Gold and Silver Prices Weekly Outlook for January 9-13

Here is a weekly recap for gold and silver prices for the first week of 2011,
the week of January 2nd to January 6th including changes in prices, chart
analysis and highlighting the main events and news that may have affected gold
and silver prices to sharply rise during last week including the rise in the
U.S. manufacturing PMI that was published at the beginning of the week and the
U.S. non-farm employment report, which showed that the U.S employment grew by
200,000; in this regards, the U.S. non-farm report tends to negatively related
to the precious metals prices (as presented in the recent January report). The
video link above also includes a quick forecast for gold and silver prices for
the second week of the year – the week of January 9th to January 13th
including the main reports and events that may affect gold and silver prices
during the week. Some of these reports and decisions include: ECBs rate
decision, U.S. retail sales and core retail sales report, the GB rate decision,
the trade balance reports of U.S. Canada, China and UK,