Here is a short overview of the recent developments in gold and silver prices during the week of March 12th to 16th and an outlook for the week of March 19th to 23rd; this includes a short description of the main news items, decisions and events that may have influenced precious metals traders during last week; in this analysis I use charts and a fundamental analysis to examine how if at all last week's events, decisions and financial reports affected the path of gold and consequently may also affect the direction of the SPDR Gold Trust (GLD).
The video link and complete analysis of Gold and Silver Weekly Outlook
The video link on gold and silver prices provides a broad outlook for the major news and events that might affect the path of metals during the week of March 19th to March 23rd; the video includes reviewing the main reports, events, decisions and news items to be published during the upcoming week. Some of these reports and events include:
U.S. Housing Starts and Building Permits: the U.S Census Bureau will publish the U.S housing starts and building permits report for February 2012; this report was historically correlated with gold– as housing starts increased, gold tended to decrease the following day (even when controlling to the USD effect); in the previous report, the adjusted annual rate reached 699,000 in January 2012, which was 1.5% above December's rate of 689,000; the building permits edged up by 0.7%(the previous US building permits and housing starts review);
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