APMEX Market Commentary Archive August 2011

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News and Commentaries Closing Gold & Silver Market Report – 8/17/2011 by Craig C. Calvin August 17, 2011 GOLD BREAKS ANOTHER RECORD; MORGAN STANLEY ASIA WARNS CHINA MAY STOP BUYING U.S. TREASURIES Gold ended the day by hitting another record, finishing at $1793.80 per ounce, a gain of $8.80. This, after trading as high $1,797 earlier in the day, driven by investor apprehension over the debt crisis in ... [more] Mid-Day Gold & Silver Market Report – 8/17/2011 by Stephanie Chandler August 17, 2011 SAFE HAVEN BUYING KEEPS GOLD STRONG; SILVER “CATCHING UP” Gold has continued to trade steady today with small gains from early morning prices as consumers look to venture back into stocks and take profits in gold as it nears $1,800. Silver makes gains this afternoon “catching up to gold,” say... [more] Morning Gold & Silver Market Report – 8/17/2011 by Ryan Schwimmer August 17, 2011 EURO ZONE PLAN BRINGS NO RELIEF TO EQUITY MARKETS Overseas trading was mixed last night, while U.S. Stock futures are poised to open higher. Gold prices have continued to climb since yesterday’s gains. Silver, which has not experienced the same recent gains as gold, has also trended up the past sev... [more] Closing Gold & Silver Market Report – 8/16/2011 by Robert Davis August 16, 2011 STOCKS SNAP WINNING STREAK, INVESTORS GET GOLD FEVER – Gold is up since the mid-day commentary, and stock closed for a loss of around 1%. The market seems jittery after hearing the announcement by leaders Sarkozy and Merkel regarding plans to deal with the EU debt crisis. Many traders were ho... [more] Mid-Day Gold & Silver Market Report – 8/16/2011 by Ryan Schwimmer August 16, 2011 INDUSTRIAL PRODUCTION UP, SOOTHING FEARS OF RECESSION … FOR NOW Since the stock market opened this morning, stocks have declined amid the news of Germany’s sluggish Gross Domestic Product growth. Gold and silver have risen since the morning, adding to gains as investors look for a safe haven ... [more] Morning Gold & Silver Market Report – 8/16/2011 by Peter LaTona August 16, 2011 WEAK ECONOMIC DATA OUT OF GERMANY SENDS GOLD PRICES SOARING In overnight trading activity, gold and silver prices have risen sharply on reports of slow Gross Domestic Product (GDP) growth out of Germany. Slower than expected growth out of Germany is viewed as another indicator of a slowing global e... [more] Closing Gold & Silver Market Report – 8/15/2011 by Craig C. Calvin August 15, 2011 US STOCKS RALLY TODAY; GERMAN CHANCELLOR RESISTS SO-CALLED “EUROBONDS” Since the Mid-Day Gold & Silver Market Report posted by APMEX at 1:15 PM, the spot price of gold has risen from $1,769.00 to $1,770.50 (up $25.90 overall for the day) and the spot price of silver has risen from $39.69 to $40... [more] Mid-Day Gold & Silver Market Report – 8/15/2011 by Timothy Oakes August 15, 2011 ECB BUYS BONDS The European Central Bank announced that last week it began buying Italian and Spanish securities. According to Christoph Rieger, head of fixed-income strategy at Commerzbank AG in Frankfurt, “The market optimists will interpret this number as good news as it underscores the ECB’s re... [more] Morning Gold & Silver Market Report – 8/15/2011 by Peter LaTona August 15, 2011 40th Anniversary of Coming off the Gold Standard! Forty years ago today, President Richard Nixon signed into a law a bill that would take the United States off the gold standard and signal to the rest of the world the end of the Bretton Woods agreement. The Bretton Woods agreement had fixed the pr... [more] Closing Gold & Silver Market Report – 8/12/2011 by Peter LaTona August 12, 2011 Wild Week of Ups & Downs Ends on a High Note This was one of the most volatile weeks for the stock market in recent memory, but with today’s 125 point gain, stocks are only down 1% for the week. Gold prices were down sharply for most of the day, but have rallied back up towards even as we come ... [more] Month List 2013 May (49) 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. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.