Gold and Silver Prices Weekly Outlook for February 27- March 2

Here is a short overview of the recent changes in gold and silver prices during
the week of February 20th to February 24th; this includes a short description of
the developments in the markets that were related to the changes in precious
metals markets; in the analysis in I use charts and highlight the main news
items that may have affected the direction of gold and silver prices during the
week. The news from the beginning of last week of the Euro Zone ministers of
finance approving the bailout package for Greece brought back some stability to
the financial markets. Not only gold and silver rose during last week, but also
the Euro, and other commodities prices were traded up. On the other hand, the
news of the slight gain in the U.S. home sales may have curbed the rally of
precious metals prices. The Euro sharply rose against the USD, while other risk
currencies such as the Aussie dollar and Canadian dollar slightly depreciated
against the U.S. dollar during the week. This shift in the direction of the
Euro/U.S. dollar may have helped the rally of gold and silver prices during last
week. The video link above presents a