APMEX Market Commentary Archive May 2012

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News and Commentaries Mid-Day Gold & Silver Market Report – 5/10/2012 by Timothy Oakes May 10, 2012 ANOTHER GREEK VOTE LIKELY; GOLD STEADY Precious Metals remained relatively steady through the morning. The strength of the United States dollar continues to affect prices, as well as the lingering eurozone debt crisis. Sharps Pixley’s Ross Norman said, “At this particular moment, Gold ... [more] Morning Gold & Silver Market Report – 5/10/2012 by Ryan Schwimmer May 10, 2012 DATA ALLOW EURO TO SLIP INTO BACKGROUND Gold and Silver prices had recovered from early morning losses, and were hovering close to Wednesday’s closing marks. A slew of data were released this morning. In the United States, jobless claim numbers were slightly above expected levels after... [more] Closing Gold & Silver Market Report - 5/9/2012 by Brandi Brundidge May 9, 2012 BOOST TO AMERICAN DOLLAR ADDS TO ECONOMIC IMPROVEMENT As the value of the American dollar continued to climb today on Europe’s fiscal worries, it pushed the Gold price down for the day. Silver fell to its lowest price since January. Frank Lesh at FuturePath Trading said, “Cur... [more] Morning Gold & Silver Market Report – 5/9/2012 by Timothy Oakes May 9, 2012 GREEK TURMOIL FANS EURO DEBT CRISIS Precious Metals prices were down in overnight and morning trading. Gold in particular is falling due to the immediacy of the European debt crisis. Between changes in leadership, ultimatums and downgrades, the euro again is on shaky ground. Nic Brown ... [more] Mid-Day Gold & Silver Market Report – 5/8/2012 by Timothy Oakes May 8, 2012 EUROZONE CRISIS REARS ITS HEAD AGAIN Precious Metals prices have been down throughout the morning trading session, largely on technical selling and the growing European Union debt crisis. The euro is trading at its lowest levels since January. The uncertainty has led to a rise in strength of the Un... [more] Morning Gold & Silver Market Report – 5/8/2012 by Ryan Schwimmer May 8, 2012 HEDGE FUND MANAGER: BEWARE ‘TAXMAGEDDON!’ Precious metals and stocks across the globe are trading lower this morning amid the renewed concerns in Europe. Mike McCudden of Interactive Investor explained, “With the sight of yet more roadblocks on the road to recovery for the euro zone, investor... [more] Closing Gold & Silver Market Report - 5/7/2012 by Brandi Brundidge May 7, 2012 ‘GOLD BUGS’ FAVOR THE PRECIOUS YELLOW ASSET Investors are aware that Gold is a safe haven, but Warren Buffett, a well-known American business magnate, has made it apparent he does not invest in Precious Metals. However, Michael Pento, founder of Pento Portfolio Strategies, gave some in... [more] Morning Gold & Silver Market Report – 5/7/2012 by Ryan Schwimmer May 7, 2012 GREEK, FRENCH ELECTIONS SEND EURO, GOLD LOWER Precious Metals prices were lower, along with stocks, around the globe. The dollar was up, thanks to investors fleeing the euro in search of safety. Weekend elections in the eurozone have many investors concerned. Elections in Greece and Fr... [more] Closing Gold & Silver Market Report – 5/4/2012 by Timothy Oakes May 4, 2012 PRECIOUS METALS RISE AS OIL AND JOBS DATA DISAPPOINT Precious metals are up in afternoon trading. Gold in particular is up after the rather disappointing non-farm payroll report was released. The weaker economy spurs thoughts of possible quantitative easing being back on the table. Fed Chairman Ben... [more] Mid-Day Gold & Silver Market Report - 5/4/2012 by Brandi Brundidge May 4, 2012 FISCAL POLICY CRUCIAL IN AMERICAN RECOVERY Precious Metals prices were slow to move in this morning’s trading. The goal of creating 170,000 jobs for April was not reached, as an employment report earlier today showed only 119,000 jobs had been added. Addressing America’s economy,... [more] Month List 2013 May (42) 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.