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Gold and Silver Update w/e 16th Sept 2016 - by illuminati silver

1,044 views · Published 18 September 2016 · 4:06 · Indexed 6 November 2026

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

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Gold and Silver Update w/e 16th Sept 2016

Today is Sunday 18th September 2016 and we are providing our gold and silver update for the week ending 16th September

Gold fell in US dollar terms last week by $18 from $1328 to $1310, having hit a high of $1332 and a low of $1306. In sterling terms gold finished the week at £1007 up £6 and in Euros it closed at 1174 Euros that’s down 7 Euros on the week.

Silver fell 27 cents from $19.06 to $18.79 having reached a high of $19.28 and a low of $18.68. In sterling terms it closed at £14.45 that’s up 9 pence for the week and in Euros it fell 0.12 Euros to 16.84 Euros per ounce. The Gold to Silver Ratio remained steady at 69.7:1

The Dow Jones closed on Friday at 18,123 down 88 points on the day but up 38 points on the week, and the NASDAQ closed at 5244 down 5 points on the day and up 119 points on the week.  Brent Crude was down $2.24 at $45.77 and US Light Crude was down $2.85 at $43.03. The dollar index stands at 96.1 that’s up 0.8 on the week.

Gold fell during the week in dollar terms and we are nearly touching that $1300 level at which we see it as an excellent medium to long term purchase. The FOMC meets on 20th and 21st of September and its report will be anxiously awaited, thereby causing some movement this week in the gold price. We suspect rates will not rise, however there will be a strong indication that they may very soon. We shall have to wait and see. 

Silver like gold has dipped a little maintaining the GSR. Again we see it this week moving more or less in line with gold, awaiting the FED’s meeting and statement. 

There is little to add at this stage except that we shall be publishing part 2 of our silver forecast tomorrow as opposed to today, so that you just have one video to listen to per day and later in the week our views on gold will also be published.

Please view our recent videos:

Silver Price Prediction for end of 2016 (part 1 of 2).
https://youtu.be/ktiuNNLXNiM

2016 Gold and Silver Price Forecast Update
https://youtu.be/g-WQWsCk84A

Platinum vs Gold Update 2016
https://youtu.be/d7S9aAVgyCw

Gold and Silver Update w/e 9th Sept 2016 -  by illuminati silver
https://youtu.be/N-VTTCiJI0I

Gold and Silver Update w/e 2nd Sept 2016 2016 by illuminati silver
https://youtu.be/-DVi6Yy9Pt8

Gold and Silver Update w/e 26th Aug 2016 -  by illuminati silver
https://youtu.be/fPACCKnEtes

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

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