Gold and Silver Update w/e 26th Aug 2016 - by illuminati silver
1,415 views · Published 29 August 2016 · 4:34 · Indexed 6 November 2026
Channel: The 2% Brief · 2016 · People & Blogs
http://illuminatisilver.com http://facebook.com/illuminatisilver Gold and Silver Update w/e 26th Aug 2016 Today is Sunday 28th August 2016 and we are providing our gold and silver update for the week ending 26th August. Gold fell in US dollar terms last week by $20 from $1341 to $1321, having hit a high of $1344 and a low of $1318. In sterling terms gold finished the week at £1005 down £21 and in Euros it closed at 1180 Euros that’s down 5 Euros on the week. Silver fell 77 cents from $19.42 to $18.65 having reached a high of $19.21 and a low of $18.49. In sterling terms it closed at £14.19 that’s down 58 pence for the week and in Euros it fell 0.41 Euros at 16.65 Euros per ounce. The Gold to Silver Ratio rose from 69.4:1 to 70.8:1 The Dow Jones closed on Friday at 18,395 down 54 points on the day and down 157 points on the week, and the NASDAQ closed at 5,218 up 6 points on the day and down 20 points on the week. Brent Crude was down $1.42 at $49.46 and US Light Crude was down $1.43 at $47.09. The dollar index stands at 95.5 that’s up 1 on the week. Gold prices moved lower following the statement from the Feds Vice Chair Stanley Fischer who spoke after Janet Yellen, and who pointed to next week's payrolls report as an important gauge after stronger hiring reports during the past 3-months, amid evidence that the economy has strengthened. He indicated that the Fed is considering two rate increases this year. We can see one rise of 0.25% but will be surprised if two rises are in fact implemented. Silver was under pressure but had some support at the $18.50 level. We believe that silver may still fall closer to $18 and gold closer to $1300 which will provide a good opportunity to purchase if you are short of stock. The dollar is likely to improve again this week following the fear of potential interest rate rises and this will, at least temporarily, dampen gold and silver prices. Please view our latest videos: Gold and Silver Update w/e 19th Aug 2016 - by illuminati silver https://youtu.be/mK9OhMSvgo4 7 Reasons Why A Trump Presidency will be good for Gold and Silver https://youtu.be/C62xV21SQD4 Gold and Silver Update w/e 12th Aug 2016 by illuminati silver https://youtu.be/tret_tH9IFY Gold and Silver Update w/e 5th Aug 2016 - by illuminati silver https://youtu.be/lnNadazd1CM Gold and Silver Update w/e 29th July 2016 https://youtu.be/2f7eK4gjhLU Gold and Silver Update w/e 22nd July 2016 - by illuminati silver https://youtu.be/sMrYh7gy0g0 Gold and Silver Update w/e 15th July 2016 - by illuminati silver https://youtu.be/FMJqXw3tGwE UK's 2nd female Prime Minister – Theresa May https://youtu.be/Hd7ndYMgxxo Gold and Silver Update w/e 8th July 2016 - illuminati silver https://youtu.be/nkWTz8pTayU Gold and Silver Update w/e 1st July 2016 - by illuminati silver https://youtu.be/BOj8w5fW0M0 Gold and Silver Update w/e 24th June 2016 - by illuminati silver https://youtu.be/IVhpm2J0lqo Gold and silver up - UK votes for Brexit - Prime Minister Resigns https://youtu.be/-3IaDqTyFSM
More from this channel
-
5:02
Greek Debt Crisis Update - by Illuminati Silver
-
5:30
1000 You Tube Subscribers in 4 months - Thank You from Illuminati Silver
-
5:58
Why has the Gold Price Fallen Further? - by Illuminati Silver
-
6:47
Gold, Silver, Stock Market and Dollar Update 23rd Aug 2015 - Illuminati Silver
-
9:07
Harvey Organ - Playing the same tune or a misguided prophet?
-
7:43
IMF Issues warning to the FED over interest rates.
-
11:48
How to recognise a Gold and Silver Pumper - 9 Comments they usually make.
-
6:05
Is Carly Fiorina the 'Cracker to Crush the Trump Nut'?