Gold and Silver weekly update for w/e 16th November 2018
2,742 views · Published 17 November 2018 · 18:12 · Indexed 12 October 2026
Channel: The 2% Brief · 2018 · People & Blogs
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Today is Saturday 17th November 2018 and we are providing our gold and silver weekly update for the week ending 16th November.
Gold rose $12 last week from $1,209 to $1,221 having hit a high of $1,224 and a low of $1,196. In sterling terms gold finished the week at £951 that’s up £19 and in Euros it closed at 1,069 Euros that’s up 2 Euros on the week.
Silver rose 25 cents from $14.16 to $14.41 having hit a high of $14.42 and a low of $13.90. In sterling terms, it closed at £11.23 that’s up 31 pence and in Euros it closed at 12.62 euros that’s up 0.13 euros.
The Gold to Silver Ratio fell from 85.62:1 to 84.73:1
The Dow Jones closed on Friday at 25,413 up 123 points on the day but down 576 points on the week; and the NASDAQ closed at 7247 down 11 points on the day and down 159 points on the week and the S&P 500 closed at 2,736 up 6 points on the day but down 45 points on the week.
rent Crude fell $3.42 from $70.18 to $66.76 and US Light Crude fell $3.73 from $60.19 to $56.46
The dollar index stands at 96.46 that’s down 0.44 on the week.
So, let’s take a look at the economic news to be announced this coming week:
• On Monday we have the Home Builders Index for November
• On Wednesday Durable Goods orders and existing home sales
for October and Consumer sentiment for November.
• Thursday of course is Thanksgiving
• On Friday Markit Manufacturing and services index for
November.
Monday may see a small carry through with positive momentum for gold and silver prices, however we are not too excited by it as we do not envisage a major move in either direction.
Our Inner Sanctum Facebook Group is now open to all silver members. You can access it by going to
https://www.facebook.com/groups/illuminatisilverinnersanctum/
and apply to join. It will take us up to 12 hours to verify that you are a silver member because of the time difference between the UK and other countries in which some of our members lie – but it should be faster than that.
We are also sending out some pertinent emails to everyone with information, Free Reports and up and coming events.
The emails will come from 2 sources – either [email protected] or [email protected]. We have noticed in our testing that some of these are going into spam folders and so we would ask you to whitelist those emails so that they arrive safely into your inbox.
Finally, our Bulletin Board is up and working on the website and we would suggest you look there periodically and of course please take part in our forum especially if you choose not to use the FaceBook Group facility.
Please view our latest videos:
Silver supply up and silver demand down in 2018 - Silver Institute
https://youtu.be/iDkyG4D8-7M
Why gold will fall below $1200 and silver below $14 again
https://youtu.be/eEKxyqlluK8
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
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