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Iran, Greece, Yellen and Precious Metals update by Illuminati Silver

4,682 views · Published 15 July 2015 · 5:30 · Indexed 14 November 2026

Channel: The 2% Brief · 2015 · People & Blogs

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Iran, Greece, Yellen and Precious Metals update.

Today is Wednesday 15 July 2015 and we are issuing this short video to update you with what we believe to be the consequence of the latest deal with Iran, Janet Yellen’s comments today, and the Greek assent vote and their impact on precious metals.

Gold prices fell today to a 4 month low after US data showed a rebound in Industrial output and Federal Reserve Chair Janet Yellen again signalling her plan to raise interest rates before the end of the year. At the time of this video gold is down just over $5 to $1149 and silver has fallen 27 cents to $15.10.

Presenting her Quarterly Monetary Policy Report to Congress Yellen said that interest rates might “snap back more quickly’ as the boost to consumer spending from low oil prices shows through more definitively.

Now we want you to pay heed to her reference to oil prices. Only yesterday, President Obama struck a Nuclear Deal with Iran. One of the most significant aspects of this is that it could open up Iran’s vast crude oil reserves to the rest of the world. Once Europe and the US ease their sanctions, Iran can ramp up crude production and exports, thereby ensuring this new era of low oil prices. This is estimated to take effect within 6 months to a year. Once the sanctions have been lifted, 30 – 37 million barrels of crude oil and condensate can be released to the market immediately - as it is currently stored in tankers floating off the coast. With US production remaining strong and Iraq and Saudi Arabia pumping record amounts, an oil glut or surplus is likely to occur, which should prove helpful for improving economic activity around the world. It is also likely to put pressure short-term on other commodities such as gold and silver as the price of oil falls further.

Not surprisingly, the Greek Prime Minister has had a difficult job selling his deal to the Greek Parliament. With riots and the police using tear gas against protestors using petrol bombs outside the Parliament Building, and with the Deputy Finance Minister quitting and criticising the austerity plan, it appeared the proposal would not pass. However, the Politicians know that the alternative at this present time would mean short term economic catastrophe for certain, without being confident about how it would all end. On that basis, and putting his Premiership on the line, Tsipras has persuaded the Greek parliament to vote in favour of the austerity plan. With France already accepting, and Britain being bribed it really now leaves Germany as the only real stumbling block, and we are confident that they too will relent.

With another crisis seeming to calm down, economic figures weighing heavily on most countries and especially now the BRICS Nations, and Summer holidays just around the corner, this further endorses our view that precious metal prices will fall further over the coming months.

We hope you have found this short video helpful and informative, and would appreciate it if you would give us a thumb up or down, comment and if you haven't already done so, please subscribe.

Our other videos include:

First Video - Illuminati Silver - Silver prices are going to fall further:
https://www.youtube.com/watch?v=cTvnJhngeDw

World Silver Report 2015:
https://youtu.be/nGujzlP4u0I

Silver prices to fall - Summer 2015:
https://www.youtube.com/watch?v=BdwnugbWma0

Illuminati Silver - advice to New Gold and Silver Stackers:
https://www.youtube.com/watch?v=OTjGk4efxnM

The Truth about Costs of production and Most Silver Miners are not going Bust
http://youtu.be/Q_BNCyZ9LOw

Greece Crisis or Grexit? - No need to panic.
https://youtu.be/dzS4065KWSo

US Mint runs out of Silver Eagles - Don't panic nor be Conned
http://youtu.be/8PkZg3vG_dc

Greek Debt Crisis Update 
http://youtu.be/RLS5VwUMjnk

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