Gold and Silver weekly Update – w/e 5th January 2018
1,075 views · Published 7 January 2018 · 5:16 · Indexed 8 November 2026
Channel: The 2% Brief · 2018 · People & Blogs
http://illuminatisilver.com http://facebook.com/illuminatisilver Gold and Silver weekly Update – w/e 5th January 2018 Today is Sunday 7th January 2018 and we are providing our gold and silver weekly update for the week ending 5th January. Gold rose $17 last week from $1,302 to $1,319 having hit a high of $1,327 and a low of $1,302. In sterling terms gold finished the week at £972 that’s up £8, and in Euros it closed at 1,096 Euros that’s up 11 Euros on the week. Silver rose 28 cents from $16.95 to $17.23 having hit a high of $17.28 and a low of $16.95. In sterling terms it closed at £12.70 that’s up 16 pence for the week and in Euros it closed at 14.32 euros that’s up 0.20 euros. The Gold to Silver Ratio fell from 76.81:1 to 76.55:1 The Dow Jones closed on Friday at 25, 295 up 220 points on the day and up 576 points on the week, and the NASDAQ closed at 7.136 up 58 points on the day and up 233 points on the week. Brent Crude rose 75 cents from $66.87 to $67.62 and US Light Crude rose $1.02 from $60.42 to $61.44 The dollar index stands at 91.95 down 0.17 on the week. Gold prices rallied last week beginning with strong buying, but prices consolidated towards the end as investors reacted to a stabilizing U.S. Dollar. The catalyst behind this was upbeat U.S. economic data and hawkish Fed minutes, which basically puts a small cap on the rise in the price of gold. The FED has already suggested that there will be 3 interest rate rises this year, though the employment figures announced on Friday were somewhat disappointing especially when compared with Novembers. We still maintain a bullish undertone for January but we are not expecting a rip-roaring advancement as witnessed at the beginning of previous years. Silver prices moved similarly to gold but remaining above $17 is short term bullish. Many analysts predict a rise up to $18.50 at which point they envisage significant resistance and then a small reversal in prices. Silver is looking, at least for now, pretty well fully priced in, in our view, save perhaps up to $1 – we are not necessarily expecting a rise above $18 though prices may indeed come close to that figure. The one thing for certain is that stock markets are rip-roaring ahead, easily surpassing the Dow 25,000 level as we predicted, on the back of major corporate tax cuts and reductions in restrictive regulations. We still believe the Dow has further to rise but frankly expect a reversal as the Autumn US elections dawn upon us. Meanwhile as far as gold and silver is concerned, we would accumulate on dips but not chase prices at this stage. Please view our latest videos: 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 Gold and Silver weekly Update – w/e 15th December 2017 https://youtu.be/O-9uwEHNCCg Gold and Silver weekly Update – w/e 8th December 2017 https://youtu.be/giv2bKiy2HY Gold and Silver weekly Update – w/e 1st December 2017 https://youtu.be/dGGrfDMqFsw Gold and Silver weekly Update – w/e 24th November 2017 https://youtu.be/rvrxc4bgUgQ Gold and Silver weekly Update – w/e 17th November 2017 https://youtu.be/sq1HUZCAECk Gold and Silver weekly Update – w/e 10th November 2017 https://youtu.be/75sdCys_zZE Gold and Silver weekly Update – w/e 3rd November 2017 https://youtu.be/xKF2_wReUp4 Gold and Silver weekly Update – w/e 27th October 2017 https://youtu.be/19Euz_EYzE8 Gold and Silver weekly Update – w/e 20th October 2017 https://youtu.be/4oi9GBc-aBg Gold and Silver weekly Update – w/e 13th October 2017 https://youtu.be/BuCbGfXQ_Zo Gold and Silver weekly Update – w/e 6th October 2017 https://youtu.be/8ezGgcX0UtA Gold and Silver weekly Update – w/e 29th September 2017 https://youtu.be/xyZTEgOYgO0 Gold and Silver weekly Update – w/e 22nd September 2017 https://youtu.be/wiutKW-hQnA Gold and Silver weekly Update – w/e 15th September 2017 https://youtu.be/WQVfRxRL3XA Why President Trump will deal with the Democrats. https://youtu.be/Bq6GYP4E5vY Gold and Silver weekly Update – w/e 8th September 2017 https://youtu.be/ioaJ4ciUw1Q Gold and Silver weekly Update – w/e 1st September 2017 https://youtu.be/LlWmSZHAnkE Gold and Silver weekly Update – w/e 25th August 2017 https://youtu.be/X354VBI2MjU Gold and Silver weekly Update – w/e 18th August 2017 https://youtu.be/ice-Iz2uODw
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