Today is Thursday 6th December 2018 and we are updating you on the current position and factors affecting gold and silver prices this week.
Gold prices tested the October highs at $1,244 but pulled back slightly to its current level of $1237. Silver too touched $14.51 and currently stands at $14.47.
Today has been somewhat of a roller coaster ride both for the dollar and gold and silver prices.
Some of the factors weighing against gold and in favour of the dollar are:
• The US reported that the November ISM non-manufacturing index rose to 60.7 against expectations that the index would dip to 59.7. This helped buoy the dollar and depress gold.
• Stock Markets falling because of lack of confidence in the alleged China US deal – which we said all along was just a delaying tactic so that back room negotiations could take place – and monies moving into the US dollar as a consequence.
Despite these there were also factors in favour of the dollar weakening including:
• Yield curve differentials which we mentioned in our video on Tuesday
• Dollar index falling currently to 96.80 because of concerns over the economy and ahead of important economic data coming out tomorrow and especially the non- farm payroll report
• This one will surprise you and is little mentioned in this context and that is the detainment of Meng Wanzhou at Vancouver airport on Saturday on an extradition request from the US.
China has demanded her release, and called the arrest a human rights violation.
The charges remain unknown but the US has been probing Huawei over possible violation of Iran sanctions. She faces a bail hearing on Friday. This could indeed spark a serious international incident between the 2 superpowers of China and the US and this should be considered, though we suspect the US will eventually back down and release her – even if its on bail.
On the weekend we shall give our normal update but needless to say we wish to add that there are forces operating in each direction with what appears to be of similar if not equal strength. Whilst we fully accept that gold could touch $1300 and silver $15 in the near future, we actually doubt that it will and if it does it will be short lived – our view to those who are listening – we are not at the end of days yet and you can probably put off that Ark building for this weekend – though we have to admit its darned wet here in the UK.
Please view our latest videos:
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The Bank Of England warns the UK Economy could collapse
Fewer Interest Rates Rises Ahead – Bullish For Markets.
Morgan Stanley downgrades Mexico Mining Stocks
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Silver supply up and silver demand down in 2018 - Silver Institute
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Inner Sanctum Launch Details and Website - Explanation
This site provides links to random videos hosted at YouTube, with the emphasis on random.
The original idea for this site actually stemmed from another idea to provide a way of benchmarking the popularity of a video against the general population of YouTube videos. There are probably sites that do this by now, but there wasn’t when we started out. Anyway, in order to figure out how popular any one video is, you need a pretty large sample of videos to rank it against. The challenge is that the sample needs to be very random in order to properly rank a video and YouTube doesn’t appear to provide a way to obtain large numbers of random video IDs.
Even if you search on YouTube for a random string, the set of results that will be returned will still be based on popularity, so if you’re using this approach to build up your sample, you’re already in trouble. It turns out there is a multitude of ways in which the YouTube search function makes it very difficult to retrieve truly random results.
So how can we provide truly random links to YouTube videos? It turns out that the YouTube programming interface (API) provides additional functions that allow the discovery of videos which, with the right approach, are much more random. Using a number of tricks, combined some subtle manipulation of the space-time fabric, we have managed to create a process that yields something very close to 100% random links to YouTube videos.
YouTube is an American video-sharing website headquartered in San Bruno, California. YouTube allows users to upload, view, rate, share, add to playlists, report, comment on videos, and subscribe to other users. It offers a wide variety of user-generated and corporate media videos. Available content includes video clips, TV show clips, music videos, short and documentary films, audio recordings, movie trailers, live streams, and other content such as video blogging, short original videos, and educational videos. Most content on YouTube is uploaded by individuals, but media corporations including CBS, the BBC, Vevo, and Hulu offer some of their material via YouTube as part of the YouTube partnership program. Unregistered users can only watch videos on the site, while registered users are permitted to upload an unlimited number of videos and add comments to videos. Videos deemed potentially inappropriate are available only to registered users affirming themselves to be at least 18 years old.
YouTube and selected creators earn advertising revenue from Google AdSense, a program which targets ads according to site content and audience. The vast majority of its videos are free to view, but there are exceptions, including subscription-based premium channels, film rentals, as well as YouTube Music and YouTube Premium, subscription services respectively offering premium and ad-free music streaming, and ad-free access to all content, including exclusive content commissioned from notable personalities. As of February 2017, there were more than 400 hours of content uploaded to YouTube each minute, and one billion hours of content being watched on YouTube every day. As of August 2018, the website is ranked as the second-most popular site in the world, according to Alexa Internet, just behind Google. As of May 2019, more than 500 hours of video content are uploaded to YouTube every minute.
YouTube has faced criticism over aspects of its operations, including its handling of copyrighted content contained within uploaded videos, its recommendation algorithms perpetuating videos that promote conspiracy theories and falsehoods, hosting videos ostensibly targeting children but containing violent and/or sexually suggestive content involving popular characters, videos of minors attracting pedophilic activities in their comment sections, and fluctuating policies on the types of content that is eligible to be monetized with advertising.