APMEX Market Commentary Archive April 2011

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News and Commentaries Closing Gold & Silver Market Report – 4/15/2011 by Geoffrey Varner April 15, 2011 GOLD BREAKS ANOTHER RECORD TO CLOSE NEAR $1,500. Gold closed up 0.8% on the week with silver also closing at its latest 31-year record. Although the turbulent geopolitical environment still exists in places like Libya, economic forces have been driving precious metals prices this week. Consumer pric... [more] Mid-Day Gold & Silver Market Report – 4/15/2011 by Ryan Schwimmer April 15, 2011 FED OFFICIALS DISAGREE ON ACCELERATING INFLATION Federal Reserve policymakers are in disagreement on how best to tackle the problem of accelerating inflation. After news of a 0.5% increase in the Consumer Price Index, a key inflationary measure, some central bankers are still advocating an ea... [more] Morning Gold & Silver Market Report –4/15/2011 by Peter LaTona April 15, 2011 GOLD & SILVER CONTINUE TO MOVE UP – Gold spot prices are currently up another $2.60, while Silver spot prices climbed another 64 cents. Gold rose to a record high on global inflation concerns and the continued weakening of the US dollar.Gold is becoming more widely accepted as an asset class wit... [more] Closing Gold & Silver Market Report – 4/14/2011 by Peter LaTona April 14, 2011 GOLD FUTURES NEAR RECORD HIGHS – US DOLLAR WEAKENS – Gold advanced more than 1% as it nears record highs. Fear of inflation, a weakening US dollar and more problems in Europe continue to drive investors to gold (and perhaps silver, which established a 31 year high today.) In the US, Treasury Secret... [more] Mid- Day Gold & Silver Market Report – 4/14/2011 by Peter LaTona April 14, 2011 GOLD & SILVER RISING RAPIDLY – The disappointing jobs data along with mixed earnings reports are causing investors to move away from stocks and into precious metals. Gold is currently up $16.40 – Silver is up $1.42 Pimco Co-Chief Executive, Mohamed El-Erian, stated on CNBC today, th... [more] Morning Gold & Silver Market Report – 4/14/2011 by Peter LaTona April 14, 2011 JOBLESS CLAIMS RISE – INFLATION FEARS GROW – New jobless claims unexpectedly rose last week rising once again above the 400,000 level. Economist polled by Reuters projected claims to fall to 380,000. The four week moving average, which is considered the best measurement, went up 5,500 to 395,750. In... [more] CLOSING GOLD & SILVER MARKET REPORT – 4/13/2011 by Peter LaTona April 13, 2011 OBAMA REVEALS HIS DEFICIT CUTTING PLAN – President Obama came out with his budget-cutting plan that chops $4 trillion off in the next 12 years. These time frames make many of us wonder how you can propose a plan that you will not be in office to over see. Chris Edwards of the Cato Institute, which i... [more] Mid-Day Gold & Silver Market Report – 4/13/2011 by Peter LaTona April 13, 2011 INFLATION IS ACTUALLY NEAR 10% – Some of us remember the hyper inflationary period that began in the late 1970’s and ran through much of the 80’s. Fed Chairman Paul Volcker was appointed in 1979, as the CPI surged into double digits. If we were to use the same CPI measurements today, that we used in... [more] Morning Gold & Silver Market Report – 4/13/2011 by Peter LaTona April 13, 2011 INTERNATIONAL MONETARY FUND WARNS ABOUT US DEBT - THE IMF came out with a statement that the US lacks a “credible strategy” to address their debt issues. The IMF also pointed out that the US was the only advanced economy to be increasing debt at a time their economy was growing at a rate suffi... [more] Closing Gold & Silver Market Report – 4/12/2011 by Peter LaTona April 12, 2011 GOLD SLIDES WITH OIL. Oil prices dropped today pulling precious metal prices along for the ride. Weak trade data lead to pessimistic views on U.S. economic growth and raised doubt about demand for oil. Why is this important? The sharp drop in oil prices puts a damper on some of the inflation fears i... [more] Month List 2013 May (40) April (66) March (60) February (60) January (63) 2012 December (62) November (60) October (71) September (58) August (51) July (42) June (48) May (48) April (51) March (66) February (65) January (63) 2011 December (64) November (60) October (63) September (62) August (69) July (60) June (64) May (62) April (63) March (69) February (52) January (61) 2010 December (62) November (59) October (33) Authors Brandi Brundidge Craig C. Calvin Eli Hamilton Gaya Vinay Geoffrey Varner John Foster Michael Haynes Mike Garofalo Nicholas Wilsey Peter LaTona Ryan Schwimmer Ted Prince << Previous Commentaries Next Commentaries >> DISCLAIMER: APMEX’s ‘News and Commentaries’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. 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