Gold and Silver Weekly Outlook for February 13-17

This was submitted by Lior Cohen, M.A. at Trading NRG using the Trefis Contributor Tool

Here is a short recap of the developments in gold and silver during the week of February 6^th to 10^th; this overview includes a short description of the changes in the financial markets that are related to precious metals; 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.

For the video link on Gold and Silver Weekly Outloook

The video link above includes a short analysis for gold and silver for the week of February 13^th to February 17^th; the outlook includes reviewing the main reports, events, decisions and news items that will published during the upcoming week. Some of these reports and decisions include: Bank of Japan’s rate decision, Bernanke’s speech, German economic sentiment, publication of the minutes of FOMC meeting, EU GDP 4Q 2011, and the U.S. jobless claims weekly update (just to name a few).

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