Gold and Silver weekly Update – w/e 9th February 2018
1,052 views · Published 11 February 2018 · 4:55 · Indexed 6 November 2026
Channel: The 2% Brief · 2018 · People & Blogs
http://illuminatisilver.com http://facebook.com/illuminatisilver Gold and Silver weekly Update – w/e 9th February 2018 Today is Sunday 11th February 2018 and we are providing our gold and silver weekly update for the week ending 9th February 2018. Gold fell $17 from $1,333 to $1,316 having hit a high of $1,345 and a low of $1,307. In sterling terms gold finished the week at £951 that’s up £7, and in Euros it closed at 1,074 Euros that’s up 4 Euros on the week. Silver fell 24 cents from $16.60 to $16.36 having hit a high of $16.95 and a low of $16.19. In sterling terms it closed at £11.83 that’s up 7 pence and in Euros it closed at 13.36 euros that’s up 0.03 euros. The Gold to Silver Ratio rose from 80.30:1 to 80.40:1 The Dow Jones closed on Friday at 24,190 up 330 points on the day and down 1,330 points on the week, and the NASDAQ closed at 6,874 up 97 points on the day and down 366 points on the week. Brent Crude fell $5.79 from $68.58 to $62.79 and US Light Crude fell $6.25 cents from $65.45 to $59.20 The dollar index stands at 90.44 that’s up 1.25 on the week. Gold began last week slightly stronger and then slid ever since; with a stronger dollar proving negative for the precious metal. As we pointed out in our last report, if gold should fall below $1329 then it may indeed slide towards the $1300 level and possibly into the late to mid$1200’s and we still expect this to happen over the coming 2 – 3 weeks. In deed with the stockmarket taking a substantial fall over the past 2 weeks, this should have proven positive for gold, but as a number of analysts pointed out, in fact investors sold gold to pay the margin calls on stocks as they believe that stocks will continue to venture higher. We shall have to wait and see, but should gold fall below $1300, which we believe it will, it shall provide a nice buying opportunity once again. Silver prices on technical grounds are looking quite weak and do not be surprised to see its price fall below $16 and head towards $15.50 quite soon. We personally welcome this because this is the level we believe silver should actually be at, and should it fall even lower then it will create an excellent buying opportunity. Part 1 of our annual forecast will be out on Tuesday followed by part 2 on Thursday. Sorry for the extended delay, we had a few data issues which we needed to clarify before publication. Please view our latest videos: Gold and Silver weekly Update – w/e 2nd February 2018 https://youtu.be/Hyh4dHB5Xt8 Gold and Silver weekly Update – w/e 26th January 2018 https://youtu.be/NjmiQVMzl28 Gold and Silver weekly Update – w/e 19th January 2018 https://youtu.be/dL5xRTUsUxc Gold and Silver weekly Update – w/e 12th January 2018 https://youtu.be/eTtTiV3DdX0 Gold and Silver weekly Update – w/e 5th January 2018 https://youtu.be/qhqCXruukyE Gold and Silver weekly Update – w/e 29th December 2017 https://youtu.be/4W4IpdcqImk Gold and Silver weekly Update – w/e 22nd December 2017 https://youtu.be/AM5rFWFLSFw
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