APMEX Market Commentary Archive May 2011

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News and Commentaries Mid-Day Gold & Silver Market Report – 5/25/2011 by Peter LaTona May 25, 2011 HEAVY NATO BOMBING IN TRIPOLI – For two nights in a row, NATO forces have launched nightly bombing attacks against Gaddafi forces in Tripoli. President Obama has issued another warning to President Gaddafi that there will be “no let up” until he is gone. This conflict is now three-months old (... [more] Morning Gold & Silver Report –5/25/2011 by Peter LaTona May 25, 2011 DEBT CRISIS DEBT CRISIS DEBT CRISIS - According to a poll by the Washington Post, Americans are far more worried by the overall growing US debt, than they are worried about whether Congress will raise the debt limit. When asked to express their biggest concern, nearly half said they feared that ou... [more] Closing Gold & Silver Market Report – 5/24/2011 by Peter LaTona May 24, 2011 GOLD & SILVER RISE AS SAFE HAVEN INVESTMENT – All four precious metal prices are up and gold reached its best since May 3. It is worth pointing out that although silver went through a wild ride recently, gold did not experience the same turbulence. It is currently still near all-time highs. Most... [more] Mid-Day Gold & Silver Report – May 24, 2011 by Stephanie Chandler May 24, 2011 CURRENCIES ON ROLLER COASTER SEND PEOPLE REACHING FOR GOLD Precious metals are rallying today on continued news of the Europe’s sovereign-debt crisis and the downgrading of Belgium and Italy. As of the last week, this news has driven the dollar up against the euro and kept the prices of metals stea... [more] Morning Gold & Silver Report – May 24, 2011 by Peter LaTona May 24, 2011 CHINESE CITIZENS BUYING GOLD IN RECORD AMOUNTS - China bought more gold in the first quarter 2011, than the combined totals of the developed Western Nations. Demand in France, Germany and Switzerland increased triple-digits, yet China outpaced them all put together. The Chinese government made... [more] Closing Gold & Silver Market Report – 5/23/2011 by Geoffrey Varner May 23, 2011 INVESTORS LOOK TO GOLD – Gold showed its resilience vs. other commodities, proving its safe haven appeal, closing at nearly a two week high, while other metals were slightly off the mark. Bart Melek, head of commodity Strategy with TD Bank Financial Group summed it up nicely when h... [more] Mid-Day Gold & Silver Market Report – 5/23/2011 by Stephanie Chandler May 23, 2011 VOLCANO ERUPTION DISPERSES NEW FEARS Precious metals stay steady while bombarded with conflicting news. Italy was downgraded, and while seemingly insignificant, this goes to show even further decay of Europe’s financial situation. As well as the fact that analysts at UniCredit downgraded the insur... [more] Mid-Day Gold & Silver Market Report – 5/23/2011 by Stephanie Chandler May 23, 2011 VOLCANO ERUPTION DISPERSES NEW FEARS Precious metals stay steady while bombarded with conflicting news. Italy was downgraded from an A+ to an A-, and while seemingly insignificant, this goes to show even further decay of Europe’s financial situation. As well as the fact that analysts at UniCredit ... [more] Morning Gold & Silver Market Report – 5/23/2011 by Peter LaTona May 23, 2011 SPANISH ELECTIONS HEAP MORE CONCERN ON EUROPEAN DEBT CRISIS – IS ITALY NEXT? – Standard & Poor’s just cut its rating for Italy from neutral to negative. Fitch Ratings cut Greece once again on Friday. The Spanish Socialists Party suffered major losses in local elections, which is a clear signal t... [more] Closing Gold & Silver Market Report – 5/20/2011 by Stephanie Chandler May 20, 2011 GOLD STRONG, STOCKS WEAK ON VOLATILE DAY IN CURRENCIES MARKET – Gold finished the week strong on news of a downgrade of Greek debt by the ratings agency Fitch. This news hit the euro hard, as it fell more than 1% today against the dollar. Citigroup announced a belief that this breakout w... [more] Month List 2013 May (45) 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. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.