Gold and Silver weekly Update – w/e 2nd February 2018

Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 4th February 2018 and we are
providing our gold and silver weekly update for the week ending 2nd February 2018.
Gold fell $18 from $1,351 to $1,333 having hit a high of $1,351 and a low of $1,328.
In sterling terms gold finished the week at £944 that’s down £10, and in Euros it
closed at 1,070 Euros that’s down 17 Euros on the week.
Silver fell 82 cents from $17.42 to $16.60 having hit a high of $17.46 and a low of $16.57.
In sterling terms it closed at £11.76 that’s down 54 pence and in Euros it closed at 13.33
euros that’s down 0.69 euros. The Gold to Silver Ratio rose substantially
from 77.55:1 to 80.30:1 The Dow Jones closed on Friday at 25,520 down
665 points on the day and down 1096 points on the week, and the NASDAQ closed at 7,240
down 144 points on the day and down 265 points on the week.
Brent Crude fell $1.94 from $70.52 to $68.58 and US Light Crude fell 69 cents from $66.14
to $65.45 The dollar index stands at 89.19 that’s
up 0.13 on the week. Last week, as we stated in our previous report,
revealed a number of influences which could have, and in fact did, affect gold and silver
prices. Gold prices were volatile, falling and rising at least 4 significant times during
the week. Overall a mixture of a hawkish FED announcement on Wednesday, possibly suggesting
4 interest rate hikes in 2018 certainly took its toll. A strengthening dollar and higher
10 year Treasury notes and 30 year Treasury Bond yields had a downward impact on gold.
The significant fall in the Dow limited gold’s sharp decline on Friday after extremely positive
Non-farm payroll figures for January of 200,000 new jobs, up from the anticipated 180,000,
suggested higher interest rates afoot. Technical analysts are suggesting that should
gold prices fall below $1,329 then they may trend down toward $1,306 and if they fall
below that we may very well see gold around $1250. Alternatively they suggest that should
gold breach $1349 then it will meet the next resistance point at $1354 and any upward move
from there will suggest an upward trend which could indeed surpass $1400.
Silver generally has moved more or less in line with gold with the economic data on Friday
significantly affecting its price. Silver has once again declined relative to gold providing
a GSR just above 80. We all know that in comparison with one another, above 80 tends to suggest
a revaluation in silver’s favour in the near future. That said, should stock markets
rise while the US dollar strengthens this week, both of which are likely, then we see
further downward pressure on both gold and silver prices. However, should investors panic
and pull out more funds from the equity markets then of course both gold and silver will be
beneficiaries of such a move. We believe that 2018 will be a turning point
for gold and silver prices, especially later in the year. Meanwhile, we have to try and
ascertain as to whether now is the time to buy or should we wait a little longer. Our
position has been constant. If you are underweight in your physical gold and silver portfolio
then buy regularly, especially during price falls but don’t go ‘all in at once’.
For the past 3 years we have said, there is not going to be an explosion in gold and silver
prices for a number of years and so far we have been right. Volatility absolutely, but
no serious significant move, and there have been a number of economic and political factors
which could have influenced prices considerably during these times.
We still believe there is time for accumulation without rashness but we also see much turmoil
later in the year and as the decade ends. We shall cover more of this in our annual
forecast which is coming out this week We hope you have found this video interesting
and informative and if so, please give it a thumb up and share it on twitter. Also kindly
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Disclaimer: Illuminati Silver owners come from a background
of Banking, International Wealth Management and Economics. Having now retired from these
worlds we are not qualified to give investment advice. Therefore, this and other productions
must not be deemed to be giving such advice and merely represent the personal views of
its owners.

14 thoughts on “Gold and Silver weekly Update – w/e 2nd February 2018

  1. Great informative vid, All markets closed at a record down 2.5%, USD index Down, FISA released, 2 train crashes in the US, Oil up, VIX at record 17%, Cryptos down. I think febuary-march is in for some excitement. Also, I'd love to receive an update on your thoughts on Platinum, The production & reserves are 1/3rd than that of gold.

  2. Thank you kindly for the weekly update. Spot on as usual. I have set aside funds to purchase silver before summer, but I think it's highly likely we will see further price declines up through March or April. I don't see it going below $15.50 an ounce though. This week could see metals prices really dive, especially with all the Fed speakers set to speak (undoubtedly they will talk up how great the economy is). With the release of the Nunes memo Friday, did anyone notice the statement by the Treasury that the budget deficit this year is projected at $955 billion? An 84% increase from 2017. But I still think that by Thanksgiving, we could see this market get crazy.

  3. The bond market is the reason for the decline in everything. The fed no longer has control of rates. We’re going to see some cheap silver and gold.

  4. What?!  What a silly story with vague unfounded suggestions. It also appears to be biased against the last few week's  huge gold/silver accumulation stories for China, Russia, and Middle East. The US is not the "world market". If this site was in any way about "the truth" then why did it censor the headlines:MAJOR BANKS Implicated In Gold & Silver Rigging! – Arrests Made!Just search YouTube, Google…. it was huge official news this week.Suggestion: Move along, nothing to watch here!

  5. Hello IS. Some of us were prepared for rise in USD, and future interest rates. Unfortunately for PM's, they'll likely take a hit for a while, as you've stated, and might go even lower, and downtrend last longer than end of year. Timing uncertain yet, of course. I hope Powell is considerate with the rise in rates, as 3 or 4 hikes could very well stop home buyers and others dead in their tracks. Regardless of jobs reports, notice how the revisions are almost always to the downside. I think the economy is still a bit shaky, and job opportunities are not across the board, but in certain areas only.

  6. Fed Chair Yellen position ended on a US Super Moon, Blue Moon, Total Moon Eclipse.
    The moon's events we can predict, stock market bubble pops are not as easy to predict.

  7. When silver goes back to $50 I'm liquidating my entire stack and getting into real estate and putting half of that cash aside to buy back in when it drops back to $12, which it will. I'm holding my gold for the long long haul and am not parting with any of that any time soon. Unless you have huge gold holdings, even if it went up to 3-grand an ounce, I wouldn't make more than a few grand, so it may even be beneficial to roll my gold over into silver. I'm starting to believe that even my couple of pounds of gold is just a waste having it sit there collecting dust, I just may roll it into silver.

  8. Can you pls tell me why gold and silver are dropping so fast today? gold is $1314 right now? Thanks man. Tyring to figure what's been going on in the past few days.

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