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2016 Gold and Silver Price Forecast Update Alert

4,501 views · Published 12 September 2016 · 3:52 · Indexed 26 October 2026

Channel: The 2% Brief · 2016 · People & Blogs

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2016 Gold and Silver Price Forecast Update

Today is Monday 12th September 2016 and we are advising our listeners of our upcoming 2 videos as to where we see gold and silver prices until the end of this year.

Many of our listeners will be aware of our 2016 Gold and Silver price forecast which was published on 24th February. We predicted that the trading range for gold during 2016 will be between $1100 - $1350 and for silver between $13 - $17.50.
Well up until the Brexit Vote on 23rd June our calculations looked good -  Gold had peaked at $1307 and silver had a momentary peak of $17.85, but generally operated within our price band. 

However the Brexit vote which most of the Establishment, Politicians, Investors and Business People believed would result in a Remain outcome, were all wrong footed by the victory of the Out Campaign.

Whilst we fully acknowledged prior to the vote that it was going to be incredibly close even we believed that Remain would win, albeit by a 2% - 3% margin. 

Well Brexit changed everything - on 23rd June Silver stood at $17.34 and within a little over a month peaked at $20.72 and gold stood at $1259 and also peaked within a month to $1373. The pound devalued against the dollar and witnessed even larger percentage rises in sterling terms.

The overall situation has changed: Increased uncertainty; a requirement for Europe and the UK to head off a recession by increased QE and lower rates; and the serious possibility of a Trump Presidency has meant that the landscape has altered. We were very confident and proud of our forecast, however when the unexpected occurs one has to re-assess.

So we shall be updating our gold and silver forecasts for the remainder of 2016 and these 2 videos will be published during the next 7 days.

Please watch out for them.

Please view our 2016 update videos:

https://youtu.be/zPikxuF1IRY

https://youtu.be/0hShuh8wFeg

https://youtu.be/UA9LMnU18RY

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