APMEX Market Commentary Archive June 2012

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News and Commentaries Morning Gold & Silver Market Report, 6/12/2012 by Timothy Oakes June 12, 2012 MORE EUROPEAN COUNTRIES ADDED TO WORRY LIST Precious Metals prices have remained relatively steady, rising a bit during early morning trading. Some analysts are saying that the safe haven appeal of Gold is borne not of the eurozone worries, but actually what those worries could do to t... [more] Closing Gold & Silver Market Report, 6/11/2012 by Brandi Brundidge June 11, 2012 THE REACTIONS TO THE SPAIN BAILOUT ARE PESSIMISTIC Goldman Sachs Group Inc. is forecasting a 23 percent return in a year for industrial metals, with Gold as one of the top picks. Jeffrey Currie, head of commodities research, said, “Although the macroeconomic backdrop still remains unce... [more] Morning Gold & Silver Market Report, 6/11/2012 by Peter LaTona June 11, 2012 GOLD, SILVER PRICES UP ON SPANISH BAILOUT Gold and Silver prices both opened higher Sunday on the announcement this past weekend that Spain agreed to a $125 billion (American dollars) bailout. The devil is always in the details, and although the details of this agreement are still unkn... [more] Closing Gold & Silver Market Report, 06/08/2012 by Peter LaTona June 8, 2012 WILL CENTRAL BANKS SEND GOLD TO $2,000 IN 2012? Jeff Kilburg of Kilburg Capital said he still expects Gold to soar to $2,000 in 2012. “I think (Federal Reserve Chairman Ben) Bernanke has one more bullet left in the chamber,” Kilburg said, and he has to use it wisely. There is no reason... [more] Mid-Day Gold & Silver Market Report, 6/8/2012 by Brandi Brundidge June 8, 2012 CONCERN FOR EUROPE SPREADS; U.S.A. ECONOMIC SURVEY SHOWS HOPE Gold’s price began dropping Thursday on investors’ disappointment with Federal Reserve Chairman Ben Bernanke’s testimony about America’s economy. Bernanke offered no signal the Fed would stimulate the economy immediately, wh... [more] Morning Gold & Silver Market Report, 6/8/2012 by Ryan Schwimmer June 8, 2012 INVESTORS NERVOUS; SPAIN TO REQUEST AID American stock futures are taking a hit this morning, now that investors have had a day to digest the big news from yesterday. Federal Reserve Chairman Ben Bernanke’s reluctance to acknowledge any plans for monetary stimulus had a big effect on market sentime... [more] Closing Gold & Silver Market Report, 06/07/2012 by Robert Davis June 7, 2012 YEAR-END ‘FISCAL CLIFF’ CONCERNS FED CHAIRMAN The Gold price took a dive today after Federal Reserve Chairman Benjamin Bernanke gave no indication of further monetary easing by the Fed. Bernanke testified before the Joint Economic Committee today. He pressed Congress to pass legislatio... [more] Morning Gold & Silver Market Report, 6/7/2012 by Ryan Schwimmer June 7, 2012 CHINESE RATE CUT BOOSTS STOCKS; FED CHIEF TO TESTIFY News from China was driving markets this morning, as the central bank in the country cut interest rates by 25 basis points. Jordan Lambert of Spreadex Ltd. said “The unscheduled rate announcement by the Chinese central bank has been long awaited ... [more] Closing Gold & Silver Market Report, 6/6/2012 by Timothy Oakes June 6, 2012 AMERICAN STOCKS SURGE; GOLD PRICE ALSO HIGHER Precious Metals prices have seen a relatively volatile day but remained in positive territory throughout the day. Many traders are speculating that poor jobs data, renewed optimism that stimulus will be re-introduced, and growing safe haven... [more] Morning Gold & Silver Market Report, 6/6/2012 by Ryan Schwimmer June 6, 2012 ECB HOLDS RATES STEADY; SPANISH DEBT SOLUTION IN THE WORKS Precious Metals were holding on to moderate gains this morning, with the Gold price up about 1 percent and Silver up 3 percent. The European Central Bank (ECB) seems to be the major focus today, announcing this morning it would... [more] Month List 2013 May (55) 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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