APMEX Market Commentary Archive June 2011

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News and Commentaries Closing Gold & Silver Market Report – 6/21/2011 by Peter LaTona June 21, 2011 Citigroup Sees Gold Prices Rise to $1600 in 2011 Citigroup announced their gold price forecast for the balance of 2011 and are forecasting $1600 per oz. Stuart Staley; Citigroup’s global head of commodities further stated that gold prices could climb by 15 to 20 percent in the upcoming two years. T... [more] Mid-Day Gold & Silver Market Report – 6/21/2011 by Robert Davis June 21, 2011 MARKETS UP IN ANTICIPATION OF GREEK PARLIAMENT VOTE – Stocks and precious metals rose this morning in anticipation of a vote of confidence in Greece’s Prime Minister, George Papandreou. The general consensus is that Papandreou is expected to win the vote, which brings Greece one step closer to... [more] Morning Gold & Silver Market Report – 6/21/2011 by Ryan Schwimmer June 21, 2011 MAJOR CONFIDENCE VOTE IN GREECE TODAY, FITCH THREATENS U.S. RATING U.S. stock futures are up this morning, pointing to a higher opening for Wall Street amid optimism over the situation in Greece. Prime Minister George Papandreou is expected to hold a major confidence vote in parliament today,... [more] Closing Gold & Silver Market Report – 6/20/2011 by Timothy Oakes June 20, 2011 EUROPEAN UNITY OF PURPOSE SOUGHT The news of the day still involves Greece. The Greek debt crisis is reaching its boiling point. The vote of the finance ministers ended without the resolution a number of investors had been seeking. The reach of the austerity measures is quite vast. There are talks ... [more] Mid-Day Gold & Silver Market Report – 06/20/2011 by Peter LaTona June 20, 2011 MARKETS RECOVER AS GREEK FEARS DIMINISH Both the precious metals and equity markets are recovering from morning losses, as the eurozone finance ministers gave Greece two weeks from Monday to approve stricter austerity measures, if they want to receive an emergency loan of 12 billion euros. “Even th... [more] Morning Gold & Silver Market Report – June 20, 2011 by Peter LaTona June 20, 2011 STILL NO DECISION IN GREECE SENDS MARKETS LOWER A decision on a second bailout for Greece was expected to be announced on Sunday, but no decision has been made, as the euro zone finance ministers are determined to get tougher austerity commitments out of Greek’s parliament. The finance ministers ar... [more] Closing Gold & Silver Market Report – 6/17/2011 by Ryan Schwimmer June 17, 2011 STOCKS FINALLY BREAK STREAK, MIDDLE EAST TENSIONS GROW U.S. stocks ended their six-week losing streak today, ending mildly higher amid mixed-results reports about the economy and potential progress in Europe to prevent a Greek debt default. To add to the speculative state of the U.S. economic... [more] Mid-Day Gold & Silver Market Report – 6/17/2011 by Stephanie Chandler June 17, 2011 Precious metals are trading higher today despite a rally in U.S. stocks. The possibility of Greece defaulting on their debt has been on the lips of every news source for a while now as people wait anxiously for answers. Many say they will and many say they won’t, but almost all agree that, like the ... [more] Morning Gold & Silver Market Report – 6/17/2011 by Peter LaTona June 17, 2011 GERMANY & FRANCE UNITED ON GREEK BAILOUT - At around 6AM (CT), world equity markets and the U.S. stock market futures began to rise sharply on the news that leaders from France and Germany are united on a new bailout package for Greece. This new package would include voluntary private sector par... [more] THE MARKET RECOVERS ON U.S. ECONOMIC DATA by Geoffrey Varner June 16, 2011 U.S. stocks, gold, and silver recovered today after yesterday’s 100+ point drop in the Dow. Better than estimated housing starts and jobless claims have been given credit for the recovery. The continuing saga out of Greece injected enough uncertainty, as it has been for some time, to kee... [more] Month List 2013 May (52) 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. 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