Autoplay Next video from Max length

Gold, Silver, Stock Market and Dollar Update 23rd Aug 2015 - Illuminati Silver

4,458 views · Published 23 August 2015 · 6:47 · Indexed 8 October 2026

Channel: The 2% Brief · 2015 · People & Blogs

http://www.illuminatisilver.com

In our last video we stated that we felt that for the time being at least, Gold will maintain a floor of around $1100 and Silver at $15. These floors broke for one day and then the prices rose again ending the week with gold up nearly $46 or just over 4% at $1161 and Silver up 7 cents or just over 0.4% at $15.32

The FOMC minutes as published on Wednesday provided quite frankly a pretty non-descript interpretation of where interest rates were headed, but on balance were regarded as more doveish that hawkish, thereby the value of the dollar fell with the dollar index closing on Friday at 94.8 compared with a 52 week low of 82 and a 52 week high of 100.3

The Dow Jones Industrial Average closed down nearly 531 points on Friday – the last time the index closed more than 500 points lower was on August 10th 2011. The Nasdaq composite also lost some 3.5% and the S&P 500 ended at 1970 some 7.6% off its 52 week high. According to Tom Digenan, Head of US Equities at UBS Global Asset Management he says: “Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and its interpreted indiscriminately.”

Our view at the moment is that these markets have fallen back into what is commonly phrased “correction territory” and may have just a little further to go. We do not see at this stage a 40% re-tracement as some are predicting.

So where does this leave gold and silver? Well the technical analysts predict that we may see gold hit resistance at around the $1180 level while maintaining a floor at around $1100. Silver, they see resistance at $15.70 and short term support around the $15 level.

For many, quite frankly, Silver’s performance was disappointing, especially when there was a lot of short covering being undertaken, which means, and suggests, as we originally forecast, that the silver market is much weaker than many would have you believe.

The key is the dollar. With interest rates now only having a 40% chance of being raised in September the market has to assess its reaction to this potential change of circumstance. We are still not ruling out a 0.25 rise in September, especially if the dollar fails to rise closer to 100 index mark as opposed to 90 by then.
Either way, we are sitting and observing and frankly, still, at this stage, not changing our forecast for silver falling back through to the $14 level in the next couple of months.

Please view our other videos:

First Video - Illuminati Silver - Silver prices are going to fall further:
https://www.youtube.com/watch?v=cTvnJhngeDw

World Silver Report 2015:
https://youtu.be/nGujzlP4u0I

Silver prices to fall - Summer 2015:
https://www.youtube.com/watch?v=BdwnugbWma0

Illuminati Silver - advice to New Gold and Silver Stackers:
https://www.youtube.com/watch?v=OTjGk4efxnM

The Truth about Costs of production and Most Silver Miners are not going Bust
http://youtu.be/Q_BNCyZ9LOw

Greece Crisis or Grexit? - No need to panic.
https://youtu.be/dzS4065KWSo

US Mint runs out of Silver Eagles - Don't panic nor be Conned
http://youtu.be/8PkZg3vG_dc

Greek Debt Crisis Update
http://youtu.be/RLS5VwUMjnk

Iran, Greece, Yellen and Precious Metal Update
http://youtu.be/oGFzIXDufeo

Syria and the Islamic State : History and Update July 2015
http://youtu.be/AIvzCsgFdZM

Why Gold prices fell this morning - 20th July 2015
http://youtu.be/Yqz3J0zUBO4

Mike Maloney Predicts $1000 Gold - We are Flabergasted says Illuminati Silver
http://youtu.be/omoqtlAo_Vc

Trump for President? An interesting Idea by Illuminati Silver
http://youtu.be/wpBNo1VSYuE

What is happening to Platinum? By Illuminati Silver
http://youtu.be/a58lei_u0Jc

1000 Subscribers in 4 months Thank You from Illuminati Silver
http://youtu.be/r6t3Xvhy6To

Silver Institute highlights slightly higher Silver demand First Half of 2015
http://youtu.be/PSgLk98chhk

Info Wars on the precious metal 'pumpers'? - You decide
http://youtu.be/yXK2wDR6MwQ

Shout Out for a Brother Subscriber - Illuminati Silver
https://youtu.be/AQqpjkK13fQ

Debunking the Fact that Gold and silver prices are up in most of the major

world currencies
http://youtu.be/yIZ537G0PsA

Why has the Gold price fallen further?
http://youtu.be/L63x-6DOccI

Is gold being used as a weapon against China and Russia?
http://youtu.be/AU3UqEJjIoQ

How did Donald Trump perform during his First GOP Presidential Debate?
http://youtu.be/sqflinDCcFs

US Labor Force Statistics July 2015 and their impact on Precious Metals by

Illuminati Silver
http://youtu.be/6Om6cTppals

Bix Weir - Genius or Misguided? By Illuminati Silver
http://youtu.be/_5nx24uOetc

Donald Trump - Antiestablishment or Illuminati Puppet?
http://youtu.be/hk-hqUsSE2s

Yuan Devaluation - Is this a Turning Point for Gold and Silver?
http://youtu.be/0kyWi3OryBI

Gold, Silver, Stock Market and Dollar Update 23rd Aug 2015 - Illuminati Silver

More from this channel