APMEX Market Commentary Archive May 2011

REGISTER TO WIN a 1oz Gold Eagle!

News and Commentaries Morning Gold & Silver Market Report – 5/20/2011 by Ryan Schwimmer May 20, 2011 BAD ECONOMIC DATA = FED CONTINUING ULTRA-LOOSE POLICY? Gold and silver recovered quickly from early-morning losses, with gold eclipsing $1,500 and silver looking to hold over $35. Prices are being supported by the dollar continuing its slide versus the euro. Stocks are slightly lower th... [more] Closing Gold & Silver Market Report – 5/19/2011 by Stephanie Chandler May 19, 2011 CENTRAL BANKS SNAP UP METALS and take advantage of the current sell-offs, feeling prices will be supported by “the uncertainty over the US economy and the dollar, ongoing European sovereign debt concerns, global inflationary pressures and continued tensions in the Middle East and North Africa,” said... [more] Mid-Day Gold & Silver Market Report – 5/19/2011 by Peter LaTona May 19, 2011 MORE SIGNS OF SLUGGISH GROWTH FOR THE US ECONOMY – There were several key economic reports that came out today, that indicate slower economic growth in the US. Factory activity in the Mid-Atlantic region grew slower than expected. A gauge of future economic activity (Philadelphia Fed Board), fell fo... [more] Morning Gold & Silver Market Report – 5/19/2011 by Ryan Schwimmer May 19, 2011 JOBLESS CLAIMS DOWN; IMF CHIEF RESIGNS The weekly jobless claims report was released this morning, and showed an improvement from last week. New jobless claims were at 409,000, down from 434,000, and about 11,000 better than forecast. However, the four-week moving average, often seen as... [more] Closing Gold & Silver Market Report – 5/18/2011 by Geoffrey Varner May 18, 2011 FULL-DAY RALLY HOLDS UP PRICES – It sounds eerily familiar to last month’s story, but gold and silver both saw modest gains today. Silver led the rally gaining more than $1.50, while gold gained a respectable $16.40. Inflation fears both here and abroad are bringing investors back to pre... [more] Mid-Day Gold & Silver Market Report – 5/18/2011 by Ryan Schwimmer May 18, 2011 SILVER UP OVER 5%; IMF CHIEF’S ARREST COULD HELP CHINA Precious metals continue to climb thanks to inflationary concerns, as crude oil jumped past $100. Adam Klopfenstein of Lind-Waldock in Chicago explains, “The risk appetite is coming back to commodities across the board … Anytime you see a pullb... [more] Morning Gold & Silver Market Report – 5/18/2011 by Ryan Schwimmer May 18, 2011 PRECIOUS METALS REBOUND; CHINA HEADED FOR RECESSION? Precious metals are up across the board in early-morning trading, thanks in part to the dollar sliding versus the euro. The euro hit a seven-week low earlier this week, but has since recovered. Afshin Nabavi of MKS Finance says, “The ... [more] Closing Gold & Silver Market Report – 5/17/2011 by Stephanie Chandler May 17, 2011 PLATINUM AND PALLADIUM TRADE HIGHER ON NEWS OF SHORTAGES – In a report by Johnson Matthey, platinum and palladium supplies will be much lower this year. Both are very industrial metals used in the auto industry. The auto industry has been an increasing source of demand, and should be a 1... [more] Mid-Day Gold & Silver Market Report – 5/17/2011 by Peter LaTona May 17, 2011 RISK OF DEFAULT IN GREECE IS RISING – The arrest of Dominique Strauss-Kahn, head of the International Monetary Fund, has increased the probability that Greece could either default or be forced to re-structure their debts. Strauss-Kahn has been a major force in coordinating the actions amongst the Eu... [more] Morning Gold & Silver Market Report – 5/17/2011 by Peter LaTona May 17, 2011 FINANCIAL REPRESSION IS COMING TO AMERICA – Mohamed El-Erian, co-CEO of the world’s largest bond fund warns that America could soon face higher inflation, austerity measures and financial repression as our political leaders and policy makers struggle to deal with the impact of our financial crisis. ... [more] Month List 2013 May (49) 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.