Yesterday, the U.S markets were closed due to Presidents Day so there werent any
updates on gold and silver prices. Earlier today, The EU ministers of finance
approve €130 billion bailout for Greece. The Euro ended up yesterday in the
green as many had anticipated this news. Currently gold and silver prices are
rising. Today, China flash Manufacturing PMI report will come out along with
Canadas Retails Sales and Great Britain Net borrowing. Here is a short review of
the financial news and events related to metals, and an outlook for metals
prices for Tuesday, February 21st: EU Finance Ministers Approved Greek Bailout
The leading Euro Zone ministers of finance approved this morning after many
hours of talks and discussions the second bailout plan for Greece and thus
prevented Greece from reaching default on its debt in March. The ministers
agreed on the measures the Greeks will have to implement in order to cuts its
debt to 120.5% of its GDP by 2020. Furthermore, private bondholders agreed to
take more losses on the Greek debt. There is still uncertainty whether Greece
will maintain the austerity plan –there is an election in April that could
chance the circumstance. In the mean
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