http://www.illuminatisilver.com http://www.facebook.com/illuminatisilver Gold and Silver Update w/e 12th February 2016 by illuminati silver Today is Saturday 13th February 2016 and we are providing our gold and silver update for week ending 12th February. Gold rose in US dollar terms last week by $64 from $1173 to $1237 having been as high as $1255 and as low as $1165. In sterling terms it rose by £43 and in Euro terms it rose by 47 Euros Silver rose 77 cents from $14.99 - $15.76 having reached a high of $15.93 and a low of $14.90. In sterling terms it rose by 52 pence, and in Euros by 0.56 Euros. The Gold to Silver Ratio rose slightly from 78.2:1 to 78.5:1 showing the added strength of the gold price compared to silver. Gold and silver showed very strong performances last week, and in particular towards the latter half, after Janet Yellen gave what many regard as a dovish statement on the US economy plus the use of that word ‘accommodative’ interpreted by analysts that interest rates were unlikely to rise any time soon. So Gold is 5.4% higher this week and silver is up 5.1%. The continuing weakness of the dollar, falling stock markets, Janet Yellen’s dovish statement on the US economy and its potential impact on interest rate rises, all contributed to these rises in gold and silver prices. In addition, we have to state that there have been signs of further central bank buying of Gold and some Institutional interest as well, in view of the fears many have over the stock market position for 2016. Again, China’s slowdown is frequently referred to as a reason to be concerned. There is no doubt that every gold and silver pundit is attacking the airwaves with Gold going to $5000 - $10,000 an oz and silver $50 - $100 an oz in 2016. Well we have been here before. In fact each and every year, the same message has been given by the usual suspects. The question is, are they right this time even though they were wrong in the past 5 years? Well we shall give you our thoughts on this in a comprehensive 2 part video series with part one being broadcast on Wednesday and Part 2 next Sunday. Please view our recent videos: ABX launches today - improving transparency and price discovery in the Precious Metals Market https://youtu.be/K2OhVc8qUiI Janet Yellens Statement today proves Fed is more Dovish than Hawkish https://youtu.be/LFTxmWsSHoQ Trump Wins New Hampshire, Kasich 2nd and Cruz 3rd - Christie may now bow out https://youtu.be/ohFBXmMmEko Gold and Silver Price Manipulation - Part 6 of 11 - by illuminati Silver https://youtu.be/jg74Ub-KNVY Trump ahead - New Hampshire Republican Presidential Debate 2016 - analysis https://youtu.be/pxyKHbPNuuc Iran demands to Trade Oil in Euro’s and not Dollars https://youtu.be/D7mfkEI3stM Will India’s love for gold and silver slow down her economy? - by Kabir https://youtu.be/_UIdvfyNHEU Gold and Silver Update w/e 5th February 2016 - by illuminati silver https://youtu.be/K9P6BuvGDi4 US Job Figures for January 2016 fall well below market expectations https://youtu.be/jyJ9Zn07iqc Bank of England Holds Rates at 0 5% because of economic slowdown and low inflation https://youtu.be/mkQZfYgDYWU China to launch its own Government Backed digital currency in 2016 https://youtu.be/_jxfeE5vjFQ Who really won Iowa - Cruz - No - Trump - No - Rubio - Yes https://youtu.be/SCftCUn2xiY Gold and Silver weekly update for w/e 29th January 2016 - by illuminati silver https://youtu.be/hDrJrr0bPJo Fed January 2016 announcement makes March Interest Rate rise less likely https://youtu.be/nFOa6zo0KAE Remember It's not all about numbers by David Pannizzutti - an illumnati silver subscriber https://youtu.be/lTZSjQP-ROU Why I Buy Silver in 2016 - An American Boomer's Perspective - by an illuminati silver subscriber https://youtu.be/HctayjWa_WU The Functionality of Full Reserve Banking https://youtu.be/U29io8uyI60
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