Sunday, February 12, 2012

Gold and Silver Prices Weekly Outlook for February 13-17

Here is a short recap of the developments in gold and silver prices during the
week of February 6th to February 10th; this overview includes a short
description of the changes in the financial markets that are related to the
precious metals prices; in the analysis in I use charts and I highlight of the
main news items that may have affected the direction of gold and silver prices
to shift with no clear trend during the week. The recent ECB rate decision in
which ECB left the interest rate unchanged at 1%: this news may have been among
the factors to trade up gold and silver on Thursday, because many had
anticipated a rate reduction. The Euro and other risk currencies such as the
Australian dollar and Canadian dollar also zigzagged during the week against the
U.S. dollar. This shift in the direction of the U.S. dollar may have also been
responsible for the shifts in the direction of gold and silver prices during the
passing week. The video link above includes a broad forecast for news and events
that could affect gold and silver prices during the week of February 13th to
February 17th; the estimation includes

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