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News and Commentaries

Closing Gold & Silver Market Report – 6/30/2011

by Geoffrey Varner June 30, 2011
GOLD CLOSES THE QUARTER ON A HIGH NOTE – Although these past few days have seen the metal retreat, for the quarter gold gained 4.4%.  In fact, gold gained 3.1% more than it did in the first quarter of the year.  So far this year, gold has been supported by geopolitical fears caused by upri... [more]

Mid-Day Gold & Silver Market Report – 6/30/2011

by Timothy Oakes June 30, 2011
CHINA’S HAND IN THE COOKIE JAR; QE2 WORTH IT? In a report released today, it was announced why Treasury auction rules changed back in 2009. The Treasury Department changed their procedures then to allow for more transparency in the purchase of U.S. government debt through bond auctions. They handle... [more]

Morning Gold & Silver Market Report – 6/30/2011

by Ryan Schwimmer June 30, 2011
JOBLESS CLAIMS FALL (BARELY); OBAMA CALLS FOR STIMULUS AND COMPLICATES DEBT TALKS The weekly jobless claims report was released this morning and showed a drop of 1,000 from last week.  Economists, who are constantly wrong on this subject, had expected a drop of 4,000.  The unemployment ra... [more]

Closing Gold & Silver Market Report – 6/29/2011

by Stephanie Chandler June 29, 2011
Precious metals continue to rally today on news of Greece’s parliament voting to push austerity measures and the ever-approaching U.S. debt ceiling.  Obama’s speech consisted of reiteration on the need to have both parties compromise and “get it done,” while emphasizing that both parties should... [more]

Mid-Day Gold & Silver Market Report – 6/29/2011

by Timothy Oakes June 29, 2011
BAILOUT SET FOR GREECE, IS U.S. NEXT? Greek Prime Minister George Papandreou was able to garner enough votes to pass the first part of the austerity plan for bailout by the EU. The vote means that the implantation, which is the second measure, should pass without issue. The margin of voting was act... [more]

Morning Gold & Silver Market Report – 6/29/2011

by Ryan Schwimmer June 29, 2011
DO OR DIE FOR GREECE, DOLLAR LOSING GLOBAL RESERVE STATUS Stock futures are trading higher this morning along with precious metals as the world awaits the big vote in Greece.  The Associated Press reports that it is likely that the vote on austerity measures will pass today, meeting the requir... [more]

Closing Gold & Silver Market Report – 06/28/11

by Geoffrey Varner June 28, 2011
LAGARDE IS THE NEW HEAD OF THE IMF – It didn’t require a vote once the U.S. officially gave their support to Christine Lagarde.  She was selected by consensus to become the next Managing Director of the International Monetary Fund (IMF).  Lagarde has been quoted saying, “The IMF must be re... [more]

Mid-Day – Gold & Silver Market Report – 6/28/2011

by Timothy Oakes June 28, 2011
GREECE IS THE WORD Greece continues to be a major news topic for the day. The Germans are backing the French plan for the rollover of Greek debt. Any plan for a rollover, however, requires credit rating agencies (Fitch, Moody’s, etc.) to not put Greece into a default status. The issue with this is ... [more]

Morning Gold & Silver Market Report – 6/28/2011

by Ryan Schwimmer June 28, 2011
AHEAD OF VOTE, IS EU THINKING OF PLAN B FOR GREECE? Following suit with oil, precious metals have rebounded this morning, possibly signaling an end to the selloff that started late last week.  Concern over the debt crisis in Greece is supporting demand for the safe-haven asset of gold.  M... [more]

Closing Gold & Silver Market Report – 6/27/2011

by Robert Davis June 27, 2011
GOLD ATTEMPTS TO HOLD $1500, HURT BY DEMAND FOR DOLLAR – Gold was down today, amid rising demand for the U.S. dollar.  The dollar rose in FOREX trading today on fears of the euro zone debt crisis.  A stronger dollar tends to push down on commodities, and gold is no exception.  Neither... [more]
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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.

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