APMEX Market Commentary Archive July 2011

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News and Commentaries Mid-Day Gold & Silver Market Report – 7/26/2011 by Timothy Oakes July 26, 2011 COMPROMISE, TOO MUCH TO ASK? Competing plans for the U.S. debt crisis have both Republicans and Democrats focused on finding support votes for those plans. Leaders in the Senate and the House differ on whether to use a plan that proposes a short-term solution that would see another debt limit battl... [more] Morning Gold & Silver Market Report – 7/26/2011 by Peter LaTona July 26, 2011 OBAMA, GOP STILL FAR OFF ON DEBT CEILING DEAL Last night’s televised speech by President Obama clearly showed that the two sides are still no closer to an agreement that would allow the U.S. to raise the debt ceiling in order to avoid what most analysts describe as a devastating default. "For ... [more] Closing Gold & Silver Market Report – 7/25/2011 by Stephanie Chandler July 25, 2011 IN THIS STATE OF CONFUSION, TODAY’S GOLD PRICES CONTINUE TO RISE Precious metals are continuing to rise today while the debt ceiling debates still swirl about with no resolution in sight. In a report from GoldCore, “An eleventh-hour solution is expected before next Tuesday’s August 2 deadline, when... [more] Mid-Day Gold & Silver Market Report – 7/25/2011 by Timothy Oakes July 25, 2011 WORLD WATCHING DEBT CEILING TALKS Worldwide financial leaders remain hopeful and secure that U.S. lawmakers will come through on their debt impasse compromise. The majority of countries believe the U.S. will come to an agreement, but view the combination of a raise to the debt ceiling and a ‘wait a... [more] Morning Gold & Silver Market Report – 7/25/2011 by Peter LaTona July 25, 2011 GOLD, U.S. DOLLAR HIT NEW RECORDS ON DIFFERENT ENDS Gold spot price set an all-time record overnight, reaching $1,624.07 before settling back somewhat in morning trading. U.S. lawmakers had signaled that an agreement on the debt ceiling deal would be forthcoming before the opening of the Asian mark... [more] Closing Gold & Silver Market Report – 7/22/2011 by Stephanie Chandler July 22, 2011 CUT, CAP AND BALANCE BILL REJECTED As expected, the “Cut, Cap and Balance” bill passed by the U.S. House of Representatives failed to make it through Senate today. The bill, which would have allowed the debt limit to be raised only with corresponding spending cuts and an amendment to the Cons... [more] Mid-Day Gold & Silver Market Report – 7/22/2011 by Timothy Oakes July 22, 2011 AMERICANS BACK COMPROMISE; GREEK DEFAULT? The debt ceiling talks continue to be a source of concern for the American public. President Obama is looking for a large cut in the deficit (trillions of dollars) while lifting the debt ceiling. The sticking point is the belief that in order to accommodate... [more] Morning Gold & Silver Market Report – 7/22/2011 by Ryan Schwimmer July 22, 2011 DETAILS OF GREEK BAILOUT AND OBAMA’S DEBT-SHRINKING PLAN Details of the European Union’s bailout of Greece have emerged, and the package is being seen as stronger than expected. Fitch Ratings said it will declare Greece to be in "restricted default,” however this was an expected conseque... [more] Closing Gold & Silver Market Report – 7/21/2011 by Stephanie Chandler July 21, 2011 EU REACHES BAILOUT AGREEMENT; US DOES NOT Gold traded lower today on news that European leaders have finally agreed on a plan to contain the sovereign-debt crisis. However, Matt Zeman of Kingsview Financial in Chicago, comments, “The EU lacks credibility in a lot of investors’ minds…whether o... [more] Mid-Day Gold & Silver Market Report – 7/21/2011 by Timothy Oakes July 21, 2011 CREDIT RATINGS LOOKING BLEAK Standard & Poor’s reiterated its position today that if the U.S. government misses its scheduled debt payments it could cut the U.S. credit rating as early as August. There is some tie-in to both raising the debt ceiling and balancing the budget that S&P needs t... [more] Month List 2013 May (41) 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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