APMEX Market Commentary Archive June 2011

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News and Commentaries Mid-Day Gold & Silver Market Report – 6/27/2011 by Timothy Oakes June 27, 2011 U.S. BOND BUYING TO CONTINUE? WARRANT ISSUED FOR GADDAFI The Federal Reserve may continue to purchase Treasury bonds once QE2 comes to an end. The reinvestment into the bonds could pump as much as $300 billion towards the government debt without adding currency, or printing money to cover investmen... [more] Morning Gold & Silver Market Report – 6/27/2011 by Ryan Schwimmer June 27, 2011 CAN OBAMA RESTART DEBT CEILING TALKS? U.S. stock futures are holding on to mild gains this morning amid the release of consumer spending data, which remained flat and is the weakest in almost a year. The dollar has recovered against the euro, which caused gold to give up its very modest early... [more] Closing Gold & Silver Market Report – 6/24/2011 by Stephanie Chandler June 24, 2011 IS THERE NOW A FEAR OF DEFLATION? Precious metals continue to trade lower today as a result of continued selloffs due to the markets being lower and on continued news of geopolitical turmoil. Treasury yields fall to a 2011 low on worries of the European debt crisis and crude oil falls to a four-mon... [more] Mid-Day Gold & Silver Market Report – 6/24/2011 by Ryan Schwimmer June 24, 2011 SELLOFF CONTINUES; WILL AUSTERITY EVEN MATTER IN GREECE? Gold prices are down again today amid “merely follow-through selling after yesterday’s strong drop,” says Brien Lundin with the Gold Newsletter. For the second day in a row, most stock prices are down as well as gold, going against the ... [more] Morning Gold & Silver Market Report – 6/24/2011 by Timothy Oakes June 24, 2011 CONGRESSIONAL IMPASSE, DEADLINE LOOMING Vice President Joe Biden has been leading a small group of Democrats and Republicans in an initiative to come to a bi-partisan agreement on raising the U.S. debt limit by August 2. It appears any chance of an agreement broke down on Thursday, when Republicans... [more] Closing Gold & Silver Market Report – 6/23/2011 by Robert Davis June 23, 2011 GREECE’S AUSTERITY PLAN APROVED, BAILOUT IMMINENT – The IMF and EU approved Greece’s plan for proposed austerity measures this afternoon, which opens the door for an emergency bailout to aid Greece’s bankrupt government. The austerity package is comprised of a mixture of tax increases and cuts... [more] Mid-Day Gold & Silver Market Report – 6/23/2011 by Ryan Schwimmer June 23, 2011 STOCKS, OIL, GOLD ALL DOWN AS INVESTORS COVER LOSSES The markets are all sharing a down day, with oil down 5%, gold 2%, and stocks down significantly as well. The story with oil is that International Energy Agency (IEA) has released 60 million barrels to make up for lost production in Libya.&... [more] Morning Gold & Silver Market Report – 6/23/2011 by Peter LaTona June 23, 2011 JOBS REPORT = BROKEN RECORD, APMEX CEO ON CNBC The U.S. stock market was already heading for a weak opening, and this morning’s jobs report may support further declines. Once again the numbers are disappointing, as initial claims for state unemployment benefits rose by 9,000 when they were expected... [more] Closing Gold & Silver Market Report – 06/22/2011 by Stephanie Chandler June 22, 2011 TO QE3 OR NOT TO QE3, THAT IS THE QUESTION Precious metals are still up this evening as Federal Reserve Chairman Ben Bernanke spoke about the economy. When Bernanke speaks the markets tend to move. This time the stocks were down and precious metals were up. Ironically, the dollar was up against the... [more] Morning Gold & Silver Market Report – 06/22/2011 by Peter LaTona June 22, 2011 GREEK PARLIAMENT GETS CONFIDENCE VOTE BUT STOCKS BACK OFF AS METALS CLIMB As expected, the recently reshuffled Greek parliament survived yesterday’s confidence vote. Now that the first small hurdle has been cleared, a much larger hurdle looms on June 28. This is the date the parliament must approve... [more] Month List 2013 May (43) 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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