Gold and Silver Prices Weekly Outlook for January 16-20

Here is a weekly recap for gold and silver prices for the first week of 2011,
the week of January 9th to January 13th including changes in prices, chart
analysis and highlighting the main news that may have affected gold and silver
prices to further rise during last week. The recent ECB rate decision to keep
the interest rate unchanged may have contributed to the rally of gold and silver
prices. But by the end of week the announcement of S&P cutting the credit rating
of France to AA+ pulled down the Euro along with precious metals prices. 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 16th to January 20th
including the main reports and news items that may affect gold and silver prices
during the week. Some of these reports include: ECBs President speech, U.S.
housing starts, Chinas GDP growth rate, U.S. existing home sales report, the
U.S. PPI and CPI, Euro Area Consumer price index and the U.S. unemployment
claims weekly update (just to name a few). For further reading: Where are Gold
and Silver Headed in 2012? Weekly Outlook