Gold and Silver Update - 6th January 2017
2,675 views · Published 7 January 2017 · 7:22 · Indexed 22 October 2026
Channel: The 2% Brief · 2017 · People & Blogs
http://illuminatisilver.com http://facebook.com/illuminatisilver Gold and Silver Update - 6th January 2017 Today is Saturday 7th January 2017 and we are providing our gold and silver weekly update for the week ending 6th January. Gold rose in US dollar terms last week by $21 from $1151 to $1172, having hit a high of $1184 and a low of $1146. In sterling terms gold finished the week at £954 that’s up £21, and in Euros it closed at 1113 Euros that’s up 18 Euros on the week. Silver rose by 56 cents from $15.94 to $16.50 having reached a high of $16.71 and a low of $15.91. In sterling terms it closed at £13.42 that’s up 51 pence for the week and in Euros it closed at 15.66 euros that’s up 0.51 Euros. The Gold to Silver Ratio fell from 72.2:1 to 71.03:1 The Dow Jones closed on Friday at 19,963 up 64 points on the day and up 201 points on the week, and the NASDAQ closed at 5521 up 33 points on the day and up 138 points on the week. Brent Crude was up 28 cents at $57.10 and US Light Crude was up 27 cents at $53.99 The dollar index stands at 102.22 that’s up a tiny 0.01 on the week. With this in mind, gold appears extremely resistive at the $1200 area and the closer we get to that level, the more likely sellers are to become aggressive and push prices closer towards $1100 though this may take a week or two to achieve. All eyes will be focussed on the equity markets as the Dow approaches that all important 20,000 level and if it is reached and held, then we shall see even more funds moving out of the precious metals and back into equities. This we envisage occurring once President-elect Trump has been inaugurated or perhaps just before. Silver markets rallied during the week, breaking well above the $16 level. However there is considerable resistance all the way up to the $17 level. As with gold, the US dollar’s continuing strength should continue to put pressure on the silver market. Having said that the more bullish traders believe that the economy is going to perform, should to some extent underwrite silver’s value though we are still of the opinion that we shall see $15 silver before $18 silver. Now we all know that Government statistics are at best flawed and at worst manipulated. This is why we tend to look more closely at the trends rather than the underlying figures. What we feel we need to express though is that traders, analysts and those entities which speculate on the markets, whether they be equities, currencies or commodities, do place great store by these figures and anticipate and react accordingly. So whatever you or we think or believe to be the case, it is not us who will move markets. What we can do though is look at the long term, and remain confident that given enough time our purchase decisions will eventually prove correct. Please view our latest videos: Jobs Figures Disappoint but still suggests lower gold and silver prices ahead https://youtu.be/7wiPEmzRSGU First Silver Unboxing of 2017 - Illuminati Silver https://youtu.be/QLiXw2UQPzI Inner Sanctum Membership Interest Link. https://youtu.be/haXoDIjFPH4 Why are Global PMI’s rising when naysayers predict imminent economic collapse? https://youtu.be/svIbXtld0oA Megan Kelly Leaves Fox News and Joins NBC https://youtu.be/09DZxKG-AWc Inner Sanctum Membership Update https://youtu.be/V0WdxYkRY4o An Introduction to and Interview of Greg an Illuminati Silver Elder https://youtu.be/jO5434nVqJY Winners of our Gold and Silver Price Prediction 2016 https://youtu.be/bxklsS_p4Bg Gold and Silver Update w/e 30th December 2016 https://youtu.be/5-V6_CE4eOM Platinum Update and Price Forecast for 2017 https://youtu.be/ctSrIbMPFck Oil price forecast 2017 https://youtu.be/cMs8M49Mgeg UK Investors follow US Investors into the Stock Markets https://youtu.be/AwC8JzSHW2U Musings on the Future Direction of US Stock Markets in 2017 https://youtu.be/4_u-5HT7SsQ How Money and Gold can bring happiness into your life - Poem https://youtu.be/3Cny1JMpLno Bitcoin – An Introduction as its value doubles in 2016 https://youtu.be/XFA0j5fxPu4
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