APMEX Market Commentary Archive August 2011

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News and Commentaries Mid-Day Gold & Silver Market Report –8/26/2011 by Peter LaTona August 26, 2011 Fed Chairman Bernanke Punts until September As predicted by APMEX CEO, Michael Haynes, no new information emerged from Fed Chairman Ben Bernanke’s morning briefing from Jackson Hole. Mr. Bernanke repeated his previous view, “The Fed has a range of tools that could be used to provide additional mone... [more] Morning Gold & Silver Market Report – 8/26/2011 by Ryan Schwimmer August 26, 2011 FOR BETTER OR WORSE, ALL EYES ON BERNANKE Gold prices pushed upwards in overnight trading, as the expectation of Federal Reserve Chairman Ben Bernanke’s highly anticipated speech is now that he will not signal that the Fed is ready for a third round of quantitative easing. Silver has mainly t... [more] Closing Gold & Silver Market Report – 8/25/2011 by Timothy Oakes August 25, 2011 TO QE3 OR NOT QE3 THAT’S THE INVESTOR’S QUESTION Since the Mid-Day Gold & Silver Market Report, gold has maintained its position with positive gains for the day. The previous losses of gold were attributed in large part to the CME Group raising the margins on gold futures by 27%, which is its l... [more] Mid-Day Gold & Silver Market Report – 8/25/2011 by Ryan Schwimmer August 25, 2011 STOCKS SLUMP; GOLD IN THE BLACK AGAIN Gold has turned the corner into positive territory after stocks tumbled thanks to the jobless claims report. Also, as expected, most investors are focused on Federal Reserve Chairman Ben Bernanke’s speech tomorrow morning, and nervousness is returning to ... [more] Morning Gold & Silver Market Report – 8/25/2011 by Peter LaTona August 25, 2011 Gold Prices Continue to Move Down Overnight, then Stabilize in Early Morning Trading Gold price headed towards $1,700 in overnight trading, but is strengthening in early morning trading, now sitting above $1,730. Platinum prices were below $1,800, but have bounced back over $1,810. Silver and palla... [more] Closing Gold & Silver Market Report – 8/24/2011 by Robert Davis August 24, 2011 GOLD FALLS AS TRADERS CASH OUT, TAKE RISKIER BETS Gold fell substantially today as traders moved into riskier markets, like stocks, in anticipation of the announcement of a third round of quantitative easing. Glenn Hubbard, dean and Russell L. Carson professor of finance and economics at Columbia ... [more] Mid-Day Gold & Silver Market Report – 8/24/2011 by Craig C. Calvin August 24, 2011 CAUTION AND CONCERN AHEAD OF BERNANKE SPEECH; CBO PREDICTS SLOW GROWTH Gold prices are dropping dramatically in morning trading largely due to profit taking. This same profit taking has driven gold futures down by 4%. Silver, platinum, and palladium are also experiencing sharp declines. Stock perfo... [more] Morning Gold & Silver Market Report – 8/24/2011 by Stephanie Chandler August 24, 2011 STOCKS REBOUND ON NEWS OF JULY’S DURABLE GOODS ORDERS Precious metals are down slightly in early morning trading from yesterday’s close trading due to profit taking. News that July’s durable goods orders beat expectations coming in at 4% has stocks rebounding from early morning lows to trade ... [more] Closing Gold & Silver Market Report – 8/23/2011 by Peter LaTona August 23, 2011 Stocks Up Over 300 Points – Precious Metals Retreat of Recent Highs Continued poor economic data has spurred expectations that the Fed will have to take action to get our economy moving again. All eyes are on Friday’s Fed meeting in Jackson Hole. Clearly, traders are anticipating another form of Q... [more] Mid-Day Gold & Silver Market Report – 8/23/2011 by Peter LaTona August 23, 2011 Precious Metals Retreat as the Stock Market Advances – The morning trading hours see gold, silver, platinum and palladium are all giving back a portion of their recent gains. The most likely scenario is that with the rapid rise of the past two weeks, some investors have decided to lock in gains. A s... [more] Month List 2013 May (40) 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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